I beg to disagree, she wont solve any problems kwa kuwa mwadilifu, she needs to up her game, and I am not talking education, we don't compare ministry of finance with other ministries, everywhere in the world people wait in anticipation for who will be at the helm of the finance, so its OK to say this is A VERY SENSITIVE JOB...check out Indian processLet us again assume, for the sake of argument, that
Narendra Modi will become India's prime minister shortly after May 16. Who, then, is most likely to succeed Palaniappan Chidambaram as finance minister? Here are five of the most likely candidates.Whoever takes over at the finance ministry will carry plentiful investor hopes for far-reaching economic reforms. Those doubtful that the right candidate can make a significant difference in this task, meanwhile, need only look at the impact of Chidambaram upon taking the job in late 2011.
Prior to his arrival, economic policy had drifted under the relatively indolent stewardship of Pranab Mukherjee, a minister who appeared to spend more time on Congress party business than fretting about his country's cratering growth rate. When Mukherjee did turn his mind to reforms, they tended to be disastrous, as with the
introduction of rules targeting Vodafone to allow the retrospective collection of taxation.
Chidambaram's record is by no means perfect but by comparison it is impressive. He brought a speedy sense of administrative efficiency, introduced a range of
liberalising reforms, and began prominent roadshows around the world to engage international investors.
Under Modi, were he to win, the situation would be different.
Hope for reforms would already be high. The new finance minister's challenge would be to deliver them.
Yet the opposition Bharatiya Janata Party has been far from clear on the specifics of its economic agenda, a fact that arguably makes the choice of finance minister even more important, given the leeway this gives to formulate particular policies when in office.
Equally, the new government's first year - and especially its fabled first 100 days - will provide an important indicator of Modi's willingness and ability to move forward with major structural reforms, from the introduction of a nationwide sales tax to measures cracking down on corporate corruption.
The ability to give away power will be important too,
argues Arvind Panagariya, an economist whose work is often cited as an important influence on the BJP's putative reform agenda. "The next finance minister must genuinely believe in federalism and cede powers to the states in a major way," Panagariya argues.
"He should take seriously the line by Modi that business is not the business of government. And of course the ability that all finance ministers should have, to say ‘no' to ministries that want to spend, spend, spend. Holding the line on the deficit and debt is absolutely essential," he adds.