Guest World News Posted May 27, 2014 Share Posted May 27, 2014 By Douglas Busvine and Rajesh Kumar Singh NEW DELHI (Reuters) - Hardened by a term in prison as a student leader and polished over a career as a successful and urbane courtroom lawyer, Arun Jaitley, India's new finance minister, could prove an effective foil for Prime Minister Narendra Modi. The 61-year-old has also been given the important portfolio of defense, making him the most powerful member of Modi's cabinet. Yet, he lost his parliamentary seat in the general election, one of the few blots on an otherwise stunning victory for the Hindu nationalist Bharatiya Janata Party (BJP) that has swept to power with its first-ever parliamentary majority. Finance is arguably the most crucial portfolio in Modi's new government as it seeks to drag India out of its economic torpor and create enough jobs for the 10 million young people who join the workforce each year. Continue reading... Quote Link to comment Share on other sites More sharing options...
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