Indian Minister of Finance (or Vittamantrī) is one of the most advanced positions of the Indian government and leads the Ministry of Finance. This role is essential for managing the country’s fiscal policy and ensuring the smooth operation of the economy. The Minister of Finance is mainly responsible for proposing the annual alliance budget to the parliament. The budget summarizes the government’s fiscal strategy, including tax plans, expenditure and budget distribution to the upcoming financial annual government and departments.
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What are the main responsibilities of the Minister of Finance?
- Fiscal Policy: The design and implementation of the country’s fiscal policy, which affects tax rates, public expenditure and economic stability.
- Trade budget: The minister proposes the budget every year, which is an important document that sets a financial direction for India. The budget includes the decisions of taxation, public expenditure and financial distribution.
- Employment allocation: Minister of Finance outlines the budget regulations of all government departments and departments to ensure the appropriate distribution of financial resources.
- Aid: The Minister of Finance was supported by the Minister of Finance and the Minister of Finance, and the latter assisted in a specific field of financial portfolio.
Famous Finance Minister:
Several financial ministers have always held important positions, including becoming the Prime Minister and President of India. Famous examples include:
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- Morarji Desai and Charan Singh became prime minister.
- Vishwanath Pratap Singh and Manmohan Singh also served as the Prime Minister.
- R. Venkaraman and Praanab Mukherjee later became the President of India.
Current Minister of Finance:
The current Minister of Finance of India is Nirmala Sitharaman, who took office in 2019. In particular, she and Pranab Mukherjee are the only financial minister of the Cabinet Minister and Secretary of State in his career.
Source: Ministry of Finance
From 1947 to 2025
This is the list of the longest services of India’s services:
|
S No. |
Minister of Finance |
term of office |
Party |
Critical contribution |
|
1. |
P. Chidambaram |
8 years (1996–1998,2004–2008, 2014) |
Indian National Congress (INC) |
-Essuing the new tax system (2005) to simplify the income tax structure. -Eregrate financial liability and budget management (FRBM) bill to curb fiscal defects. -The economic stimulus plan to cope with the global financial crisis (2008). |
|
2. |
Morarji Desai |
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Indian National Congress (INC) |
-In the first and five -year plan, the focus is on industrialization and agriculture. -The main contribution to currency and bank reform. -The self -sufficiency in promoting food production. |
|
3. |
6 years (2019 -2019 – exhibit) |
Bharatiya Janata Party (BJP) |
-Stimily launched GST (2017), which simplifies India’s tax system. -The national infrastructure pipeline (NIP). -Forficiated and revoked policies. -The second woman proposed the Indian alliance budget after INDIRA Gandhi. |
|
|
4. |
CD DESHMUKH |
6 years (1951-1957) |
Indian National Congress (INC) |
-The Indian India India India India India India India and greater autonomy. -The main architect of the first five -year plan emphasizes agriculture, infrastructure and industrialization. -Thising and inflation and solve food scarcity. |
|
5. |
PrANAB MUKHERJEE |
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Indian National Congress (INC) |
-In the 2008 global financial crisis by stimulating the package. -The foundation for the implementation of GST. -Chopen financial management and financial tolerance. -Sugue the development of investment infrastructure. |
|
6. |
YASHWANT SINHA |
5 years (1990–1991, 1998–2002) |
Bharatiya Janata Party (BJP) |
-Pelaced for economic liberalization (1991). -Suctive currency depreciation (1991). -The tax reform and foundation for the GST framework. -Focten to the development of infrastructure and social benefits. |
|
7. |
Manmohan Singh |
5 years (1991-1996) |
Indian National Congress (INC) |
-Economic Liberalization Architect (1991). -The balance and major reforms in the custody payment crisis (for example, the Declanquerism of the rupee, reducing subsidies). -The policies to promote foreign investment and privatization. |
In short, India plays a change in the situation of shaping fiscal policies, promoting economic reforms and ensuring financial stability, and has a lasting impact on the economic growth and governance of the country from 1947 to 2025.
Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion