In a historic event Narendra Modi assumed the office of PM
of India along with 44 colleagues.
The likely team of Modi had been a subject of intense
speculation over past 10 days.
Putting all speculations to rest, Narendra Modi presented a
team which is true to his style and thinking – less government more governance.
The team is young, experienced, representative and highly
political. We had argued in April in favor of politicians vs. technocrats (see
here).
We are delighted to report that there is no technocrat (except
Gen. V. K. Singh) in the Team Modi. And very bravely Modi has resisted
the internal pressure to accommodate old guards like Advani and MM Joshi.
KEY HIGHLIGHTS
Maximum number of women ministers in cabinet (six). A strong message.
One minster for Finance and Defence – This in our view is a
very well thought out strategy.
In recent past serious doubts have been raised about
preparedness of our defence. Lack of adequate budgetary support has been cited
as primary reason for that. An integrated view of finance and defence
will help overcoming shortcomings in Defence and improve the preparedness. A
key issue highlighted by Modi.
Besides politically it keeps CCS and CCPA confined to three
people. Expect faster and more coordinated decisions.
One minister for coal and power – No explanation needed for
this much desired move. Piyush Goyal is the best person as he understands the
financial and logistics intricacies well and is very well connected with the
industry.
Smriti Irani a young, deeply nationalist and incorruptible
face, getting HRD cabinet birth at age of 38yrs. The ministry has a budget of
Rs66k crores that is likely to increase substantially. A great move to connect
with youth.
V. K. Singh getting Independent charge of NE affairs and
support role to Sushma Swaraj in External Affairs. This is amazing and far
sighted. NE involves border dispute with China, water and infiltration
issues with Bangladesh and greater cooperation with ASEAN. Gen Singh with his
vast experience as Army officer, will be a great support to Sushma Swaraj
besides solving lots of NE problems. Remember no one is better versed with NE
terrain and problems than him.
Merging Law and telecom under one minister. Given the kind
of legal problems faced by critical telecom sector, this might help preempting
most of the problems and solving crucial pending issues like Vodafone.
Highlighting Ganga Cleaning, River integration in ministry
formation is also a commendable move.
Least representation to BJP stronghold Rajasthan, Gujarat,
MP and Chhattisgarh highlights the confidence and ability of Modi to seek
sacrifice from his supporters. He seems to have negotiated well with allies
also.
The minister seems to be above from caste and religious
considerations.
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