Modi 3.0 Cabinet: Nirmala Sitharaman retains finance ministry

Nirmala Sitharaman is lauded for her role in advancing second-generation economic reforms. She is credited with reviving the Indian economy hit by the notes ban, implementing the Goods and Services Tax (GST), and reducing the base corporate tax to 22% from 30%

Written By Deepak Upadhyay
First Published10 Jun 2024
BJP leader Nirmala Sitharaman with Prime Minister Narendra Modi after taking oath as Union Minister during the swearing-in ceremony, at Rashtrapati Bhawan
BJP leader Nirmala Sitharaman with Prime Minister Narendra Modi after taking oath as Union Minister during the swearing-in ceremony, at Rashtrapati Bhawan(Rahul Singh)

The Modi government on Monday allocated the portfolios to the Union ministers, with several leaders from the BJP retaining their ministries. Not only did Nirmala Sitharaman retain the Finance Ministry and Amit Shah the Ministry of Home Affairs, but also Rajnath Singh retained the Defence Ministry, S Jaishankar Ministry of External Affairs and Nitin Gadkari the Ministry of Road Transport and Highways.

This is Finance Minister Nirmala Sitharaman's third consecutive term in Prime Minister Narendra Modi’s cabinet. She was first inducted into PM Modi's cabinet in 2014 as the industry and commerce minister, and in 2017, she was shifted to the Defence portfolio.

Also Read | PM Modi 3.0: Portfolios allocated. Amit Shah gets home, Rajnath Singh defence, Manohar Lal gets power. Check list here

In 2019, after the general elections, when then finance minister Arun Jaitley was taken ill, Sitharaman was shifted to the Finance Ministry, and she became the first woman minister to head the finance portfolio for a full term.

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Sitharaman is lauded for her role in advancing second-generation economic reforms. She is credited with reviving the Indian economy hit by the notes ban, implementing the Goods and Services Tax (GST), and reducing the base corporate tax to 22%from 30%.

Also Read | Modi 3.0 Cabinet Live Updates: JP Nadda handed Health ministry; Chirag Paswan gets Food Processing

Born in 1959 in Madurai (Tamil Nadu), Sitharaman pursued her undergraduate studies in economics at Seethalakshmi Ramaswami College in Tiruchirapalli. Later, she moved to New Delhi to further her education, earning both a Master’s and a Master of Philosophy degree in Economics from Jawaharlal Nehru University. Her father, Narayan Sitharaman, worked for the Indian Railways, and her mother, Savitri, was a homemaker.

 

 

 

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