Nirmala Sitharaman is an Indian politician with the Bharatiya Janta Party (BJP), and has served as Minister of Finance and Minister of Corporate Affairs since 2019 (this is as of March 2024). In the first Modi government, Sitharaman served as the Minister of Defence between 2017 and 2019, thereby becoming India’s second female defence minister and the second female finance minister after Indira Gandhi, and the first full-time female minister to hold each of those portfolios.
Sitharaman first joined the BJP in 2004 and was appointed party spokesperson six years later. She was first elected to the Rajya Sabha in 2014. While presenting her first budget, she made a statement by replacing the traditional budget briefcase with a ‘bahi-khata’ with the National Emblem to carry the speech and other documents.
“If corporate India and the stock markets want stability, and Prime Minister Narendra Modi wants someone who unquestioningly follows his directions, then she is the right person for the job.”
That is the subheading, and also second paragraph of the article.
Lord Ganesha on a bicycle! When did Modi and stable economics become congruent with each other?!
No….no….wait. I got that wrong. My apologies. The author was merely referring to stability for the stock markets and corporate India. For which he is very correct. Yes. Blindly following Modi will do adequately for that.
Next is ” It’s easy — and unfair — to judge a finance minister by the performance of the overall economy.”
The Minister and her ministry of Finance and Economic Affairs should not be judged critically for the lopsided performance of the composite national economy, for the record levels of profits achieved by banks despite their not having made any efforts for that, for the misdeeds of the enforcement authorities which happen to be directly under her, for the unreliability of available economic data, and …?!
No, no…my apologies again. I read that wrong too. The blame ultimately lies with the Prime Minister.
What! That puts Lord Ganesha behind bars!!
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The author has achieved the remarkable for ThePrint. We, its readers, now know what we are supposed to know far ahead of all that he will ever write. This too is now Lulu Land where is no real reading needed to be done. Which is such a relief. The poll results had me worried that I might need to put my brains back to work.
Trickle down is not working. What would u say on the rising economic inequality. This govt is an overall failure. Nirmala is just working to ensure the inequality only increases. India is a case study when it comes to inequality. India needs trickle up.
Modi is misreading the signal of 2024 verdict. I thought BJP would be more agile. Even the thought of poor getting loans and money in the pocket of poor makes useless and fake science based economists uncomfortable. Economists, pseudo intellectuals, feel awkward and counter intuitive when the status quo of rich getting richer is challenged.
The bank mafia wants poor people money to provide dirt cheap loans to the rich in the name of convenience. The mafia harass common man for even simple loans from their own money. They don’t want services like Paytm etc, which democratises financial services, to thrive. The bank mafia is a clever device to siphon off money from poor to the rich. Writing off loans is termed as balance sheet improvement of public sector banks. While making ensure that enough NPAs is continuously being created in the name of crony Adani.
We need revolutionary ideas of liberal capitalism in India. The American way is not working in India, clearly. The way this govt is working is nothing but a lazy ass way of working. Corporate tax is not the key for attracting investments, Purchasing power and gross profits are. Purchasing power can only be increased by investing in human capital, effective education, and real skill development.
The only thing overall good in this government is that they build roads better than Congress.