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India’s Former Finance Minister Dies at 66

India’s former finance minister, Arun Jaitley, died Saturday in a New Delhi hospital months after he stepped away from the job due to deteriorating health. A close associate of Prime Minister Narendra Modi, the 66-year-old Jaitley was credited with steering landmark economic reform that helped create a single market in India for the first time since the country’s independence in 1947.  It was also under his watch that Modi announced his controversial decision to scrap 86 percent of India’s currency.   One of Modi’s most articulate ministers in parliament who was often called upon to defend the government, the former lawyer turned politician was known as one of the sharpest minds in the ruling Hindu nationalist Bharatiya Janata Party. He also briefly headed the Defense Ministry.   A diabetic, he had undergone a kidney transplant in 2018 and opted out of Modi’s cabinet after the BJP’s resounding victory in May of this year. He was admitted to a hospital two weeks ago with breathing problems.     “I have lost a valued friend, whom I have had the honour of knowing for decades,” Modi said on Twitter. “His insight on issues and nuanced understanding of matters had very few parallels.”With the demise of Arun Jaitley Ji, I have lost a valued friend, whom I have had the honour of knowing for decades. His insight on issues and nuanced understanding of matters had very few parallels. He lived well, leaving us all with innumerable happy memories. We will miss him!— Narendra Modi (@narendramodi) August 24, 2019  Modi also called him a "political giant, towering intellectual and legal luminary". During his stint as finance minister, Jaitley spearheaded the Goods and Services Tax or GST, which overhauled a messy system of indirect taxes into a single nationwide tax. It has been hailed as... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, India’s Former Finance Minister Dies at 66, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you India’s Former Finance Minister Dies at 66

 

 

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Published By: VOA NEWS - Saturday, 24 August

 

 

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