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Jun 25, 2012, 05.56 PM IST
Prime Minister Manmohan Singh, who is a distinguished economist, is likely to hold charge of Finance Ministry after Pranab Mukherjee's resignation. Sources say that Manmohan Singh is seen as the best person to oversee the revival of the economy.
Congress President Sonia Gandhi, too, is not keen on bringing in a outsider as the next finance minister of India because of the poor state of the economy. Government sources say a team of senior bureaucrats are likely to assist Manmohan Singh.
Other senior ministers in the Union Cabinet are not seen as keen on taking over as the finance minister. With the Indian economy facing tough challenges both on the domestic as well as foreign fronts, the government and the Congress party are keen on an expert becoming the Finance Minister.
Home Minister P Chidambaram, who has handled the finance portfolio, has been accused by the Opposition of not doing enough to stop the 2G spectrum allocation scam and the Congress leadership is unlikely to put him in charge of the crucial ministry.
After Pranab Mukherjee resigns from the Lok Sabha to contest the presidential election, the Congress will also have to look for a new Leader of the Lok Sabha, a position that Mukherjee handled with aplomb.
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