#Modi 3.0 Cabinet Portfolio

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Full List of Cabinet Ministers with Portfolios in Modi 3.0 Government

Full List of Cabinet Ministers with Portfolios in Modi 3.0 Government: General Election of India 2024 result announced on 4th June 2024 and BJP became the single largest party with 240 seats and NDA got majority to form government with 292 seats. Prime Minister Narendra Modi took the oath with his 71 ministers for a third consecutive term. The swearing-in ceremony of the PM and his cabinet…

[atomxmedia]

Indian Startups Look Forward Despite Downturn And New Coalition Government

The outcome of the latest Indian election was unexpected. The National Democratic Alliance (NDA), led by the Bharatiya Janata Party (BJP), is still in charge, although it now heads a coalition administration. This change calls for a more thoughtful and collaborative approach to policymaking, which could have an effect on the Indian startup scene.

Challenges and Opportunities of Coalition Politics

A robust democracy may benefit from the more measured policymaking that coalitions frequently bring about. But there’s a worry that in order to take into account the regional interests of its alliance partners, the NDA may need to moderate its policy agenda, particularly with regard to growth-stimulating initiatives.

Modi 3.0 Cabinet Reflects Balancing Act

This 30-member Modi 3.0 government is an example of the BJP’s attempt to strike a compromise between unity and continuity. The finance, home affairs, defense, and foreign affairs portfolios of prominent ministers from the previous administration were kept. Likewise, recognized faces may be found in other important ministries such as agriculture, business, transportation, and information technology. Only a few portfolios, such as those related to food processing, small and medium-sized businesses, and civil aviation, include new faces.

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

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PM Modi Cabinet 2024: Full list of ministers with portfolios in Modi 3.0 government, Who gets what

PM Modi Cabinet 2024: Full list of ministers with portfolios in Modi 3.0 government, Who gets what

[mediaech]

PM Modi signals continuity in portfolio allocation, reposes trust in old team as many of them retain departments

Prime Minister Narendra Modi sent out a message of continuity by retaining his top lieutenants in key Ministries while allocating portfolios to his Council of Ministers on June 10.

The four big Ministries that are part of the Cabinet Committee on Security (CCS) — a key body within the Union Cabinet — saw the return of all the Ministers with Amit Shah, Rajnath Singh, Nirmala Sitharaman and S. Jaishankar retaining the portfolios of Home, Defence, Finance, and External Affairs respectively.

Mr. Modi, who now needs the support of allies to lead the latest National Democratic Alliance (NDA) government, also left key infrastructure Ministries largely unchanged. Nitin Gadkari retained Road Transport and Highways, Sarbananda Sonowal retaining Shipping and Ports, and Ashwini Vaishnaw keeping Railways, along with Information Technology and Information and Broadcasting. Jyotiraditya Scindia seems to have received a leg-up by securing the Telecom Ministry, another key infrastructure portfolio. Only Aviation saw a change, and was handed to Ram Mohan Naidu of the Telugu Desam Party (TDP), a portfolio that had been with his party in the first Modi government, when Ashok Gajapati Raju had held the Ministry.

Team NDA 3.0

Prime minister holds all important policy issues and all other portfolios not allocated to any minister.

Former Chief Ministers who were newly sworn in as Ministers were also given key Ministries. Former Haryana CM Manohar Lal Khattar got the Housing and Urban Affairs Ministry on a day when Mr. Modi’s first Cabinet meeting with his new team cleared a proposal for building three crore houses in urban and rural areas under the Pradhan Mantri Awaas Yojana (PMAY). Former Madhya Pradesh CM Shivraj Singh Chouhan received charge of the crucial Ministries of Agriculture and Rural Development, a reflection of the fact that under his tenure as CM, wheat production, especially that of the famous Sharbati wheat, had broken all records.

At a time when calls for a caste census are being raised both from outside and within the NDA government, Virender Kumar has been retained with the Social Justice portfolio.

Interestingly, with the Lok Sabha seeing a far bigger contingent of Opposition MPs, Arunachal Pradesh MP Kiren Rijiju has been made Minister for Parliamentary Affairs as he is seen to be affable and shares a good rapport across the political spectrum. Mr. Rijiju being a Buddhist has been given charge of the Minority Affairs Ministry.

Even with allies, allocations have followed a pattern of continuity, with Rajiv Ranjan Singh ‘Lalan’ holding the portfolio of Panchayati Raj, Fisheries and Animal Husbandry, earlier held by Giriraj Singh, who is a BJP MP from the same State of Bihar. H.D. Kumaraswamy of the Janata Dal (S) got the portfolio of Heavy Industries and Steel, which was held by the Shiv Sena before they parted ways with the BJP. Former Bihar Chief Minister Jitan Ram Manjhi is Cabinet Minister for Medium, Small and Micro Enterprises (MSMEs). Chirag Paswan holds the Food Processing Ministry which was earlier held by his father, the late Ram Vilas Paswan.

Among Ministers from the BJP’s stable, C.R. Paatil got the crucial Ministry of Jal Shakti, a flagship post where close rapport with Mr. Modi is a key factor. Dharmendra Pradhan retained Education, Arjun Ram Meghwal retained Law while Pralhad Joshi moved to Food, Civil Supplies and Renewable Energy.

In all, the overarching message from the portfolio allocation effected by Mr. Modi seems to be that while his party’s numbers had reduced, he does not hold it against his ministerial colleagues, putting out a business-as-usual vibe as he embarks on his third-successive term.

[merisarkar]

Modi 3.0: PM retains key ministers, induces new faces in revamped cabinet

Modi 3.0 cabinet: Prime Minister Narendra Modi unveiled his new cabinet on Monday, following his historic third consecutive term victory in the recent Lok Sabha elections. The council of ministers reflects a blend of continuity and change, with several key figures retaining their portfolios and fresh faces being brought in for other crucial positions. Familiar Faces Remain at the Helm Key…

[tophindinews]

Modi 3.0 Cabinet: Amit Shah and Rajnath Singh among top 4 ministers who retain their portfolios - Hindustan Times

http://dlvr.it/T85KWh

[citizenrecord]

Modi 3.0 With 72 Ministers Takes Oath, 9 New Faces In Cabinet

Prime Minister Narendra Modi took oath today along with 71 ministers of the new coalition government. Thirty of them are Cabinet Ministers, five independent charge, and 36 Ministers of State. The portfolios will be announced later.

PM Modi, 73, will head a coalition government in his third term, or Modi 3.0, for the first time since he became Prime Minister in 2014 following a huge "Brand Modi" victory after 10 years of the United Progressive Alliance (UPA) rule.

He is the second Prime Minister after Jawaharlal Nehru to be elected for a third term in a row.

The oath ceremony is being held at the lawns of the Rashtrapati Bhavan, with the weather office forecasting a maximum temperature of 42 degree Celsius in the national capital.

President Droupadi Murmu administered the oath to PM Modi. Rajnath Singh and Amit Shah took oath after him. Nitin Gadkari was the fourth leader to be administered the oath of office by the President. JP Nadda, Shivraj Singh Chouhan, Nirmala Sitharaman, S Jaishankar, and Manohar Lal Khattar followed in taking oath.

HD Kumaraswamy of the Janata Dal (Secular), who took oath after Mr Khattar, was the first leader from any of the BJP's allies in the National Democratic Alliance (NDA) to take oath. Soon after, Janata Dal (United) leader Lalan Singh, a close aide of Bihar Chief Minister Nitish Kumar, also took oath.

Sarbananda Sonowal was the first leader from the northeast to take oath today, Kiren Rijiju the second.

Virendra Kumar, a prominent Scheduled Castes face of the BJP and eight-time MP, was inducted into the Narendra Modi government. He won the election from Madhya Pradesh's Tikamgarh reserved seat.

Supporters of leaders who have been called to the stage clapped and cheered loudly, as they saw their leaders walk towards the mic to be administered oath by the President.

Jyotiraditya Scindia's induction into the Modi 3.0 council of minister has cemented his importance in the BJP since he left the Congress four years ago, marking the beginning of his second stint in the Union cabinet.

Hardeep Singh Puri, the former diplomat who helped India navigate through two back-to-back oil crises, was among the ministers sworn in today.

Lok Janshakti Party (Ram Vilas) chief Chirag Paswan has solidified his status as the "real" political heir of his father, Ram Vilas Paswan, after he was inducted into the Narendra Modi government today. With this, Chirag Paswan makes a remarkable comeback in Bihar's turbulent political landscape.

Leaders from India's neighbourhood and the Indian Ocean Region including Sri Lankan President Ranil Wickremesinghe, the Maldives President Mohamed Muizzu, and Bangladesh Prime Minister Sheikh Hasina attended the event.

[businessnewsupdates]

Sensex Rises 2.46%, Nifty Gains 560 Points in Morning Trade

In a remarkable recovery following the announcement of the Lok Sabha election results, India’s domestic stock market indices Sensex and Nifty showed significant gains on Wednesday, May 5. Opening nearly 1% higher, both indices extended their upward momentum throughout the morning trade.

Key Highlights:

Sensex Performance: The Sensex surged by 2.46%, climbing 1,772.04 points to reach 73,851.09 by 11:30 am. It had opened at 73,027.88, marking a 1.32% increase from the previous close of 72,079.05.

Nifty Performance: The broader Nifty index jumped 2.56%, gaining 560.5 points to hit an intraday high of 22,445, following a gap-up opening of 243.85 points, or 1.11%.

This strong performance comes after a tumultuous day on Tuesday when the Sensex dropped by 4,389.73 points (5.74%) to close at 72,079.05, and the Nifty 50 fell by 1,379.4 points (5.93%) to close at 21,884.5. The declines were attributed to the Bharatiya Janata Party (BJP) failing to secure a majority in the general elections, securing only 240 seats.

Market Sentiment:

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The market will take some time to absorb the unexpected election results. Stability will return to the market soon but volatility will continue till there is clarity on the cabinet and the key portfolios. A sharp rebound in the market is unlikely in the near term but sectoral preferences might change.”

Volatility Eases:

The volatility index, India VIX, which had surged by 51% to 31.71 during Tuesday’s intraday trades before closing at 26.75, further eased to 19.45 on Wednesday, indicating a reduction in near-term volatility.

Market Outlook:

According to a report by Axis Securities, “The National Democratic Alliance (NDA) will form the Modi 3.0 government with coalition partners. With this, the market will likely gain confidence in the political stability as well as the policy stability. Some positive recovery is hence expected going forward.”

Sector Performance:

Recoveries: Nifty PSE and Nifty CPSE, which saw significant declines of 16.38% and 15.04% respectively on Tuesday, managed to recover some losses, falling by only 0.67% and 0.55% respectively.

Top Gainers: NSE firms that showed significant gains included Tata Consumer Products (6.30%), Hindustan Unilever (6.06%), Hero MotoCorp (6.46%), Mahindra & Mahindra (6.01%), and Asian Paints (4.71%).

The market’s reaction underscores the resilience and adaptability of investors, reflecting a cautious optimism as the political landscape begins to stabilize.