On Friday, the government released its list of cabinet portfolio allocation. Nirmala Sitharaman was chosen as the Minister of Finance and the Minister of Corporate Affairs. She is the second woman after Indira Gandhi to hold the position of the Finance Minister of India.

Sitharaman has completed her M.A. and M.Phil in economics from Jawaharlal Nehru University. She served as the defence minister in the 16th Lok Sabha, becoming the second woman to do so.

She has acted as minister of commerce and industry prior to that. Nirmala Sitharaman joined the BJP in 2008 and has served as a spokesperson for the party. In 2014, she was inducted into Narendra Modi's cabinet as a junior minister and in June 2014, she elected as a Rajya Sabha Member from Andhra Pradesh.

President Ram Nath Kovind on Thursday administered the oath of office and secrecy to Prime Minister Narendra Modi and his council of ministers at the Rashtrapati Bhavan.

The ceremony was attended by international leaders, prominent Indian business men and film personalities.

There were a lot of speculations and rumours before the event on who would be inducted in the Modi 2.0 government. The induction of the powerful BJP president and close aide of PM Modi, Amit Shah, in the government, was the main highlight in the news.