NEW DELHI: The Congress has brought back P Chidambaram to the finance ministry to handle the tough task of reviving the economy and to help the party in the build-up to the 2014 Lok Sabha polls, while his place in the home ministry has been taken by a "safe" Sushilkumar Shinde. Chidambaram's appointment comes against the backdrop of expectations in the Congress that he would be able to script a turnaround, putting an end to the gloom that the economic downturn has cast over the party's electoral prospects. The timing of the change was influenced by the keenness of Prime Minister Manmohan Singh, who had handled the charge after Pranab Mukehrjee resigned on June 26, to have a full-scale finance minister ahead of the monsoon session.
Given his run-ins with the opposition, the shift marks a huge vote of confidence for Chidambaram. His return to the finance ministry soon after he was given the charge of the ministerial panel on spectrum marks his steady ascension in the hierarchy post-Pranab Mukherjee, but might carry the risk of escalation of tension with the BJP.
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