IIT-Delhi and Harvard Business School alumnus Jayant Sinha on Monday took charge as Minister of State in the Finance Ministry. The 51-year-old assumed the office at a time when the ministry is preparing the Budget for 2015-2016. Sinha was elected to the Lok Sabha in May from Hazaribagh (Jharkhand). Notably, he is the son of former union minister Yashwant Sinha.