Piyush Goyal back as interim Finance Minister, to present interim Budget

Business Standard Piyush Goyal back as interim Finance Minister, to present interim Budget

This is the second time in eight months when Goyal will be stepping in for Jaitley

Intrim Budget 2019: With eight days to go before the Narendra Modi government presents its interim Budget on February 1, the Prime Minister on Wednesday entrusted Railway Minister Piyush Goyal with ministerial portfolios of finance and corporate affairs till Arun Jaitley comes back from the US. Jaitley underwent a surgery in the US on Tuesday. With doctors having advised him two weeks’ rest, Goyal is set to present the interim Budget — the final Budget of the Modiled government’s current tenure, which comes less than 90 days before the Lok Sabha polls and could contain key announcements.

According to a Rashtrapati Bhavan communique, issued at 8.55 pm, the President, as advised by the PM, directed that during the period of Jaitley's indisposition, the finance and corporate affairs portfolios, held by him, be temporarily assigned to Goyal. It said Goyal would continue to hold his existing portfolios: Railways and coal.

The communique stated that Jaitley “be designated as minister without portfolio during the period of his indisposition or till such time he is able to resume his work as minister of finance and minister of corporate affairs.”

According to a PTI report quoting sources, Jaitley underwent surgery at a hospital in New York on Tuesday. He has been advised at least two weeks’ rest by doctors, they added. Sources in the government said the PM took the decision to give the additional charge of finance ministry to Goyal after consultations with Jaitley.

This is the second instance in eight months when Goyal will be stepping in for Jaitley in the North Block-located finance ministry. Jaitley, 66, underwent a successful kidney transplant at New Delhi’s All India Institute of Medical Sciences (AIIMS) on May 14, 2018. He had been on leave since early April due to kidney-related problems and chest infection, and took charge of finance and corporate affairs ministries on August 23.

Goyal held temporary charge of the two ministries for 100 days in the interregnum, while Jaitley was a minister without a portfolio between May 14, 2018, and August 23, 2018...Read More