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India On Media |
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| Politics
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| Pranab Mukherjee to resign today; |
| Pranab Mukherjee to resign today; who will take over?
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| INDIA
, 26-June-2012
2:7:59 AM |
| It's a packed day as usual for the Finance Minister. He will leave home for his North Block office shortly and has a series of meetings there till late in the afternoon. Then, Pranab Mukherjee is expected to meet the Prime Minister and resign. He is the UPA's candidate for the post of President of India and is likely to be the next resident of Rashtrapati Bhawan.
The government seems to have addressed its immediate task at hand - finding a replacement. Sources say it will be Prime Minister Manmohan Singh who will keep the crucial Finance portfolio at a time when the Indian economy is going through one of its most fragile moments. The buzz is that such a step will send out a strong signal of confidence to the global community that the economy is in safe hands.
There has been a clamour from many quarters for a change in the Finance Ministry, Mr Mukherjee having faced flak for several decisions where politics seemed to overwhelm economic imperatives. The government has to shake off the policy paralysis tag, urgently stem the slide of the Rupee, get the fundamentals of the economy to look up and get back investor confidence. A despondent India Inc has sent repeated SOS' for some tough decisions
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