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UPDATED: May 12, 2021 15:51 IST
Tamil Nadu s Palanivel Thiagarajan (left), a former investment banker, has been sworn-in as the Minister for Finance and Human Resources Management.
After securing a massive victory in the 2021 Assembly election, the DMK has formed the government in Tamil Nadu with MK Stalin taking the oath as the chief minister on May 7. A total of 33 ministers were also sworn in following MK Stalin, of whom 15 were first-time ministers.
For the finance ministry in Tamil Nadu, MK Stalin chose Madurai Central MLA Palanivel Thiagarajan an MBA in Finance from the Sloan School of Management at MIT and a Wall Street veteran.
Wall Street banker sworn in as Tamil Nadu finance minister faces trial by fire in new job Â
Palanivel Thiaga Rajan is an alumnus of MIT Sloan School of Management. He takes over as TN finance minister at a time when the state is reeling under high debt and huge fiscal deficit.
Aananth Daksnamurthy 10 May, 2021 7:30 am IST Text Size:
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Chennai: For nearly two decades, Palanivel Thiaga Rajan, or PTR as he is better known, has dabbled in the finance sector.  Â
An alumnus of the prestigious MIT Sloan School of Management, PTR has worked with global financial institutions such as Standard Chartered and Lehman Brothers.Â