Nirmala Sitharaman In A Huge Trouble

Thu Jun 04 2020 18:30:36 GMT+0530 (IST)

Following the deadly outbreak of the novel virus originated from the Dragon country China Prime Minister Narendra Modi imposed nationwide lockout to combat the pandemic.

This, in turn, left the Indian economy in huge losses and the Centre is facing severe criticism for failing to run the country. Opposition and many experts have also found fault with the Centre's failure to boost the economy.

In the wake of this, some close circles of the government claim that Senior Banker KV Kamath will replace Nirmala Sitharaman as the Union Finance Minister of India. These speculations gained a lot of significance with Kamath completing his tenure in the NDB Office.

Let's look at the background of the veteran Banker. He is from Karnataka and has a PGDM degree from the famous Indian Institute of Management Ahmedabad. He worked as the chief of NDB (New Development Bank) of BRICS countries

One interesting lead of the veteran Banker is that he is believed to be close to the Ambani family which places him in the middle of the hot news. Earlier he gave a huge amount of loans to Dhirubhai Ambani.