Connect with us

Business

Arun Jaitey or Piyush Goyal: Who will grab FinMin Post after election results!

Published

on

Narendra Modi, Arun Jaitely, Piyush Goyal, Finance Minister, Lok Sabha election, Lok Sabha polls, Election results, Business news

New Delhi: Indian’s Prime Minister Narendra Modi if again voted to power for second tenure after Lok Sabha election results then to whom he will elect as next Finance Minister in his government.

It is might possible that India’s next Finance Minister Arun Jaitley is all set to retain his post if Prime Minister Narendra Modi wins 2019 election.

The FinMin, Jaitley gearing up to retain his post if Narendra Modi wins PM elections, as according to speculations he is winning the election results on Thursday.

 

Narendra Modi, Arun Jaitely, Piyush Goyal, Finance Minister, Lok Sabha election, Lok Sabha polls, Election results, Business news

 

But if his health deteriorates then Railways and Coal Minister Piyush Goyal will take his post.

No matter who becomes Finance Minister, Modi needs someone who can give new energy to country’s economy.

In recent years due to low oil price, the growth sputtered to a five quarter low of 6.6 percent at the end of 2018 and economist fears that it may worsen due to falling rural consumption demand and slowly rising fuel price.

Here is introduction regarding who will be next Finance Minister of India are given below:

 

Narendra Modi, Arun Jaitely, Piyush Goyal, Finance Minister, Lok Sabha election, Lok Sabha polls, Election results, Business news

Arun Jaitley: In past five years Jaitley served the Parliament Economic Legislation like nationwide goods and service tax. But the service tax weakens for two decades. Not only this, he also made efforts to end up Muslim instant divorce practice “Triple Talaq” in accommodation with the government.

 

To whom Narendra Modi will elect next Finance Minister after winning LS polls:

 

Having good relations with ruling and opposition lawmakers Jaitley is known for his effective speeches in and outside the Parliament. Keeping his importance in mind Modi gave him responsibility of three ministers as Jaitley join office.

Jaitley is a diabetic and due to his poor health he skipped interim budget in February as he was hospitalize in united state and was getting his cancer treatment. Last year his kidney was transplanted.

 

Narendra Modi, Arun Jaitely, Piyush Goyal, Finance Minister, Lok Sabha election, Lok Sabha polls, Election results, Business news

 

Piyush Goyal: This 54-year-old full of energetic person will might grab Finance Minister post as he has experience of holding this post twice, when Jaitely fell ill.

He also serves largest commercial bank- state Bank of India and Bank of Baroda.

Goyal is a trained Chartered Accountant. He also worked on last interim budget where he suggested tax cuts for salaried class if BJP wins this year’s election.

 

Narendra Modi, Arun Jaitely, Piyush Goyal, Finance Minister, Lok Sabha election, Lok Sabha polls, Election results, Business news

Madan Sabnavis, chief economist at care rating said “doesn’t matter who becomes Finance minister as all big decisions comes straight from Prime Minister”

He added that market will be more interested to see whether it is a NDA government or a non- NDA government referring to BJP alliance.

 

Business

UAE will be first Middle East country to issue RuPay card

Published

on

By

Dubai: The UAE will be the first Middle East country to launch the RuPay Card during Prime Minister Narendra Modi’s visit to the Gulf nation on Friday, according to a media report. The RuPay card is a first-of-its-kind Indian domestic Debit and Credit Card payment network, with acceptance at ATMs, POS devices and e-commerce websites. It was launched in 2012.

“A Memorandum of Understanding to establish a technology interface between the payment platforms in India and UAE, would be exchanged between the National Payments Corporation of India and UAE’s Mercury Payments Services,” Navdeep Singh Suri, the Indian Ambassador to the UAE, told the news agency.

“This will enable the RuPay card to be used at point-of-sale terminals across the UAE,” he said. “The UAE is the largest and most vibrant business hub in the region. It hosts the largest Indian community, receives the largest number of Indian tourists and has the largest trade with India. By becoming the first country in the region to introduce the RuPay card, we expect that each of these elements of tourism, trade and the Indian diaspora will benefit,” Suri said.

India has already launched the RuPay card in Singapore and Bhutan. Prime Minister Modi’s third official visit to the UAE on August 23-24 is another important milestone in the bilateral comprehensive strategic partnership, the Indian envoy said. During the visit, Modi will receive the ‘Order of Zayed’, the highest civil decoration of the country for “giving a big boost to bilateral relations between the two countries.” Modi would also meet the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan to discuss bilateral, regional and international matters of mutual interest. The India-UAE bilateral trade touched almost $60 billion last year with a fairly balanced profile of about $30 billion of exports and $30 billion of imports, the envoy said.

Continue Reading

Trending