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May 2020
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News Headlines
Need to find a way to outlast Pujara in summer series: Cummins        La Liga can resume week of June 8 - Spanish Prime Minister        Extend loan automatically to all eligible borrowers without fear of 3Cs: FM to banks        Will try to restart international flights before August: Puri        Iran warns US not to interfere with Venezuela oil shipment        Sri Lanka to ease coronavirus restrictions from May 26        Coronavirus cases cross 10,000-mark in Ahmedabad, 24 deaths        Amphan toll rises to 85 in Bengal; protests over electricity, water supply        Prisoners aged above 60 to be released on emergency parole to decongest jail in Delhi        Record jump in COVID-19 cases, 137 more deaths        Bryant items fetch premium prices, Trout card sets record        Baseball players respond to MLB on virus protocols        RBI extends moratorium on loans for another 3 months till Aug        Sensex, Nifty turn choppy; RIL jumps on KKR deal        Quarantine must for domestic air travellers: Kerala govt        At least 57 killed in Pakistan passenger plane crash in Karachi        China introduces new security bill in parliament to tighten controls over Hong Kong        Trump lashes out at scientists whose findings contradict him        COVID-19 death toll climbs to 3,583 in India        Pak troops shell LoC areas in twin sectors of Poonch, Rajouri        
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Business News
Sitharaman: India's first woman FM; looks to steer economy out of slowdown
 
New Delhi: Nirmala Sitharaman Friday broke the glass ceiling again as she became the first full-time woman Finance Minister, who will present Modi 2.0 government's maiden Budget that should look to take out the country from slowing growth, create jobs, attract investments and tackle banking sector woes.

Sitharaman's first day in office was greeted by GDP growth rate slowing down to five-year low of 5.8 per cent in January-March quarter, slower than even China, and unemployment rate rising to 45 year high of 6.1 per cent in 2017-18.

Before she took charge of the Minister for Finance and Corporate Affairs, she drove to the official residence of her predecessor Arun Jaitley, who had opted out of the second term of Modi government on health grounds.

Peoples Democratic Party President Mehbooba Mufti in a tweet congratulated Sitharaman on her new role as Finance Minister. "As the first woman to helm this crucial portfolio full time, she's shattered the glass ceiling by all means".

The two-time Rajya Sabha MP, Sitharaman was the full-time woman Defence Minister in the Modi government's first term and in the second term she has been tasked with managing the Finance portfolio, which is considered the most important in the functioning of government after Home and Defence.

Prior to this, Indira Gandhi, as Prime Minister, held additional charge of Finance Ministry in 1970-71.

Rajya Sabha member from Karnataka, Sitharaman, 60, is considered to be a protege of Jaitley.

She had handled the Minister of State for Finance and MoS (independent charge) of Commerce Ministry when the Modi government came to power in 2014. Subsequently, in September 2017, she was appointed as Defence Minister of India. Even then, her predecessor in the ministry was Jaitley, who was handling the portfolios of Finance, Defence and Corporate Affairs.

Indira Gandhi also held the additional charge of Defence portfolio in 1970s.

Minister of State in the finance ministry Anurag Thakur also assumed charge.

Son of former chief minister Prem Kumar Dhumal, Anurag Thakur had won the Hamirpur constituency for the fourth time by defeating Ram Lal Thakur of the Congress by nearly four lakh votes, a record margin for the constituency.

44-year-old Thakur was also the president of the Board of Control for Cricket in India (BCCI) from May 2016 to February 2017. The Supreme Court had ordered his ouster as the BCCI president in January that year for trying to hinder the implementation of the Lodha reforms.

Born on August 18, 1959, in Madurai, Tamil Nadu, Sitharaman is an alumnus of Jawaharlal Nehru University and London School of Economics.

She did her Masters in Economics from Jawaharlal Nehru University, New Delhi.

Sitharaman served as an assistant to Economist in the Agricultural Engineers Association, UK in London. She subsequently worked as Senior Manager (Research and Analysis) with Price Waterhouse, London. During this time she also briefly worked with BBC World Service.

On her return to India, she served as Deputy Director of the Centre for Public Policy Studies at Hyderabad.

Sitharaman joined the Bharatiya Janata Party in 2008, and was made a member of the National Executive. She was nominated as party spokesperson in March 2010 and has been a full time party worker since then.


Extend loan automatically to all eligible borrowers without fear of 3Cs: FM to banks
Will try to restart international flights before August: Puri
RBI extends moratorium on loans for another 3 months till Aug
Sensex, Nifty turn choppy; RIL jumps on KKR deal
Rupee rises 13 paise to 75.67 against US dollar in early trade
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KERALA NEWS
Quarantine must for domestic air travellers: Kerala govt
 Thiruvananthapuram: Domestic flyers arriving in Kerala must undergo strict home quarantine as per th  
12 fresh COVID-19 cases in Kerala, total rises to 642
Central financial package lacks public healthcare initiatives: Kerala CM
29 fresh cases in Kerala; Over 67,000 under observation
INTERNATIONAL NEWS
Iran warns US not to interfere with Venezuela oil shipment
 Tehran: Iran's president on Saturday warned the United States not to interfere with a shipment of oi
Sri Lanka to ease coronavirus restrictions from May 26
At least 57 killed in Pakistan passenger plane crash in Karachi
China introduces new security bill in parliament to tighten controls over Hong Kong
NATIONAL NEWS
Coronavirus cases cross 10,000-mark in Ahmedabad, 24 deaths
 Ahmedabad: Coronavirus cases in Ahmedabad crossed the 10,000-mark and rose to 10,001 after 277 new p
Amphan toll rises to 85 in Bengal; protests over electricity, water supply
Prisoners aged above 60 to be released on emergency parole to decongest jail in Delhi
COVID-19 death toll climbs to 3,583 in India
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