Finance Minister Arun Jaitley has said the allocation of portfolios was done after a close monitoring of the performance of each ministry and its ministers by Prime Minister Narendra Modi. His comments came after four ministers were elevated to the cabinet rank in a major rejig of the government yesterday.<br/><br/>Talking to reporters in New Delhi, he said the prime minister has laid down certainly a high standard of accountability in governance. Mr Jiatley said the prime minister has set the bar very high. He said it is obviously clear that the prime Minister is very closely monitoring the performance of each ministry and each individual. The Union minister said, it was a great day for the country as two women had become part of the all-important Cabinet Committee on Security.