Sitharaman was elevated to the cabinet rank on Sunday and given the defence portfolio.
Suresh Prabhu is taking charge of the commerce department at a time when export growth is waning. Export growth fell to an eight-month low of 3.94 per cent in July, while trade deficit widened to USD 11.44 billion on account of high gold imports.
The External Affairs Ministry has already articulated the government's stand on the issue, he told reporters at a briefing.
Jaitley, while initiating a special debate to mark the 75th anniversary of Quit India Movement launched by Mahatma Gandhi in 1942, said India had faced many challenges over these decades but "we can proudly say the country became stronger with each challenge".
Jaitley's response in the Rajya Sabha came after opposition members raised the issue of defence preparedness in the wake of a CAG report flagging that the Indian Army was facing a critical shortage of ammunition that can last just 10 days of war.
The plant has been set up for captive consumption of the factory, on 80 acres of spare land available with it, making it self-sufficient not only for its power requirement but also reduced carbon footprint, the Defence Ministry said.
Inaugurating the country's first ever Aeronautical Test Range (ATR), set up near here for testing unmanned and manned aircraft being developed locally, he said India was geographically located in a region that was not free from trouble.
"It has been three months since the change of the defence minister but we do not have anybody handling the ministry full time as yet. A nation as big as India not having a full-time defence minister amounts to toying with national security," the Sena said in an editorial in party mouthpiece 'Saamana'.
In an interview to PTI, he said the government is working on a policy that will incentivise companies to set up manufacturing bases in India.
Defence Minister, Arun Jaitley will hold his first meeting on the long pending strategic partnership model soon. Watch CNBC-TV18's Ronojoy Banerjee giving more details.
Parrikar, who sworn in as the Goa chief minister for the fourth time last month, also said since Delhi was not his area of operations, he used to feel "under pressure" there.
A number of Russian defence firms has broadly agreed to facilitate speedy repair and overhaul of Russian-origin military platforms in India and manufacture their spare parts through joint venture and technology transfer with Indian companies.
Parrikar, who stepped down as Defence Minister to shift to Goa, was sworn-in along with nine ministers on Tuesday. He has the support of 22 MLAs, two more than the halfway mark of 20 in the 40-member Assembly.
This is the second time that Jaitley is holding the additional portfolio of Defence Ministry during the present NDA government.
BJP leader Manohar Parrikar will bensworn in as chief minister of Goa tomorrow.
The main fight for the 40-member assembly, which went to polls on February 4 and recorded an impressive turnout of 83 percent, is between the BJP and the Congress.
With an RSS affiliate-body vehemently opposing the NDA government's policy on Foreign Direct Investment, Defence Minister Manohar Parrikar today said there would be no damage to the national interest and each such case was being viewed rationally.
"The partnership between DRDO and industries is transforming our country into a global defence manufacturing hub. This synergy has provided the much needed thrust for exporting defence products globally," Parrikar said after visiting DRDO's Dr A P J Abdul Kalam Missile Complex during his visit to the city.
The work on building and designing ambitious Mine Countermeasures Vessels (MCMV) would begin in Goa Shipyard Limited by May-June next year, Union Defence Minister Manohar Parrikar said here.
Goa will get Rs 350 crore funds in the next five years to be spent on the mining belt in the state, Defence Minister Manohar Parrikar said here.
In a candid admission, Manohar Parrikar today said he was "shivering" on his first in office as Defence Minister though he tried to put up a brave face.
The Defence Minister also appealed state Chief Minister Laxmikant Parsekar for setting up courses for skill development in aeronautical engineering.
Defence Minister Manohar Parrikar today asserted the recently-signed Euro 7.878 billion-deal for 36 Rafale fighter jets was the best ever offered to any country, rejecting Swaraj Abhiyan's Prashant Bhushan and Yogendra Yadav's allegation that India paid double the price.
The bruising battle of words over the surgical strikes escalated further today with Defence Minister Manohar Parrikar trashing claims of such operations under the UPA, provoking a counteroffensive from the Congress which accused him of "blatant politicisation" of the issue.
Defence Minister Manohar Parrikar today said he expects another Rs 50,000-60,000 crore worth of defence contracts to be signed during the remaining quarters of the financial year, taking the total orders to Rs three trillion since he took charge two years ago.