Speaking to journalists a short while ago, Jaitley said he was “concerned” about the slow pace of decision-making under the previous government (the M-MRCA and several other contracts remain possibly adrift). ‘Modernisation will be my top priority,’ he said, in what will calm a lot of anxiety out there. Interestingly, he said that the issue of FDI in defence had come up at a morning meeting, when he took over his chief charge as the country’s Finance Minister.
“I will be coming to the MoD every day to clear the backlog and take decisions. This is a very important ministry. Expect a full time minister in a couple of weeks,” Jaitley said.