Emotional Chidambaram bids adieu to finance ministry

An emotional P Chidambaram today bid adieu to the Finance Ministry, which he had served thrice, with a promise that he would continue to remain active in public life.

Chidambaram, 68, who holds the distinction of presenting nine Unions Budgets -- short of the record 10 delivered by Morarji Desai -- listed out the challenges before the economy in his parting address to the secretaries and senior officials of his ministry.

"Since 1966 I have been working for 16 hours a day and I will continue to work so...You will now see me more in public life than you saw me till now," said Chidambaram, who did not contest the just-concluded Lok Sabha elections.

Exit polls show the BJP-led NDA is set to form the government after votes are counted tomorrow.

An official who worked closely with Chidambaram for years and was present at the farewell meeting organised at the North Block office said: "FM was as emotional to the extent he could be. It is unbecoming of him to be emotional."

Returning to the Finance Ministry in August 2012 after a stint as Home Minister, Chidambaram did his best to put the economy back on the rails. He narrowed the fiscal and current account deficits, lowered gold imports and held meetings in India and abroad to boost investor confidence.

"It was at a tough time when he held the reins at the ministry. He was hard taskmaster and ensured that deficit red lines were not crossed," another official said.

Draped in his characteristic white shirt and veshti, Chidambaram reached his office at 8.15 am, cleared pending files and met senior officials on his last day as Finance Minister of the UPA-II government.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Time for banks to pass on RBI rate cuts to stakeholders of the economy

    Reserve Bank of India’s decision to cut the repo rate by 25 basis points, from 7.75 to 7.50, is a move in the right direction.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

The making of a digital Bharat

Exactly 20 years ago, Nicholas Negroponte of MIT Media Labs ...

Zehra Naqvi

For the love of language

A video doing the rounds in social media these days ...

Dharmendra Khandal

‘Poop’ coffee anyone? If civets suffer, so be it

That a drink which proudly associates itself with animal poop ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture