Union finance minister, Pranab Mukherjee submitted his resignation to Prime Minister Manmohan Singh to end his occupation as Congress leader ahead of filing the nomination for the presidential appointment for which he is a obvious preferred. The PM is probable to keep the ministry in the future throughout which he is broadly expected to pinch policies seen as contributing to unenthusiastic feeling. Indian President Pratibha Patil received Mukherjee’s resignation.
The PM. Manmohan Singh will look following the work of the finance ministry even as power minister Sushilkumar Shinde is the likely substitute for Mukherjee’s additional key position as the leader of the Lok Sabha. Manmohan Singh is in no doubt to look at new ideas to contract with the hold up and small market sentiment under Mukherjee’s watch.
Numerous in the party vision home minister P Chidambaram as the leader for the position in the finance ministry. except shifting Chidambaram to the finance ministry will make its own place of complications, send-off the leadership with the complicated duty of finding a substitute in the politically vital home ministry.
This be able to place the phase for a better Cabinet rejig, a option necessitated as much by the probable require to discover a fulltime substitute for Mukherjee as by the job triggered by Virbhadra Singh’s resignation as little, micro and small enterprises minister on Tuesday over graft charges.