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India Appoints Piyush Goyal As Interim Finance Minister

INDIA'S minister for railways and coal has today (23) been named the country's interim finance minister.

Piyush Goyal will take on the additional portfolio as finance minister Arun Jaitley is in the US for medical treatment.


India's interim budget is due to be presented next week, ahead of a scheduled general election in May.

However, Jaitley will not present the budget.

The Indian government has not commented on Jaitely's medical condition.

“The president of India, as advised by the prime minister, hereby directed that during the period of indisposition of Arun Jaitley, minister; the portfolios of minister of finance and minister of corporate affairs held by him, be temporarily assigned to Piyush Goyal, in addition to his existing portfolios,” said a statement from the Indian president’s secretariat today.

“Further, as advised by the prime minister, Arun Jaitley be designated as minister without portfolio during the period of his indisposition or till such time he is able to resume his work as minister of finance and minister of corporate affairs,” the release added.

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Electric cars in the UK have, for the first time, become cheaper to buy than petrol models, marking a notable shift in a market where upfront cost has long been a barrier. Data from Auto Trader UK shows the average price of a new EV at £42,620, compared to £43,405 for a petrol car, a difference of £785 based on advertised prices after discounts.

The shift has been driven by a mix of government incentives and sustained price cuts from manufacturers. Grants of up to £3,750 have helped bring down prices, while carmakers have been offering historically high discounts to meet zero emission vehicle targets and respond to rising competition, including from lower-cost Chinese brands.

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