Accordingly Nirmala Sitharaman has been assigned the important portfolio of Finance along with Corporate Affairs. Reportedly Sitharaman, who was the first woman to be made the full-time Defense Minister of india, is now the first woman to be a full time Finance Minister of the country. Meanwhile she is the second woman to hold the Finance portfolio after indira gandhi held the additional charge of Finance when she was Prime Minister in 1970-71.
Furthermore sixty year old Nirmala Sitharaman takes charge of what is perhaps the most important ministry at a time when the country is reeling from economic slowdown, a slump in consumption and rising unemployment. Furthermore before becoming the Defense Minister in the previous modi government, Sitharaman served as the Minister of State for Finance and Corporate Affairs. She was born on August 18, 1959, in Madurai, Sitharaman has a master’s degree in economics from jawaharlal nehru University and has also worked with PricewaterhouseCoopers in London, apart from also working as an assistant to Economist in the Agricultural Engineers Association, London. She has also briefly worked with BBC World Service.
Moreover as the Defense Minister, Sitharaman has driven several policy changes, which include the new defense manufacturing policy and defense industrial corridors in the states of Tamilnadu and Uttar Pradesh.
