Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
Who should be the country's next finance minister?
Indians have given single hand mandate to Narendra Modi expecting a over all reform in economy and development. The GDP performance has been week for last 2-3 consecutive financial years. People expect an over all reformation in economic policy and growth in GDP.
The country's finance minister has the major responsibility to lead the economic growth in upward direction while coordinating with the various pillars of the economic structure. One single erroneous move by the finance minister may force the economy to nosedive.

On May 26, the government in the leadership of PM-elect Narendra Modi will take oath of the office. And on that day it will be clear who is going to handle the finance portfolio. Right from the corporate sector to agriculture sector, everyone is keeping an eye on is who will be the captain of the ship loaded with the responsibility nation's economy.

So far the one name which is doing rounds for this portfolio is of Rajya MP and BJP's one of the most senior leaders Arun Jaitely. Though Jaitley lost the Lok Sabha elections from Amritsar, however, this is not going to reduce his stature with in the party and his closeness to Narendra Modi apart from his experience is leading him in the race. Economists are also seeing him as the next finance of the country.

Economist P. Pai Pandikar said, “Most likely Arun Jaitley will be the next finance minister of the country. He is very close to Modi and the PM-elect has confidence in him. I think he is a very capable person who can handle the portfolio.”

Jawaharlal Nehru University's former vice-chancellor and an eminent expert on the economic issues Dr B. B. Bhattacharya, on being asked about who he thinks will be the next finance minister, says that it is an internal matter of the party to decide on the name. However, he said that the person who is going to handle this portfolio should have a good understanding of the finance sector, mainly in public finance.

“He should have an ability of making right policy to manage inflation and value of rupee against dollar. He/she should take a balanced approach while formulating a policy and have good knowledge about the world economy and current economic scenario. The person should not be of hard core mentality rather flexible, neither one sided nor rigid but friendly to work with all,” said Dr. Bhattacharya. 

SP Sharma, an economist with industry body PHD, while keeping himself away from taking any individual's name for the finance portfolio said that whoever may carry the portfolio should be an intellectual and have a good knowledge of the global economic disturbance and Indian economic scenario.

“The person should understand well the rural segment of Indian economy and structural economic problems,” said Sharma.




COMMENTS (0)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement

Interesting content

merinews for RTI activists

Create email alerts

Total subscribers: 208713
Advertisement
Vibhav Kant Upadhyay
ISL - Indian Super League 2014
Indian Super League Fixtures
Not finding what you are looking for? Search here.