Shri Piyush Goyal

Piyush Goyal (57) is the Minister of Commerce & Industry (2019-present), Consumer Affairs, Food & Public Distribution (2020-present), Textiles (2021-present), and Leader of the Rajya Sabha (2021-present). He was earlier the Minister of Railways (2017-21). He has also held the additional charge of Minister of Finance and Corporate Affairs twice in 2018 and 2019. His previous portfolios include- Minister of Coal (2014-19), Minister of State (I/C) for Power, New & Renewable Energy (2014-17), and Mines (2016-17). As Minister of Railways, over the last two years of his tenure Railways achieved its best ever safety record of zero passenger deaths in accidents. This was achieved through holistic measures such as elimination of Unmanned Level Crossings (UMLCs) from the broad gauge network, production of safer coaches etc. Additionally, Mr Goyal oversaw the launch of the first indigenous semi-high speed train Vande Bharat Express between Delhi and Varanasi. The Power, Coal and New & Renewable Energy ministries led transformational changes in India’s power sector including the fast tracking of electrification of the nearly 18,000 unelectrified villages in some of the remotest and inaccessible parts of the country, the roll out of the most comprehensive power sector reform ever (UDAY), the success of the world’s largest LED bulb distribution programme (UJALA) for energy efficiency, and massive proliferation of renewable energy through the world’s largest renewable energy expansion programme. Other achievements include the elimination of coal shortages to improve the energy security of India and successful conduct of transparent e-auctions of coal blocks. He also received the 4th Annual Carnot Prize in 2018 recognising the pathbreaking transformations in India’s energy sector. During his 35 year long political career, Mr Goyal has held several important positions at different levels in the world’s largest political party, the Bharatiya Janata Party (BJP) and is in its National Executive. He has been the National Treasurer of the Party. In the 2019 Indian General Elections, he was a member of the Manifesto and Publicity Committees. He also headed the BJP’s Information Communication Campaign Committee for the Indian General Elections 2014. Mr Goyal has had a brilliant academic record – all-India second rank holder Chartered Accountant and second rank holder in Law in Mumbai University. He was a well-known investment banker and has advised top corporates on management strategy and growth. He also served on the Board of India’s largest commercial bank, the State Bank of India and Bank of Baroda. He was also nominated by the Government of India to the Task Force for Interlinking of Rivers in 2002. His father, Late Vedprakash Goyal was Union Minister of Shipping, and the National Treasurer of the BJP for over two decades. His mother Chandrakanta Goyal was elected thrice to the Maharashtra Legislative Assembly from Mumbai. He is married to Seema, an active social worker, and has two children – Dhruv and Radhika, who have both graduated from Harvard University, USA.

Shri Rajeev Chandrasekhar

Shri Rajeev Chandrasekhar

Minister of State in the Ministry of Skill Development and Entrepreneurship; and Ministry of Electronics and Information Technology

Profile

Educational Qualifications

• B.E. (Electrical Engineering)- MIT, Manipal Distinguished Alumni Award, 2013
• M.S. (Computer Science)- Illinois Institute of Technology, Chicago Recipient of IIT Global Alumni Award, 2007
• Short Management Programmes- Harvard University, Boston, USA
• Various other Technology programmes - Stanford University, Intel University
• Doctor of Science- Visvesvaraya Technological University

Professional History

Intel at Silicon Valley. California, USA

Senior Design Engineer and then CPU Architect at Intel’s Microprocessor team Was on the Intel 80486 Design team and then on the Architecture team of the path-breaking Pentium team. Worked under legendary Vin Dham and current Intel CEO Pat Gelsinger.

Entrepreneur and builder of India’s Cellular Sector

BPL Mobile 1994 – 2005

In 1991, he returned to India and founded BPL Mobile in 1994 was one of pioneers to invest in and build the Indian Telecom sector. Over those 12 years Rajeev has been a widely recognized and key active participant/contributor in the development of the Indian Telecom sector from a government monopoly dominated one to a vibrant success in the Indian infrastructure sector.

He built India’s then-largest Cellular network and being the first to and simultaneously deliver this Technology to Mumbai, Kerala, Puducherry, Goa, Tamil Nadu, Maharashtra when almost all others were doing so in one or two small markets.

He was a significant contributor to the creation of Independent regulator TRAI and the New Telecom Policy NTP’99 that led to dramatic growth and success of the Cellular Sector.

He was a significant contributor to the creation of Independent regulator TRAI and the New Telecom Policy NTP’99 that led to dramatic growth and success of the Cellular Sector. He remained invested and active in the sector and was the only one not to be embroiled in any of the scams and corruption that gripped the sector. Exited the sector when he saw the advent of Raja Raj in 2006.

Investor and Entrepreneur

Jupiter Capital

Founded Jupiter Capital as a private equity investor in 2006 and was Chairman till 2014.

Has invested and created many successful brands and franchises in Media, Technology, Infrastructure

Vivekananda International Foundation

Vice Chairman, Center for Economic Studies: 2019- Present

Political: 15 years of Rajeev Chandrasekhar as MP

• Rajeev Chandrasekhar was elected to the Rajya Sabha in May 2006, as a Member of Parliament representing Karnataka. He is currently a 3rd term MP
• Active MP in Parliament and in Constituency
• He also serves as the National Spokesperson of BJP.
• Vision 2025 Committee Convenor 2010, NDA Kerala Vice Chairman 2016 Elections, Media and Communication in Charge 2018 Karnataka Elections, 2019 National Elections, Manifesto Committee 2019 Elections, co-in charge of 2021 Puducherry elections.
• Member of Parliamentary Standing Committee on Finance, Member of Public Accounts Committee (PAC), Member of the Joint Committee on Data Protection Bill, 2019 and Member of the Consultative Committee on MoE & IT, Ministry of Communications, Member of the Indian Council for World Affairs.
• Served as the youngest president of FICCI-Federation of Indian Chambers of Commerce and Industry
• Convenor National Coalition to Protect Our Children, NCPOC
• Currently Vice-Chairman of Vivekananda International Foundation, Center for Economic Studies

Opposition MP From 2006- 2012

2G- In 2007 was the first to raise 2G Scam issue in Parliament. At great personal risk, he was the only person to push back against the heavy lobbying and pressure of Telcos including big names on the issue of Spectrum Auction. He was single-handedly responsible to ensure the 3G auction despite a concerted campaign in Media and in Parliament. The resulting 3G auction served to expose the value of free 2G spectrum being given away and the Country today generates lakhs of Crores from these auctions which otherwise would have accrued in value to these Telcos. Fighting the 2G scam was done as Independent MP at great personal risk and cost.

PIL for Section 66A- He was first to raise it in Parliament and oppose UPA’s misuse of draconian Sec 66A of IT Act. Raised it repeatedly in Parliament and got media awareness on this. Was active petitioner in the PIL in the Supreme Court that struck down Sec 66A. Was nominated for Index Freedom of Expression award for year.

Petitioner for Right to Privacy- Leadership on the issue of Privacy started way back in 2010 with his Pvt Member’s Bill- Right to Privacy Bill, 2010 and he consistently fought for the Right to Privacy despite much opposition to it in the Media and was a petitioner and supporter of the PIL that created the landmark Right to Privacy judgement.

Free and Open Internet, Net neutrality

On two critical issues, opposed the UPA governments move to restrict and change the nature of the Internet. On-Net neutrality, opposed the UPA governments efforts to allow Telcos to control and regulate access to the Internet and ensuring that the TRAI and Government reversed the Telco inspired move – in Parliament and through a mass public campaign outside Parliament.

Also single-handedly created awareness about and stopped the Manmohan Singh Government’s efforts to back China’s attempt to move Global Internet regulation to a United Nation Bureaucratic organization UN-CIRP. It took Narendra Modi Government to finally reverse this position and continue to allow the Internet to be a free and open global network without Government control.

Aadhaar

From 2009 was the sole voice in and outside Parliament to oppose the UPAs Aadhaar architecture and design – including lack of legislative backing, lack of Privacy protection, lack of integration with National Population Register and its very dangerously lax verification process. All of which were finally addressed only after PM Narendra Modi became PM.

Public sector Bank NPAs- In 2010 he was the first to raise NPA issue and Crony lending by PSBs lending to favourite UPA Corporates till 2014. Written and spoken extensively about reforms in the banking sector in particular, financial sector expansion and the role of RBI.

OROP- Since 2006, Single-handedly pushed the OROP issue in and outside Parliament, including piloting a Parliament Petitions Committee Report that found in favour of OROP.

Voting Rights for the Indian Armed Forces - After repeated efforts with EC and then Government failed, approached the Supreme Court via a PIL and ensured he got voting rights for armed forces and families. He also pushed EC to ensure remote units could vote. Voter turnout of armed forces has increased in state elections in Uttarakhand and UP.

National War Memorial- From 2007 as MP kept urging Government to set up National War Memorial and this dream became a reality when Narendra Modi became PM. As the then Congress Government was blocking this, initiated a National Military Memorial in Bengaluru.

Kargil Vijay Diwas – In 2009 raised the issue of Kargil Vijay Diwas and ensured that the Government agreed to start celebrating that formally.

Supporting Bravehearts and their families- Repaired and reconstructed CQMH Abdul Hamid’s memorial when the then Government failed to intervene and protect PVC Braveheart’s memorial. Through Flags of Honor Foundation, has helped countless scores of Veteran and Braveheart families all over the country.

Honoured by Army’s Western Command GOC-in Commendation for his work for the Armed Forces and Veterans.

Karnataka Floods: In 2009 Conceived and executed with the Government of Karnataka, an unprecedented public-private initiative ‘Aasare’ – to help rebuild the thousands of destroyed homes and villages in the Floods. He succeeded in roping more than 50 corporates who committed to build 80,000 houses for the flood-affected families. He personally adopted three villages and build several hundred homes.

Plan Bengaluru- in 2009-2010 who worked for a vision for Bangalore and a long-term integrated plan for the development of the city. As the Convenor of the Agenda for Bengaluru Infrastructure and Development (ABIDe) Task Force, he authored PlanBengaluru2020 - a Vision Document and a blueprint for the development of the city to make Bengaluru a world-class metropolis. This remains the first and only such plan for Bengaluru or any other city in the country. Through his NGO NBF, has done many initiatives for Bengaluru including reclaiming encroached lakes and land from builders, Protecting Residential neighbourhoods, Environment, Fighting City corruption, Rewarding Good citizen Organizations and Public servants etc.

Treasury MP From 2014- 2018

RERA- Served on Select Committee of RERA Act and pushed actively to protect home buyer rights as per the vision of the PM, despite huge lobbying by real estate lobby to scuttle or weaken the bill. Also responsible for the draft rules to be created along with citizens interaction with ministry

GST- Served on a select committee of GST and also in financial and regular media advocacy for these reforms and positioned it as a reformer for the long term which will increase tax compliance.

Economic Policy Advocacy- Actively spoke in parliament on each budget from 2006- 2021. Have spoken about 5 Trillion Dollar Economy roadmap and initiatives required in Parliament, in committees and in various Articles. Participated in almost every Budget discussion and has consistently advocated Investment and Economic growth as the main answer to transforming the lives of Indians poor and Vulnerable.

Aadhar- Made many suggestions to this government to improve Aadhar so that it can be used to fulfill PM’s vision. Even had meetings with Aadhar to explain the safeguards required.

Digital Consumer Rights, Call Drops, Net Neutrality- Consumer Protection and Rights- he was first to raise in Parliament and mobilize public opinion. He has pursued the cause of the consumer relentlessly till the current situation where TRAI and the government are fully supporting his consumer position. He has personally responded in detail to every major TRAI consultation with his suggestions in an open and transparent manner.

Cryptocurrencies- Flagged in 2016 the emerging challenges of regulating Cryptocurrencies.

Digital India (New Digital Communication Policy)- strongest advocate for the government’s digital India program. Contributed in large part to the proposed draft digital communication policy on the 25th anniversary of Telecom liberalization.

Big Tech Regulation Was the earliest MP to recognize the power of Social Media and Tech Platforms and start a debate in and outside parliament about the need to regulate them, Policy advocates in and outside Parliament on all issues relating to Technology, including the need to regulate Big Tech.

Dr. Krishnamurthy V Subramanian

Krishnamurthy Venkata Subramanian (born May 5, 1971) is an Indian economist and the current Chief Economic Adviser to the Government of India (CEA), officially being appointed to the position on 7 December 2018. The post of CEA was vacant for over five months since the 16th CEA, Arvind Subramanian, left due to personal reasons in June 2018, having occupied the position for a few months more than the usual term of three years. 

Subramanian is also a Professor at the Indian School of Business (ISB). He was awarded "Professor of the Year" by ISB for elective courses that he taught for the Class of 2019. 

He was born in Bhilai, Chhattisgarh in a Tamil family. He did his schooling at senior secondary school sector 10, Bhilai. Subramanian holds a Master of Business Administration and Doctor of Philosophy (PhD) in financial economics from University of Chicago Booth School of Business. His PhD was completed under the supervision of Luigi Zingales and Raghuram Rajan. He is also an alumnus of the Indian Institute of Technology, Kanpur where he studied electrical engineering, as well as the Indian Institute of Management, Calcutta, where he was awarded an Ewing Marion Kauffman Foundation Dissertation Fellowship in 2005. 

Subramanian has worked in expert committees for Securities and Exchange Board of India and the Reserve Bank of India, being part of major economic and corporate reforms in India. He has worked with JPMorgan Chase, ICICI Bank and Tata Consultancy Services. He was a board member in Bandhan Bank, the National Institute of Bank Management and the Reserve Bank of India Academy, and has academically been a part of the finance faculty at Goizueta Business School at Emory University in the United States of America.

Subramanian is also currently a tenured Professor at the Indian School of Business, and earlier worked as an executive assistant to the chairperson of the Fixed Income Money Markets and Derivatives Association of India. 

In articles published in The Times of India and Livemint titled, "Will Black Be Back? Why demonetisation will be revolutionary in India’s fight against corruption", and "Demonetisation: Are the poor really suffering?", respectively, Subramanian supported the Government of India's banknote demonetisation policy in 2016.

Subramanian was inducted into the Fifteenth Finance Commission's advisory council in May 2019.

Mr. Tobias Adrian

Mr Tobias Adrian is the Financial Counsellor of the International Monetary Fund and its Director of the Monetary and Capital Markets Department. The Monetary and Capital Markets Department encompasses capital markets, monetary policy and central bank operations, financial crises and resolution, financial sector assessments, technical assistance, supervision and regulation, and monetary and financial stability policy.

Prior to joining the International Monetary Fund, Tobias Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and Statistics Group. Tobias Adrian holds a PhD from MIT, an MSc from LSE, and a Masters degree from Goethe University of Frankfurt and Dauphine University of Paris.

Tobias has taught at Princeton University and NYU and has published in economics and finance journals including the American Economic Review and the Journal of Finance.

Shri T. Rabi Sankar

Shri T. Rabi Sankar, a career central banker joined the Bank in 1990 and has worked in various positions in the Reserve Bank of India.

His current areas of responsibility include reserves management, public debt management, payment systems, IT infrastructure, currency management and foreign exchange management.

Shri Sankar has served as an IMF Consultant (2005-11) on developing Government bond markets and debt management.

He has represented RBI on international forums like Bank for International Settlements and various internal and external expert committees and working groups.

Shri Sankar has a Master of Philosophy in Economics from the Jawaharlal Nehru University, New Delhi.

Mr. G Mahalingam

Mr Gurumoorthy Mahalingam is a Whole Time Member (Executive Board Member) of the Securities and Exchange Board of India (SEBI) looking after the Market Regulation Department, Commodity Derivatives Market Regulation Department, Foreign Portfolio Investors, Investigations Departments and the Office of Investor Assistance and Education. He is also at present a Member of the Board of Governors of the National Institute of Securities Market (NISM).

Prior to the current assignment, Mr Mahalingam was an Executive Director in the Reserve Bank of India (RBI) looking after the Market operations, both Rupee liquidity and FX operations. In his stint of 34 years with RBI, he has taken on varied roles like Chief Forex Dealer, Chief Investment Dealer for Forex Reserves Management, Head of Debt Management. He has also been actively involved in the regulation and development of Money, Bond and Foreign Exchange and Derivative markets in India.  His prior assignments in RBI include Bank Examiner as also a Member of Teaching Faculty in RBI's Officers' Training College. 

He is a Masters Degree holder in Statistics and Operations Research from the Indian Institute of Technology, Kanpur and M.B.A in International Banking and Finance from the Birmingham Business School, UK. 

Mr. Sopnendu Mohanty

Sopnendu Mohanty is the Chief Fintech Officer of the Monetary Authority of Singapore (MAS). He joined MAS in August 2015 responsible for creating development strategies, public infrastructure and regulatory policies around technology innovation. Since 2015, Singapore has become one of the top global fintech hubs covering a wide range of financial asset classes including adjacent technology innovations in areas like insurance, digital assets, blockchain, artificial intelligence, reg-tech and green-finance.

Before MAS, Sopnendu spent over 20 years in various leadership roles in technology, finance and innovation with most of his career in Citigroup. Sopnendu is a member of multiple advisory committees of multilateral global agencies, associations, universities, and governments. He is an avid speaker, global thought leader in FinTech, and advocate of accelerated transformation to a digital economy for solving financial inclusion and sustainability challenges.