Finance minister Arun Jaitley said on Tuesday that he would focus on bringing down fiscal deficits and tackling high inflation in Asia's third-largest economy. Jaitley, will head finance and defence ministries.
In a restructuring of his cabinet, Prime Minister Narendra Modi on Tuesday combined 17 related ministries into seven different groups, including some infrastructure departments, in an apparent bid to ensure synergy and better results.
The setting was majestic – in the heart of New Delhi, in the precincts of the complex that embodies the essence of the Indian Republic, Rashtrapati Bhawan. The timing was perfect too – as the sun set, the past was left behind and a new regime took over.
Narendra Modi, who took oath as India’s 15th Prime Minister on Monday, ushered in significant changes in administration, dismantling existing structures by merging key ministries in an apparent attempt to bring in more synergy in governance and make decision making quicker and more efficient.
The regional bonhomie was in full display at the inaugural of PM Narendra Modi at the forecourt of the Rashtrapati Bhawan on Monday. And it continued into the private power dinner President Pranab Mukherjee hosted for the visiting leaders.