Modi surprises markets by naming Sitharaman as India's finance minister


  • World
  • Friday, 31 May 2019

FILE PHOTO: Amit Shah, President of India's ruling Bharatiya Janata Party (BJP), addresses supporters during a public rally at Bhaat village on the outskirts of Ahmedabad, India October 16, 2017. REUTERS/Amit Dave

NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi on Friday surprised markets by naming Nirmala Sitharaman, formerly the country's defence minister, as the next finance minister at a time when Asia's third-largest economy is stuttering.

Amit Shah, chief of the Hindu nationalist Bharatiya Janata Party (BJP), was appointed as the minister of home affairs, giving him responsibility for internal security with a control over the federal police.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Indonesian volcano eruption forces evacuations, airport closure
Croatian ruling party wins polls, prepares for talks on forming government
India's election officials climb hills, ford rivers to reach voters
3,000-member revenge porn group had underage victims, US officials say. Creator arrested
Flooded UAE counts cost of epic rainstorm, airport still facing disruptions
Parents find camera disguised as phone charger in girl’s room, US cops say. Man charged
Germany arrests two for alleged military sabotage plot on behalf of Russia
What to do if your personal info has been exposed in a data breach
AI-generated child pornography is circulating. This US prosecutor wants to make it illegal.
Study links excessive Internet use to teen school absence risk

Others Also Read