From Harvard to Hazaribagh to North Block

By Vijay Kumar

Legal Corner Icon — the image was hosted by the publisher and was not captured.THE Finance Ministry was badly missing the Harvard touch after the exit of P. Chidambaram and now Prime Minister Modi has filled the gap. Meet the Harvard MBA, Delhi IITian and MS from University of Pennsylvania - Jayant Sinha, 51 year old first time MP from Hazaribagh who is India's new Minister of State for Finance. His father Yashwant Sinha is a former Finance Minister of India - this is the first time that a father and son have become Finance Ministers, though Sinha junior is only a junior minister

By profession the technocrat turned manager is an investment fund manager. His income as per last year's Income Tax Return was Rs. 3.7 Crores.

It is nice to see a very highly educated professional with brilliant academic records and well to do financially becoming a Finance Minister.

TIOL wishes him all the best.

Minister with a CE Penalty: It is heard that there is a Union Minister who had been imposed a penalty of Rs. 10 lakhs by a Central Excise Commissioner. The penalty is under Stay by CESTAT.