Not in Race of Finance Minister, Says Deepak Parekh - The New Indian Express

Not in Race of Finance Minister, Says Deepak Parekh

Published: 23rd May 2014 04:43 PM

Last Updated: 23rd May 2014 04:43 PM

NEW DELHI: Days ahead of swearing-in of new government, industry doyen and HDFC Chairman Deepak Parekh has said he was not in the race to become Finance Minister.

"There is not an iota of truth. Don't believe in rumours. There is no truth whatsoever," he said when asked if he could be the next finance minister.

However, he added that he will always do whatever the government asks of him.

"The people in the government who are running the country, they have to take a view, they have to then decide whom they want to take advice from, do they want advice or they know it, what are the areas they want to pick expertise from, which are the areas they take expertise from," Parekh said in an interview to private news channel CNBC TV18.

Praising good works of the outgoing Finance Minister, Parekh said "Mr. (P) Chidambaram did an excellent job during the last six-eight months single handedly by taking tough decisions and by doing things, appointing Raghuram Rajan as RBI Governor and number of things but the feeling was that the government was not working, the communication was not there."

However, he added there was no inter-ministerial cooperation and that had caused "the businessman to feel that we need a change, we need a government that works well."

The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.

There are speculations that Modi could give Finance portfolio to senior BJP leader Arun Jaitley or Subramanian Swamy.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Read More



follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook