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

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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.

 

Automobile

Electric vehicle prices drop sharply as FAME II subsidy changes announced by the government

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In order to make electric two wheelers affordable, the Government of India has changed the FAME II subsidy in the country. Doing so will make it easier to promote rapid adoption and manufacture of electric vehicles in India. However, for the past few days, we are continuously telling you about the benefits of this subsidy, how all the companies are cutting the price of their EVs one after the other. On the same lines, the price of Hero Optima HX has come down by up to Rs 15,600.

The Optima HX dual-battery variant is now priced at Rs 58,990, ex-showroom (India). Which was earlier 74,660 for the Optima HX Dual Battery. At the same time, the price of the single battery variant of this scooter has now gone up to Rs 53,600, which was Rs 61,640 earlier. If you are interested in buying this scooter, then you can book online for the Optimax HX electric scooter with a token amount of Rs 2,999 on the company’s website.

The FAME II scheme was launched in 2019. The vehicles to be subsidized under this scheme must have a driving range of at least 80 km. However, the top speed of these vehicles was limited to 40 kmph. In the newly revised scheme, the subsidy amount has been expanded for electric two-wheelers that meet the previous criteria. Where earlier the government had announced a subsidy amount of 10,000 per kWh. At the same time, 50% more subsidy is being provided at 15,000 per kWh under the new FAME II scheme.

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