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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.

 

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Walmart chief seeks stable business environment from PM Modi

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New Delhi: Walmart chief executive Doug McMillon has written to Prime Minister Narendra Modi, seeking certainty and predictability in India’s business environment, people familiar with the matter said.

McMillon also highlighted Walmart’s commitment to India, including investments to empower small and medium enterprises, global sourcing from the country and job creation. He also praised Modi for India’s improvement in the Ease of Doing Business Ranking.

PM Modi and the Walmart Chief Executive met on September 25 during the former’s visit to the US.

The letter comes at a time when a body of small traders, which has been accusing Flipkart and Amazon of “unfair business practices” and violation of FDI rules, has stepped up its opposition against the foreign-owned marketplaces, blaming predatory pricing by the two companies for a slump in the businesses of traditional retail during the ongoing Diwali season.

On Monday, the Confederation of All India Traders claimed that Amazon and Flipkart together generated total business worth Rs 19,000 crore in their four-day mega sales events earlier this month.

Last week, commerce minister Piyush Goyal said the government was probing Flipkart and Amazon for any predatory pricing.

Last year, Walmart India said it would invest about $500 million to open another 47 stores by 2022. Walmart India’s business is membership-based and counts more than one million members, the majority of whom are small resellers and kiranas (mom-and-pop stores). The retailer already sources a bulk of items from smallholder farmers and regional suppliers. It’s been in India since 2009.

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