Tuesday, 31 July 2012

Cabinet reshuffle: Chidambaram back in Finance Ministry

DESIGNATION CHANGE: Finance Minister Chidambaram (top) and Home Minister Sushilkumar Shinde. Photo: The Hindu Photo Library/PTI

  • According to the announcement, Power Minister Sushilkumar Shinde is the new Home Minister in place of Mr. Chidambaram.
  • Corporate Affairs Minister M. Veerappa Moily was given the additional charge of Power Ministry, a Rashtrapati Bhawan communique said.
  • 66-year-old Chidambaram returns to the Finance Ministry after more than three-and-a-half years. He was moved from Finance Ministry to Home Ministry in December 2008 in the wake of Mumbai terror attacks with the task of strengthening the country’s security.
  • The reshuffle of portfolios had been necessitated by the exit of Pranab Mukherjee, who held the portfolio of Finance Ministry before getting elected as the President.
  • Mr. Mukherjee resigned as the Finance Minister on June 26 and since then the Prime Minister himself was looking after the portfolio.

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