Is PM planning to turn the tables at Finance Ministry?

With Pranab Mukharjee safely moved out of Finance Ministry, Prime Minister Manmohan Singh is all set the move forward with his neo-liberal ideas. Congress’s nomination of Pranab da is not simply a honour call but also a tactical move by PM to outset him. Pranab da is a veteran congressman who has some of the original congress’s sociology mindset. Though he has been walking on Manmohan Singh’s line, he differed in the Manmohan policies which were of neo liberal stance.

With the Pranab da’s budget focusing on retrospective taxing of overseas account (Vodafone Tax case), Finance Act, 2012 and General Anti-Avoidance Rules (GAAR) the corporate India is very much unhappy with him. The only person in UPA who can dance on corporate India’s tune is our Honorable PM.

Now with PM taking Finance Ministry in his hand, he is ensuring all steps to make the corporate India happy. PM has virtually ensured the corporate that he will amend the policies.