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Arun jaitley though new to finance portfolio, but can do his job with perfection: Feels economists
Breaking all illusions Arun Jaitley, a close confidant of Prime Minister Narendra Modi, has finally got the prestigious and important Finance Ministry. Jaitley, along with finance ministry, will also take care of the defence ministry. Jaitley has taken the charge of the finance ministry today.

Elaborating his priorities as the finance minister Jaitley said that control on inflation, reduction of fiscal deficit will be his top priorities.

62-year old Jaitley had headed Commerce Ministry during Vajpayee regime and who is an experienced person to handle the portfolio perfectly. Currently the Indian economy is facing some tough challenges before it. It might be a tough job for him to reform the current economic scenario but his pro business-like image has raised the expectations of investors and corporate houses.

Industry, stock market and corporates are highly pleased with Jaitley's appointment as the Finance Minister and confident enough that he would do the job best.

On Jaitley taking charge as the country's finance minister, economist Pai Panandikar said though he is new to this portfolio but he can do his job perfectly.

“Jaitley is an unknown person into finance. It is his first experience in handling such a very big ministry along with Defence yet he can do the job perfectly. At first he may work for reduction of subsidies to cut government expenditure and control inflation. He may bring reforms while opening up the economy. There might be a quick change in tax laws. He is likely to relax and reduce direct taxes and focus on strict implementation of indirect taxes”.

Jaitley formerly worked as a corporate lawyer and has been practicing law in the Supreme Court and several high courts. He has positioned himself among country's top-most lawyers. Graduated from Delhi's Shri Ram College of Commerce, he is known as a closest confidant of PM Narendra Modi. Jaitley supported and campaigned for Modi both in 2002 and 2007 Gujarat Assembly elections. And has played an important role in placing Modi as the PM.

The script writer and strategist of the BJP is into his third term in Rajya Sabha and has been playing the role of the leader of the opposition in the upper house since last five years.

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