Monday, March 23, 2009

Next Finance Minister

In the UPA led government, Chidambaram was the finance minister for the first four years and in the final year he was moved to the Home Ministry to replace Shivraj Patil. Manmohan Singh took control of Finance minstry before he was hospitalized for his surgery. At this moment, Pranab Mukherjee was made as the caretaker PM. In the final year budget / vote on account of UPA, Pranab Mukherjee was entrusted to finalize and deliver the budget.

My question is here, why was Chidambaram not asked to take control of Finance Ministry in the absence of Manmohan Singh ? My explanation is simple. He was there for four years and presenting a vote on account a.k.a populist budget is simple and staright forward.

The counter explanation to my question is, the care taker PM inherited all the portfolios that PM was entrusted with. Pranab Mukherjee has to deliver the budget as FM as a virtue of inheritance.

If this was the counter explanation, my next question is, when the global economy is shrinking and there is fear of recession, why there is no full time PM ? We all know that Pranab Mukherjee is overloaded with different tasks, why Finance Ministry was handed over to him?

The one person who will have answer to my question on full time Finance Minister is : Sonia Gandhi.

The next question is who will be the next finance minister after 2009 elections ?

If NDA forms the government, Arun Shourie or Jaswant Singh may become FM.

If UPA forms the government, Montek Singh Ahluwalia may become FM. This depends on whether Left joins UPA or not. If Left is there in UPA, things are difficult for Montek. If Left joins, may be Chidambaram would become the FM again.

If 3rd front emerges and left joins the government, then Asim Das Gupta may possibly become FM. I do not see any other distinguished person from the regional parties to handle the finance ministry.

There is also one more person who is capable of handling FM but noone will ever trust him. That is the curse of Dr.Subramanyan Swamy.

2009 may not be year for Raghuram Rajan but the days are soon for him to become FM of India. I assume that he still has the Indian Citizenship.


Blogger Kannan Ganesan said...

My Friends from Bengal did not like the choice of Asim Das Gupta...Nirupam Sen is another Left candidate for Finance Minister...

I forgot anoother candidate from Congress...SM Krisha as Finance Minister

March 24, 2009 11:12 PM  

Post a Comment

Links to this post:

Create a Link

<< Home