The Hindu Business Line : Report sees change in Finance Minister

Barclays Capital says in its research report that the current Finance Minister, Mr P. Chidambaram, will be replaced by Dr C. Rangarajan, the ex-chairman of the Economic Advisory Council to the Prime Minister, in the next few weeks.

“The appointment of Dr Subbarao (as RBI Governor) and the possibility of Dr Rangarajan being made the new finance minister, is a response, in our view, by the Prime Minister to embark with a fresh economics team to address the inflation problem and large off-budget subsidies…”, says the research report.

When contacted over telephone, the author of the report, Mr Sailesh K. Jha, Senior Regional Economist with Barclays Capital, told Business Line that “the change is imminent” and this was what he had gathered from his discussions with various policy makers in top echelon of the Government before he authored the report.

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