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In a significant <keyword id="20359239" type="General" weightage="20" keywordseo="political-development" source="keywords">political development</keyword>, <keyword id="19969165" type="General" weightage="20" keywordseo="Atishi" source="keywords">Atishi</keyword> is poised to become the next Chief Minister of Delhi, following the resignation of Arvind Kejriwal. The <keyword id="19935664" type="General" weightage="20" keywordseo="Aam-Aadmi-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Aam Aadmi Party" meta.hostid="261" meta.entityid="Aam Aadmi Party">Aam Aadmi Party</keyword> (AAP) convened a legislative meeting earlier today, where all MLAs unanimously accepted Kejriwal's proposal to nominate Atishi for the top post. <h2>Who is Atishi?</h2>Atishi Marlena, widely known as Atishi, is a prominent figure within the AAP and currently holds multiple key portfolios in the <keyword id="19925995" type="General" weightage="20" keywordseo="Delhi-government" source="keywords">Delhi government</keyword>. A Rhodes scholar, she has long been a key architect of AAP’s <keyword id="20374249" type="General" weightage="20" keywordseo="education-reforms" source="keywords">education reforms</keyword> in Delhi, which transformed the public schooling system and gained national attention. Her work has earned her recognition as a progressive leader committed to enhancing education, governance, and <keyword id="20228723" type="General" weightage="20" keywordseo="public-welfare" source="keywords">public welfare</keyword>. Atishi has served as a Delhi MLA, representing the Kalkaji constituency, and has been an essential part of the Kejriwal-led government. She took on many responsibilities when Kejriwal was jailed in connection with the excise policy case, and her reputation for efficiency and dedication helped solidify her as a strong contender for the chief ministerial position. <div type="Article" hostid="261" msid="113312516" title="Supreme Court grants bail to Chief Minister Arvind Kejriwal in Liquor scam case" mstype="2" mssubtype="0"></div><h2>Kejriwal’s resignation and resultant suspense</h2>The sequence of events leading to Atishi's ascension began with Arvind Kejriwal's sudden announcement that he would resign as Delhi’s Chief Minister. On September 13, 2024, Kejriwal was released from Tihar Jail, where he was lodged for his alleged involvement in the Delhi liquor policy scam. Following his release, Kejriwal took to the public platform to declare that he would step down, pending a “certificate of honesty” from the people of Delhi. In a political gambit that stunned many, Kejriwal pushed for advancing the polls to November 2024, ahead of the originally scheduled February 2025 elections. His rationale was that only a fresh mandate from the people, whom he asked to consider his honesty as the deciding factor, would validate his return to power. Until then, he vowed not to reassume the office of Chief Minister. "I didn't resign (after arrest in excise policy case) because I respect democracy and the Constitution is supreme for me," Kejriwal had said earlier. <div type="Article" hostid="261" msid="113364559" title="Delhi CM Arvind Kejriwal announces resignation, demands Delhi elections in November" mstype="2" mssubtype="0"></div>Kejriwal’s resignation prompted a flurry of activity within AAP, as speculation mounted about who would succeed him. The party’s Political Affairs Committee (PAC) and other senior leaders, including Manish Sisodia, Saurabh Bharadwaj, and Gopal Rai, held several rounds of discussions. Names floated for the role included Atishi, Gopal Rai, Kailash Gahlot, Saurabh Bharadwaj, and even Kejriwal’s wife, Sunita Kejriwal. Some sources hinted that a surprise candidate from a minority community could also emerge. However, Atishi was always seen as the frontrunner. She holds a majority of the key portfolios in the Delhi government and was handpicked by Kejriwal to unfurl the national flag on August 15 while he was in jail — a symbolic gesture that hinted at her growing political stature within the party. <h2>Atishi’s nomination and the path ahead</h2>The AAP legislative meeting, held at Kejriwal’s residence earlier today, saw Atishi’s nomination as the new Chief Minister of Delhi. The decision was unanimously accepted by all AAP MLAs, with Kejriwal personally proposing her name. Once Kejriwal officially tenders his resignation later today, Atishi will likely meet Lieutenant Governor VK Saxena to stake her claim for the CM’s office. It is expected that Atishi will not take the oath of office immediately, as the process involves proving majority on the floor of the Delhi Assembly and appointing a new council of ministers. Sources suggest that the swearing-in ceremony may take place closer to the next Assembly session. Atishi’s rise to the Chief Ministerial post comes at a time of political turbulence for AAP. Kejriwal’s resignation, driven by his desire to restore his public image following his incarceration, has put the party in a precarious position. The opposition <keyword id="14666" type="General" weightage="20" keywordseo="bjp" source="Orion">BJP</keyword> has termed Kejriwal’s resignation a "PR stunt" aimed at deflecting attention from the corruption charges. Atishi, with her track record of governance and public service, represents a fresh face for AAP, one that can potentially rejuvenate the party’s image. She will need to navigate a host of challenges, including the corruption allegations surrounding Kejriwal and the upcoming elections. Whether she will be able to maintain the party’s grip on Delhi or lead it to a new electoral victory remains to be seen. (With inputs from agencies)

Atishi set to become Delhi's new Chief Minister as Arvind Kejriwal steps down months before the assembly elections

A week into the unprecedented <keyword id="3365925" type="General" weightage="20" keywordseo="political-crisis" source="Orion">political crisis</keyword> that threatens the survival of Maha Vikas Aghadi government, <keyword id="13126" type="General" weightage="20" keywordseo="Maharashtra" source="Orion">Maharashtra</keyword> Chief Minister Uddhav Thackeray on Monday stripped all the <keyword id="14299562" type="General" weightage="20" keywordseo="nine-rebel-ministers" source="Orion">nine rebel ministers</keyword> of their portfolios and allocated them to other existing ministers. The decision was taken in public interest to ensure a smooth functioning of all departments and not hinder the decision-making process in view of the absence of the five cabinet ministers and four ministers of state, according to Thackeray. The work of the departments belonging to the concerned <keyword id="2490053" type="General" weightage="20" keywordseo="rebel-ministers" source="Orion">rebel Ministers</keyword> and Ministers of State has been handed over to the existing Ministers and Ministers of State, till further orders, said the CMO. The rebel group's leader and Minister Eknath Shinde's Urban Development, Public Works (Public Enterprises) have been allocated to Minister Subhash Desai, Minister Gulabrao Raghunath Patil's Water Supply and Sanitation Department goes to Anil Dattatraya Parab, Minister Dadaji Dagdu Bhuse's Agriculture and Ex-Servicemen Welfare Department and Minister Sandipan Asaram Bhumare's Employment Guarantee Scheme &amp; Horticulture have been given to Minister Shankar Yashwantrao Gadakh, Minister Uday Samant's Higher &amp; Technical Education Department goes to Minister Aditya Thackeray. Similar changes have been affected for the Ministers of State -- who are currently not attending to duties since a week -- and their departments have been passed onto existing MoSs till further orders. An official said that the Chief Minister may direct any other Minister to carry out all or any of the duties in the absence of any minister when it is not possible to carry out his duties due to illness or any other reason as per the Government of Maharashtra rules. The development came soon after a PIL was filed before the Bombay High Court seeking 'return to duty' of all the rebel Ministers -- currently camping in Guwahati -- and directions to the Chief Minister and others to "submit detailed plan of assurance" mentioning the process of governance in the absence of so many Ministers. SEE ALSO: <a href="https://www.businessinsider.in/india/news/the-winds-of-change-are-changing-the-fortunes-of-indian-farmers/articleshow/92487685.cms">The winds of change are changing the fortunes of Indian farmers</a> <a href="https://www.businessinsider.in/india/news/agnipath-scheme-rocks-bihar-assembly-opposition-calls-it-pms-dictatorial-step/articleshow/92488610.cms">Agnipath scheme rocks Bihar assembly; opposition calls it PM's dictatorial step</a>

Maha crisis: CM strips the portfolios of nine rebel ministers

<keyword id="58371" type="General" weightage="20" keywordseo="Udhayanidhi-Stalin" source="Orion">Udhayanidhi Stalin</keyword>, <keyword id="15780289" type="General" weightage="20" keywordseo="son-of-Chief-Minister-M-K-Stalin" source="Orion">son of Chief Minister M.K. Stalin</keyword> was sworn-in as a minister in his father's cabinet on Wednesday. <keyword id="20154" type="General" weightage="20" keywordseo="tamil-nadu" source="Orion">Tamil Nadu</keyword> Governor R.N. Ravi administered the oath office to him. The swearing-in ceremony was held at Durbar Hall and was attended by several dignitaries. All senior ministers of the <keyword id="60930" type="General" weightage="20" keywordseo="stalin" source="Orion">Stalin</keyword> cabinet were present during the ceremony. The junior Stalin took the oath of office in Tamil. Udhayanidhi will be the third generation from the Karunanidhi family to become a minister in Tamil Nadu after his late grandfather 'Kalaignar' Karunanidhi and father M.K. Stalin. Udhayanidhi, a movie actor and producer was elected from the Chepauk Assembly constituency which was represented by his late grandfather, Kalaignar Karunanidhi in the 2021 Assembly elections with a huge majority. The young scion of the Karunanidhi family is likely to get the Sports and Youth Affairs portfolio along with the portfolio of programme implementation. With Tamil Nadu moving ahead in implementing several sports hubs, Udhayanidhi is likely to get the responsibility in implementing this. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/us-to-issue-64716-additional-h-2b-visas-for-fiscal-year-2023/articleshow/96214720.cms" style="">US to issue 64,716 additional H-2B visas for fiscal year 2023</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/indias-jet-set-heres-how-billionaires-earned-lost-and-donated-in-2022/articleshow/96206744.cms" style="">India’s jet-set: Here’s how billionaires earned, lost and donated in 2022</a>

Udhayanidhi Stalin sworn-in as minister in Tamil Nadu

Bihar Chief Minister Nitish Kumar inducts a new cabinet — Here’s the full list of cabinet ministers and their portfolios

<h2 style="line-height:1.38;margin-top:18pt;margin-bottom:6pt;"> </h2>Narendra Modi, who led the BJP-led National Democratic Alliance (NDA) to a spectacular victory in the 2019 Lok Sabha elections, on Thursday took oath as the Prime Minister. President Ram Nath Kovind administered the oath of office and secrecy in Hindi to Modi at a ceremony attended by thousands of people at the forecourt of Rashtrapati Bhavan Sushma Swaraj, Suresh Prabhu, V.K. Singh, Mahesh Sharma, Jayant Sinha and Rajyavardhan Singh Rathore were among the Union Ministers missing from the dais for ministers to be inducted in the new Modi government. Hours after Prime Minister Narendra Modi and his 57-member council of ministers were sworn in by President Ram Nath Kovind on Thursday, Here are the portfolio for Cabinet Minister is: <table style="border-width: initial; border-style: none; background-color: rgb(255, 255, 255); font-size: 16px; line-height: 1.6em; box-shadow: none; width: 1023.33px; font-family: Merriweather; padding-bottom: 10px !important; background-image: inherit !important; background-position: inherit !important; background-size: inherit !important; background-repeat: inherit !important; background-attachment: inherit !important; background-origin: inherit !important; background-clip: inherit !important;"><tbody><tr><td style="border-width: 1px 0.742187pt 0.742187pt; border-style: solid; border-color: rgb(221, 221, 221) rgb(197, 197, 197) rgb(197, 197, 197); padding: 4pt 6pt; font-size: 16px; vertical-align: top;">Modi Cabinet 2.0: List of new Council of Ministers 2019</td></tr></tbody></table> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"></td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Portfolio </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Cabinet Ministers </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Home Affairs </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Amit Shah </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Defence </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Rajnath Singh </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Ministry of Road Transport and Highways </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Nitin Gadkari </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Finance and Minister of Corporate Affairs </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Nirmala Sitharaman </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Women and Child Development and Minister of Textile </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Smriti Irani </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of External Affairs </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">S Jaishankar </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Law and Justice, Minister of Communications and Minister of Electronics and Information Technology </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Ravi Shankar Prasad </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Chemical and Fertilizers </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">D.V. Sadananda Gowda </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Food Processing Industries </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Harsimrat Kaur Badal </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Skill development and Entrepreneurship </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Mahendra Nath Pandey </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Arvind Sawant </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Parliamentary Affairs and Minister of Coal and Minister ofMines </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Prahlad Joshi </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Railways and Minister of Commerce and Industry </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Piyush Goyal </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Environment, Forest and Climate Change and Minister of Information and Broadcasting </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Prakash Javadekar </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Minority Affairs </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Mukhtar Abbas Naqvi </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Consumer Affairs, Food and Public Distribution </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Ram Vilas Paswan </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Social Justice and Empowerment </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Thawar Chand Gehlot </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Giriraj Singh </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Gajendra Singh Shekhawat </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Minister of Agriculture and Farmers Welfare , Minister of Rural Development and Minister of Panchayati Raj </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Narendra Singh Tomar </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Arjun Munda </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Dr Harshavardhan </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Dharmendra Pradhan </td></tr><tr><td style="border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;"> </td><td style="border-left:solid #c5c5c5 0.7421872500000001pt;border-right:solid #c5c5c5 0.7421872500000001pt;border-bottom:solid #c5c5c5 0.7421872500000001pt;border-top:solid #c5c5c5 0.7421872500000001pt;vertical-align:top;padding:4pt 6pt 4pt 6pt;">Ramesh Pokhriyal Nishank </td></tr></tbody></table>

Narendra Modi announces Union Cabinet portfolio

<ul><li>As foreign investors in Indian share market pull out money thick and fast, the Narendra Modi government is in damage control mode.</li><li>Prime Minister's office has reportedly asked Finance Minister Nirmala Sitharaman to exempt the additional levy on profits made by foreign investors between April 1 and July 5.</li><li>This may reduce the burden on investors by a third, according to the report.</li><li>The surcharge had led to a sharp fall in stocks wiping out billions in market capitalisation.</li></ul>The latest budget for the financial year ending March 2020 imposed an additional tax on the country's super rich and foreign portfolio investors (FPIs) got caught in the crossfire. The subsequent anger and market sell-off has wiped off billions of rupees in share market wealth in just about a month as foreign investors rushed for the exit. Most foreign portfolio investors in India operate as non-corporate entities such as trusts and associations, which are taxed like individuals and therefore the additional tax would fall on them. However, now the Prime Minister's office has reportedly stepped in. The Finance Ministry under Nirmala Sitharaman has been asked to quickly review the tax proposal on FPIs and come out with a solution that reduces the impact of new taxation on these institutional investors, according to a report by IANS, a news agency. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 On the table is a proposal to exempt all income generated by FPIs till the presentation of the Union Budget on July 5 from the surcharge. To be specific, all profits made between April 1 and July 5 this year may not face the additional tax if the proposal is accepted. This will reduce the impact of the new taxation by almost a third, the report estimated. Sources said that the ministry may announce the changes this week after the monetary policy review by Reserve Bank of India (RBI) on August 7. On its part, the RBI is expected by experts to reduce the policy rates by 25 basis points to improve liquidity in the market and kickstart the investment cycle by the private sector. However, if the government misses the opportunity to get the proposal approved before the ongoing Parliament session ends, it will either have to wait for the next session in November or pass an ordinance. SEE ALSO: <a href="https://www.businessinsider.in/politics/policy/rahul-bajaj-adi-godrej-and-big-investors-cry-against-modis-budget-and-policies/articleshow/70450878.cms" data-type="tilCustomLink" target="_blank">Narendra Modi has a new problem – big corporates and moneybags are angry</a>

Foreign investors in India may get some relief from tax surcharge after Prime Minister's intervention

<ul><li><keyword id="6612" type="PERSON" weightage="20" keywordseo="Smriti-Irani">Smriti Irani</keyword> returns to be a Cabinet Minister with two ministries – Women &amp; Child Development along with Textiles.</li><li>Irani is the BJP MP from <keyword id="6360791" type="UNKNOWN" weightage="20" keywordseo="amethi">Amethi</keyword>.</li><li>She defeated Congress President Rahul Gandhi in the Amethi constituency.</li></ul>The Narendra Modi government has duly rewarded its star performer Smriti Irani, by allocating her two portfolios – Women &amp; Child Development along with Textiles. Irani, the BJP MP from Amethi in Uttar Pradesh managed a spectacular win this election against Congress party leader Rahul Gandhi. Irani, who held the Information and Broadcasting Ministry (I&amp;B) before the country went into elections, had been shuffled around many times in the cabinet. She had held the Human Resource Development Ministry and also Textiles later. The former television actress had entered politics in 2003, as she joined the Bharatiya Janata Party (BJP). Though she had lost to Rahul Gandhi at Amethi during the 2014 general elections, she managed a stunning turnaround with her relentless campaigning this time around. She had managed to cut Gandhi’s vote share by 12%, in the traditional Congress stronghold. Irani had ran elections for a Lok Sabha seat for the first time in 2004 from Chandni Chowk in Delhi. See Also: <a href="https://www.businessinsider.in/smriti-irani-winner-from-amethi-lok-sabha-seat/articleshow/69469872.cms">Smriti Irani: The woman who broke the Congress Bastion</a>

Smriti Irani gets two portfolios – Women & Child Development and Textiles

<keyword id="6354814" type="UNKNOWN" weightage="20" keywordseo="prime-minister-Narendra-Modi">Prime Minister Narendra Modi</keyword>’s Cabinet is refreshed and renewed, with five ministers being dropped, one elevated and 19 new inducted. 
 The Cabinet has seen some major changes as <keyword id="6612" type="PERSON" weightage="20" keywordseo="Smriti-Irani">Smriti Irani</keyword> is no more the education minister and has been moved to textiles. 
 
The Cabinet now bears a new look, here’s a list of who got what

Modi Cabinet Reshuffle: Smriti Irani loses education; here’s a list of who got what

A star equity investor in India with over ₹1,000 crore worth of assets under management has been forced to write yet another letter to his investors explaining the poor performance of his portfolio. Porinju Veliyath of Equtiy Intelligence's latest letter rued the seemingly endless sell-off in mid and small-cap stocks in India for over 18 months. Making matters worse for Veliyath, who has over a million followers on Twitter, are the provisions of the latest budget presented by the newly appointed Finance Minister Nirmala Sitharaman. The following the full text of his latest letter addressed to his investors on July 18. Dear Investors, Eighteen months since the sell-off in broader markets began and yet there has been no respite to small and mid-cap investors like us. All the recovery we made from February 2019 lows has been sold into and we are back to the February levels. Longevity of the ongoing bear market in mid and small caps - of this magnitude has been astounding to even the most seasoned equity investors. I had felt elections could be the turning point for investors to come back to equities. Unfortunately, the positives of the continuity in government has been lost with the market unfriendly provisions in Budget, at least for the near term. Though the maiden budget of Modi 2.0 laid out a long-term vision that the government aims to achieve, some provisions in it has been disappointing from a near term stock market perspective. While the monetary impact of these changes is minimal, the message it gives to the larger investment community is rather regressive. Intentions of the present government without doubt have been good and their efficiency in utilizing tax revenues has been excellent, but these factors aside, it seems that policy makers are not acknowledging the cardinal principles of a free market economy. Past few years saw several challenges emerging in the economy. Though we were cognisant of many of them, we underestimated the extent of the first and second order consequences of some. Government's noble and welcome efforts to strengthen tax base, improve traceability, reduce black money and corruption seem to have chocked the economy for the near term, more than anyone anticipated. Despite RBI repo rate cuts, transmission of the reduction has not happened and the cost of capital to corporates have remained tight, thereby delaying any major industrial recovery. IL&amp;FS scam, instead of getting resolved, have spread to other major NBFCs and banks. IBC process has been entangled in judicial processes and is frustratingly slow. Broader markets are yet to recover from the forceful selling in small and midcap companies triggered by SEBI directives on reclassification to mutual funds industry. Overall, there has been a divergent and narrow market performance for a long time now. Though Nifty has held up, broader markets have shaved off 50% or more in this period. Close to 90% of listed stocks are down anywhere from 30% to 90% whereas top 10% large companies have not fallen much. All the matters above that has affected the universe of the companies in which we have been investing in and for which our clients have entrusted us the funds, sadly, are beyond our control. Most of the stocks in our portfolio are fundamentally strong and some of them are industry leaders with the potential to create wealth. But when will the market acknowledge the underlying value of these companies and reflect them in the stock prices? Having experienced the vagaries of markets for the past three decades, I see a significant recovery going forward, that looks inevitable to me, but I cannot give a time frame for this - I have gone wrong many times earlier in this regard. Many of you would be wondering why we are holding on few underperformers in the portfolio. After a significant draw-down, to sell any under-performing company and shift to alternate opportunities, we need to take a call on many aspects, including: <ul><li>Has the original investment thesis been permanently jeopardized or delayed indefinitely, that makes shifting a better decision than waiting? </li><li>What would be the implicit costs of liquidating these investments in a sentimentally depressed market devoid of buyer participation? </li><li>Is there an alternate opportunity with potential upside that can compensate the draw-down in these stocks available? </li><li>What is the further downside in these stocks and what is the probability that when market sentiment turns around these stocks would perform better than the available alternatives? </li></ul> Considering all the above and a host of other factors in a dynamic and evolving environment, we have been doing whatever in our opinion is best possible. Hoping for better times and waiting patiently for the sentiments to change. SEE ALSO: <a href="https://www.businessinsider.in/warren-buffets-advice-for-investment-manager-porinju-veliyath-who-lost-millions-by-not-cutting-losses/articleshow/67522607.cms" data-type="tilCustomLink" target="_blank">A star money manager in India made a rookie mistake that cost millions</a>

You Searched For "minister portfolios" and got 10 results

Atishi set to become Delhi's new Chief Minister as Arvind Kejriwal steps down months before the assembly elections

BI India Bureau

Maha crisis: CM strips the portfolios of nine rebel ministers

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Udhayanidhi Stalin sworn-in as minister in Tamil Nadu

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Narendra Modi announces Union Cabinet portfolio

BI India Bureau

Foreign investors in India may get some relief from tax surcharge after Prime Minister's intervention

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Smriti Irani gets two portfolios – Women & Child Development and Textiles

BI India Bureau

Modi Cabinet Reshuffle: Smriti Irani loses education; here’s a list of who got what

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Full text of Porinju Veliyath's latest letter to his investors

BI India Bureau

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