Watal a 1978-batch Andhra Pradesh cadre IAS officer.
Headed by NITI Aayog member Bibek Debroy, the EAC includes NITI Aayog's Principal Advisor Ratan Watal as its member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time members.
The proposed bullet train will run between Mumbai and Ahmedabad.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
Among possible new members, former chief economic advisor Arvind Virmani's name is doing the rounds.
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
Arun Jaitley addressed a post-Budget press conference.
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
'Whatever happens in any part of the world affects us.'
Arvind Mayaram, who was shunted from Finance Ministry to Tourism only a fortnight ago, has now been transferred as secretary in minority affairs ministry even before he took charge of his new post.
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
Watal panel had suggested an independent payments regulator be set up.
Fiscal situation better but spending cuts likely in FY16 too.
He was last month appointed as Secretary in Department of Economic Affairs in place of his batchmate Arvind Mayaram, who was first shifted to Tourism and then to Minority Affairs Ministry.
Railways is expecting investment through various partnerships.
'Poor home work, and a subsequent loss of nerve.' 'This sums up the Modi government's current travails, the stall in key sectors, fading momentum, irritability,' points out Shekhar Gupta.
Mehbooba wants a congenial political atmosphere and everybody's support before taking the reins of power; hence the delay in government formation. Aditi Phadnis opines.
Economic Advisory Council to the Prime Minister has identified ten themes, including economic growth and job creations that need attention.
Concerned over violence in Jammu and Kashmir in last four days, the Centre on Saturday decided to rush 3,600 additional paramilitary personnel to the Valley and asked the state government to ensure that there is no further loss of lives.
The council wants the government to stick to its fiscal consolidation road map.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
As the government began consultations with stakeholders on raising gas prices, gas producers and consumers met a committee of secretaries separately with their pleas on the issue.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
Over the past six months Rajasthan has introduced some of India's most radical free-market labour, land and welfare reform.
Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
Analysts were expecting the government to propose higher capital infusion for banks.
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