New Delhi: Arun Jaitley took charge of the finance ministry portfolio today and assured expediting decision making process over the next two months.
“…the political change itself sends a strong signal to the global community itself as also the domestic investors and I think over the next two months by expediting decision making processes, am sure we will be able to build on that,” Jaitley told reporters soon after reaching his new office at North Block.
Jaitley said he is only temporarily holding the charge of defence ministry.
“For a transient phase, I’ll be looking after ministry of defence also but that’s only an additional charge till there’s an expansion in cabinet itself,” he said.
The finance minister also said he is aware of the challenges facing the economy currently.
Am conscious of the fact that am taking over at a very challenging time particularly when there is a need to rebuild the confidence of the Indian economy. The challenges are very obvious.
We have to restore back the pace of growth, contain inflation, and obviously concentrate on fiscal consolidation itself,” he said.
He also said the entire economic policy of the new government will be spelt out in the next few days.
On the issue of inflation and growth, Jaitley said a “balancing act” will have to be done.