The Ministry of Finance (Vitta Maṃtralaya) is an important department of the Indian government, responsible for managing the country’s economy and serving as the Ministry of Finance. Its responsibilities include taxation, financial legislation, supervision of financial institutions, capital markets and currency regulation, banking services and central and state finance. It also plays a key role in preparing the federal budget.
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The ministry is the apex authority of four central civil service departments: the Indian Revenue Service, the Indian Audit and Accounts Service, the Indian Economic Service and the Indian Civil Accounts Service. Additionally, it oversees the Indian Cost and Management Accounts Service, which is one of the Central Commercial Services.
You are watching: List of Finance Ministers of India (1947 to 2024)
Sir Ramasamy Chetty Kandasamy Shanmukham Chetty KCIE (October 17, 1892 – May 5, 1953) was the first Finance Minister of independent India. He presented the country’s first budget on November 26, 1947. Current Finance Minister Nirmala Sitharaman has served for five years, during which she presented six budgets from 2019 to 2023, including a medium-term budget in 2024. In the federal budget in February 2024, she became the first finance minister to submit seven consecutive budgets.
Budget 2024 date and time: Why is Finance Minister Nirmala Sitharaman presenting the medium-term budget this year?
List of Finance Ministers of India
|
serial number |
Name |
term of office |
political party |
Prime Minister |
|
|---|---|---|---|---|---|
|
1. |
Liaquat Ali Khan |
October 29, 1946 |
August 14, 1947 |
all india muslim league |
Jawaharlal Nehru (Vice President of the Interim Government) |
|
2. |
RK Shanmukan Chetty |
August 15, 1947 |
August 17, 1948 |
See more : Viral Optical Illusion: Can You Solve It? People Are Confused By Hidden Numbers indian national congress party |
Jawaharlal Nehru
|
|
3. |
John Mattei
|
September 22, 1948 |
January 26, 1950 |
||
|
January 26, 1950 |
May 6, 1950 |
||||
|
May 6, 1950 |
June 1, 1950 |
||||
|
4. |
CD Deshmukh |
June 1, 1950 |
May 13, 1952 |
||
|
May 13, 1952 |
August 1, 1956 |
||||
|
5. |
Jawaharlal Nehru |
August 1, 1956 |
August 30, 1956 |
||
|
6.
|
TT Krishnamachari
|
August 30, 1956 |
April 17, 1957 |
||
|
April 17, 1957 |
February 14, 1958 |
||||
|
7. |
Jawaharlal Nehru |
February 14, 1958 |
March 22, 1958 |
||
|
8.
|
Morarji Desai
|
March 22, 1958 |
April 10, 1962 |
||
|
April 10, 1962 |
August 31, 1963 |
||||
|
9. |
TT Krishnamachari |
August 31, 1963 |
December 31, 1965 |
Jawaharlal Nehrulal Bahadur Shastri |
|
|
10.
|
Sashendra Chowdhury
|
January 1, 1966 |
January 11, 1966 |
Lal Bahadur Shastri Indira Gandhi
|
|
|
January 11, 1966 |
January 24, 1966 |
||||
|
January 24, 1966 |
March 13, 1967 |
||||
|
11. |
Morarji Desai |
March 13, 1967 |
July 16, 1969 |
indira gandhi |
|
|
12. |
indira gandhi |
July 16, 1969 |
June 27, 1970 |
||
|
13.
|
Yashwantrao B. Chavan
|
June 27, 1970 |
March 18, 1971 |
||
|
March 18, 1971 |
October 10, 1974 |
||||
|
14. |
Chidambaram Subramaniam |
October 10, 1974 |
March 24, 1977 |
||
|
15. |
Haribhai M.Patel |
March 26, 1977 |
January 24, 1979 |
People’s Party |
Morarji Desai |
|
16. |
Charan Singh |
January 24, 1979 |
July 16, 1979 |
||
|
17. |
Hemwati Nandan Bahuguna |
July 28, 1979 |
October 19, 1979 |
People’s Party (Secular) |
Charan Singh |
|
18. |
R. Venkataraman |
January 14, 1980 |
January 15, 1982 |
See more : Viral Optical Illusion: Can You Solve It? People Are Confused By Hidden Numbers indian national congress party |
indira gandhi
|
|
19.
|
Pranab Mukherjee |
January 15, 1982 |
October 31, 1984 |
||
|
October 31, 1984 |
December 31, 1984 |
||||
|
20.
|
vice president singh
|
December 31, 1984 |
January 14, 1985 |
rajiv gandhi |
|
|
January 14, 1985 |
March 30, 1985 |
||||
|
March 30, 1985 |
September 25, 1985 |
||||
|
September 25, 1985 |
January 24, 1987 |
||||
|
twenty one. |
rajiv gandhi |
January 24, 1987 |
July 25, 1987 |
||
|
twenty two. |
ND Tiwari |
July 25, 1987 |
June 25, 1988 |
||
|
twenty three. |
Shankarao B. Chavan |
June 25, 1988 |
December 2, 1989 |
||
|
twenty four. |
Madhu Dandavat |
December 5, 1989 |
November 10, 1990 |
Janata Dhar (National Front) |
vice president singh |
|
25. |
Yashwant Sinha |
November 21, 1990 |
June 21, 1991 |
Samajwadi Janata Party (National Front) |
Chandra Shekhar |
|
26. |
Manmohan Singh |
June 21, 1991 |
May 16, 1996 |
See more : Viral Optical Illusion: Can You Solve It? People Are Confused By Hidden Numbers indian national congress party |
PV Narasimha Rao |
|
27. |
Jaswant Singh |
May 16, 1996 |
June 1, 1996 |
bjp |
Atal Bihari Vajpayee |
|
28. |
P Chidambaram |
June 1, 1996 |
April 21, 1997 |
Tamil Manila Congress (United Front) |
HD Dev Gundam |
|
29. |
IK Gujral |
April 21, 1997 |
May 1, 1997 |
Janata Dal (United Front) |
IK Gujral |
|
30. |
P Chidambaram |
May 1, 1997 |
March 19, 1998 |
tamil manila congress (United Front) |
|
|
31.
|
Yashwant Sinha
|
March 19, 1998 |
October 13, 1999 |
bjp (National League for Democracy) |
Atal Bihari Vajpayee |
|
October 13, 1999 |
July 1, 2002 |
||||
|
32. |
Jaswant Singh |
July 1, 2002 |
May 22, 2004 |
||
|
33. |
P Chidambaram |
May 23, 2004 |
November 30, 2008 |
Indian National Congress (United Progressive Alliance) |
Manmohan Singh |
|
34. |
Manmohan Singh |
November 30, 2008 |
January 24, 2009 |
||
|
35.
|
Pranab Mukherjee
|
January 24, 2009 |
May 22, 2009 |
||
|
May 23, 2009 |
June 26, 2012 |
||||
|
36. |
Manmohan Singh |
June 26, 2012 |
July 31, 2012 |
||
|
37. |
P Chidambaram |
July 31, 2012 |
May 26, 2014 |
||
|
38. |
Arun Jaitley |
May 26, 2014 |
May 30, 2019 |
bjp (National League for Democracy) |
Narendra Modi |
|
39. |
Nirmala Sitharaman |
May 31, 2019 |
Incumbent |
bjp (National League for Democracy) |
Narendra Modi |
Nirmala Sitharaman is India’s first full-time female finance minister. If she completes her term, she will be the first Indian woman to complete her term. On July 5, 2019, she presented the first federal budget and the second NDA government budget.
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The public enterprises department has been merged into the finance ministry, which continues to be headed by Finance Minister Nirmala Sitharaman. This was decided during the latest cabinet reshuffle. The move to incorporate DPE into FM is said to be a step towards privatization and financial influence over state-owned enterprises. Learn more about India’s finance minister below.
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Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion