In an expected Cabinet reshuffle on Tuesday , Home Minister P.Chidambaram was made India's new finance minister, while his cabinet colleague Sushilkumar Shinde was given the charge of the home ministry.

"The president, as advised by the prime minister, has directed that the portfolios of the following ministers will be re-allocated as follows - P. Chidambaram Finance, Sushilkumar Shinde Home Affairs," a Rashtrapati Bhavan communique issued Tuesday said.