Finance minister P. Chidambaram will be India’s new home minister, after Shivraj Patil resigned following the Mumbai attacks. Prime Minister Manmohan Singh will take over the finance portfolio for now, the government said on Sunday. Analysts react to the change.
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“I don’t know whether it will be such a big change because, of late anyway the Prime Minister has been taking a hands-on approach to economy ever since the G-20 summit.
Whatever steps the government has been taking in response to the global crisis, it has been a combination of finance ministry, Planning Commission and the Prime Minister’s Office.”
-A. Prasanna analyst, ICICI Securities Ltd
Graphics by Paras Jain / Mint