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India names new finance minister
 
August 01, 2012
 
 
India names new finance minister

NEW DELHI (AFP) - Indian Home Minister P. Chidambaram was switched to the finance portfolio on Tuesday in a minor reshuffle that also saw the power minister promoted as a massive electricity failure struck the country. The president’s office announced that Chidambaram would begin his third stint as the head of the finance ministry, where he will be charged with re-firing India’s spluttering economy. He will be replaced at the home ministry by Power Minister Sushilkumar Shinde, who spent Tuesday tackling an unprecedented and embarrassing electricity outage that saw supplies fail in half the country, affecting more than 600 million people.

 
 
on epaper page 8
 
 
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