New Delhi: Finance Minister Nirmala Sitharaman will be presenting the Union budget for the current financial year on July 5, the government informed.
Sitharaman, 59, who was a commerce minister and briefly the junior finance minister in PM Modi’s first term, got the finance ministry job replacing Arun Jaitley, who opted out of this government due to ill health.
At present, she is the senior-most woman minister in PM Modi’s cabinet and the second woman to head the finance department after late former prime minister Indira Gandhi.
Meanwhile, recently released data revealed that the Indian economy grew at 5.8 percent in the January-March period, falling behind China’s pace for the first time in nearly two years, the unemployment rate rose to a multi-year high of 6.1 percent in the 2017/18 fiscal year.
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