Jaitley takes charge in Finance Ministry; Fiscal consolidation and inflation high on agenda
Union Minister Arun Jaitley who today took charge of the Finance ministry, a day after his induction in the Narendra Modi Cabinet, has made it clear that he was taking over the finance portfolio at a challenging time and fiscal consolidation and inflation would be high on his agenda. A beaming Jaitley, who has been given additional portfolio of Defence, said they would work to restore pace of growth, bridle inflation and concentrate on fiscal consolidation.
On repeated queries about defence, Mr Jaitley minced no words in saying that the defence ministry charge was temporary till there was an expansion in Cabinet itself.
"For a transient phase, I will be looking after the Defence ministry also, but that is only an additional charge till there is an expansion in Cabinet," he said.
RBI Governor Raghuram Rajan was one of the senior officials who met Mr Jaitley today. After the meeting, Mr Rajan said a host of issues were discussed in the meeting.
(Posted on 28-05-2014)