Bumrah made an impressive debut for India in the fifth ODI against Australia and was the highest wicket taker in the three-match T20 series with six dismissals.
Mumbai Indians, who had retained their top players from previous season, picked up Jos Buttler and Tim Southee in the IPL 9 players auction on Saturday.
Young all-rounder Pawan Negi was the surprise pick for the World Twenty20 and Asia Cup, while the selectors also reposed faith in veterans such as Yuvraj Singh and Harbhajan Singh in the 15-member Indian squad.
The BCCI on Friday announced that it will convene a Special General Body Meeting (SGM) in the third week of this month to discuss the recommendations of the Supreme Court-appointed Justice R.M. Lodha Committee on restructuring.
The spotlight will be on the experienced trio of Yuvraj Singh, Ishant Sharma and Ashish Nehra at the ninth edition of the Indian Premier League (IPL) auctions scheduled to held on Saturday.
India have announced the same squad for both the tournaments and head of the national selection panel, Sandeep Patil, was of the view that this was the best squad picked keeping balance in the mind.