Who among the following is the chairman of the Expenditure Management Commission that has been constituted to recommend major expenditure reforms?
[C]B V Reddy
[D]C D Deshmukh
Former Reserve Bank governor Bimal Jalan is the head of the Expenditure Management Commission. The Commission is expected to recommend major expenditure reforms that will enable the government to lower its fiscal deficit. Over time, a fiscal deficit in control will help the Government to strengthen the macro economy and ease inflation in the country. The Commission will be mandated with the task of suggesting an overhaul for reducing the food, fertiliser and oil subsidies and other ways of controlling India’s fiscal deficit. It is expected to submit its interim report before the presentation of the 2015-16 Budget next February. The final report is expected before the Budget of 2016-17.