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Saturday
August 2019
5:32 AM IST
News Headlines
I find nets claustrophobic, prefer centre wicket for match simulation: Kohli        Rahane's 81 only saving grace in India 203 for 6 on day 1        No more dessert names, Google to officially call new OS 'Android 10'        Sensex, Nifty rebound on hopes of FPI tax rollback        Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi        Two Govt hospitals in Pak deny specialised ambulance facility to Sharif        UN, France raise concern over Amazon wildfires 'crisis'        INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter        Always said demonising Modi wrong: Singhvi        Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion        FM proposes measures to enhance fund flows for infra, housing projs        FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials        Vivek Oberoi to star in film on Balakot air strikes        It's better to get hit early and hard: Kohli on bouncers        Messi 'made me better player', says Ronaldo        Nirav Modi to appear via videolink for remand hearing in UK        Rupee slips 17 paise to 71.72 vs USD in early trade        US seeking balancing act in South Asia over Kashmir: Report        Pro-growth RBI minutes to cap yields; revives expectations for further policy easing        N Korea dismisses nuclear talks if US 'hostile military moves' continue        
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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.


No more dessert names, Google to officially call new OS 'Android 10'
Sensex, Nifty rebound on hopes of FPI tax rollback
Nirav Modi to appear via videolink for remand hearing in UK
Rupee slips 17 paise to 71.72 vs USD in early trade
SBI plans to establish nearly 10 lakh YONO Cash Points
Sensex tumbles 268 pts; Tata Motors tanks 9 pc
Huawei dismisses new suspension of 'unjust' US ban
Rupee hits fresh 6-mth low of 71.71; dives 28 paise
China lost 20 lakhs jobs in short period of time: Trump
Rupee plunges to over 6-mth low of 71.43; skids 29 paise
Ready to help J&K hold investment summit in Mumbai: Fadnavis
Credit demand subdued, economy needs stimulus: SBI Chairman
Trump says Apple will spend 'vast sums' in US
Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park
Sensex, Nifty edge higher on stimulus talks; post weekly loss
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Rupee slips 12 paise to 70.93 vs USD in early trade
Gaana looking to break-even in next 4-5 years
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
KERALA NEWS
Malayalam actor, film crew stranded in Himachal village
 Thiruvananthapuram: A 30-member film crew from Kerala, including award-winning actress Manju Warrier  
Ex-Deputy Commandant of AR camp held in connection with constable's death
"More flights to Kerala from Gulf countries during Onam"
Flood in Kerala: CM conducts aerial survey
INTERNATIONAL NEWS
Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi
 Islamabad: Pakistan on Friday said that despite tensions with India, it stands ready to open the Kar
Two Govt hospitals in Pak deny specialised ambulance facility to Sharif
UN, France raise concern over Amazon wildfires 'crisis'
US seeking balancing act in South Asia over Kashmir: Report
NATIONAL NEWS
INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter
 New Delhi: Congress leader and former union finance minister P Chidambaram was on Friday granted pro
Always said demonising Modi wrong: Singhvi
Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion
FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials
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