The Ministers are here. We have a cabinet and ministers of state now, and the portfolios are given in the PM India web site:
Portfolios of the Union Council of Ministers
Prime Minister |
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1 | Shri Narendra Modi | Personnel, Public Grievances and Pensions Department of Atomic Energy Department of Space All important policy issues and all other portfolios not allocated to any Minister |
Cabinet Ministers |
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1 | Shri Raj Nath Singh | Home Affairs |
2 | Smt. Sushma Swaraj | External Affairs Overseas Indian Affairs |
3 | Shri Arun Jaitley | Finance Corporate Affairs Defence |
4 | Shri M. Venkaiah Naidu | Urban Development Housing and Urban Poverty Alleviation Parliamentary Affairs |
5 | Shri Nitin Jairam Gadkari | Road Transport and Highways Shipping |
6 | Shri D.V. Sadananda Gowda | Railways |
7 | Sushri Uma Bharati | Water Resources, River Development and Ganga Rejuvenation |
8 | Dr. Najma A. Heptulla | Minority Affairs |
9 | Shri Gopinathrao Munde | Rural Development Panchayati Raj Drinking Water and Sanitation |
10 | Shri Ramvilas Paswan | Consumer Affairs, Food and Public Distribution |
11 | Shri Kalraj Mishra | Micro, Small and Medium Enterprises |
12 | Smt. Maneka Sanjay Gandhi | Women and Child Development |
13 | Shri Ananthkumar | Chemicals and Fertilizers |
14 | Shri Ravi Shankar Prasad | Communications and Information Technology Law and Justice |
15 | Shri Ashok Gajapathi Raju Pusapati | Civil Aviation |
16 | Shri Anant Geete | Heavy Industries and Public Enterprises |
17 | Smt. Harsimrat Kaur Badal | Food Processing Industries |
18 | Shri Narendra Singh Tomar | Mines Steel Labour and Employment |
19 | Shri Jual Oram | Tribal Affairs |
20 | Shri Radha Mohan Singh | Agriculture |
21 | Shri Thaawar Chand Gehlot | Social Justice and Empowerment |
22 | Smt. Smriti Zubin Irani | Human Resource Development |
23 | Dr. Harsh Vardhan | Health and Family Welfare |
Ministers of State |
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1 | General V.K. Singh | Development of North Eastern Region (Independent Charge) External Affairs Overseas Indian Affairs |
2 | Shri Inderjit Singh Rao | Planning (Independent Charge) Statistics and Programme Implementation (Independent Charge) Defence |
….. |
This is an interesting council of ministers, and the most important for Capital Mind is Arun Jaitley, who will run the finance ministry.
He has stated he’ll try to restore growth, reduce inflation and cut the fiscal deficit. But not in what order.
We hope this government will:
- Remove gold import curbs to rein in smuggling
- Rationalize taxes, remove exemptions and make things easier
- Sell public sector holdings
- Reduce friction in the labour act
- Enforce law, and cut court times by expanding judicial reach
- Reduce monetary inflation in some way
- Introduce bills to make the rupee freely convertible
- Increase the amount of rupee debt that can be owned by foreigners
- Create a single KYC regime across all types of investments
- Reduce the impetus given to housing and give it to manufacturing instead
- Allow investment companies with capital of less than 10 cr. to exist without being classified as NBFCs, thus promoting “friends and family” investment companies (limited to 10 shareholders)that can promote entrepreneurship or invest in the stock or debt markets
- Provide an open data reporting concept across all financial elements of the government – rules such as compulsory XBRL releases, data released in CSV format (not PDF) etc.
Yes, these are generic. But you’ll notice how at Capital Mind we have talked about this for years. We’re happy to provide detailed inputs on how each of these points can be made possible. But we’re also sure we won’t be asked!