Minister of Finance (India)
(Redirected from Finance Minister of India)
| Minister of Finance Vitt Mantrī | |
|---|---|
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| Ministry of Finance | |
| Style | The Honourable |
| Abbreviation | FM |
| Member of | Cabinet Cabinet Committee on Security |
| Appointer | President on the advice of the Prime Minister |
| Inaugural holder | R. K. Shanmukham Chetty |
| Formation | 15 August 1947 |
The Minister of Finance (Vitt Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior offices of the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. A key duty of the Finance Minister is to present the annual Union Budget in Parliament, detailing the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines allocations to all the ministries and departments. The Minister is assisted by the Minister of State for Finance and the junior Deputy Minister of Finance.
There have been a number of Ministers of Finance that went on to become the Prime Minister; Morarji Desai, Charan Singh, Vishwanath Pratap Singh and Manmohan Singh and also to serve as the President; R.Venkataraman and Pranab Mukherjee. Several Prime Ministers have also gone on to hold the position of Minister of Finance.
The current Finance Minister of India is Nirmala Sitharaman.
Lists of Finance Ministers
| No. | Picture | Name | Term of office | Prime Minister | Party | |||
|---|---|---|---|---|---|---|---|---|
| 1 | 
|
R. K. Shanmukham Chetty | 15 August 1947[1] | 17 August 1948 | 1 year, 2 days | Jawaharlal Nehru | Indian National Congress | |
| 2 | 
|
Jawaharlal Nehru | 17 August 1948 | 22 September 1948 | 36 days | |||
| 3 | 
|
John Mathai | 22 September 1948 | 1 June 1950 | 1 year, 252 days | |||
| 4 | 
|
C. D. Deshmukh | 1 June 1950[2] | 24 July 1956 | 6 years, 53 days | |||
| (2) |
|
Jawaharlal Nehru | 24 July 1956 | 30 August 1956 | 37 days | |||
| 5 | 
|
T. T. Krishnamachari | 30 August 1956 | 14 February 1958 | 1 year, 168 days | |||
| (2) |
|
Jawaharlal Nehru | 14 February 1958 | 22 March 1958 | 36 days | |||
| 6 | .jpg)
|
Morarji Desai | 23 March 1958 | 31 August 1963 | 5 years, 161 days | |||
| (5) |
|
T. T. Krishnamachari | 31 August 1963 | 31 December 1965 | 2 years, 122 days | Nehru Nanda Shastri | ||
| 7 | .jpg)
|
Sachindra Chaudhuri | 1 January 1966 | 12 March 1967 | 1 year, 70 days | Shastri Indira Gandhi | ||
| (6) | .png)
|
Morarji Desai | 13 March 1967 | 16 July 1969 | 2 years, 125 days | Indira Gandhi | ||
| 8 | 
|
Indira Gandhi | 16 July 1969 | 27 June 1970 | 346 days | |||
| 9 | 
|
Yashwantrao Chavan | 27 June 1970 | 10 October 1974 | 4 years, 105 days | |||
| 10 | 
|
Chidambaram Subramaniam | 10 October 1974 | 24 March 1977 | 2 years, 165 days | |||
| (6) |
|
Morarji Desai | 24 March 1977 | 26 March 1977 | 2 days | Morarji Desai | Janata Party | |
| 11 | Hirubhai M. Patel | 26 March 1977 | 24 January 1979 | 1 year, 304 days | ||||
| 12 | 
|
Charan Singh | 24 January 1979 | 16 July 1979 | 173 days | |||
| (6) |
|
Morarji Desai | 16 July 1979 | 28 July 1979 | 12 days | |||
| 13 | .jpg)
|
Hemwati Nandan Bahuguna | 28 July 1979 | 19 October 1979 | 83 days | Charan Singh | Janata Party (Secular) | |
| (12) |
|
Charan Singh | 19 October 1979 | 14 January 1980 | 87 days | |||
| 14 | .jpg)
|
R. Venkataraman | 14 January 1980 | 15 January 1982 | 2 years, 1 day | Indira Gandhi | Indian National Congress | |
| 15 | 
|
Pranab Mukherjee | 15 January 1982 | 31 December 1984 | 2 years, 351 days | |||
| 16 | .jpg)
|
Vishwanath Pratap Singh | 31 December 1984 | 24 January 1987 | 2 years, 24 days | Rajiv Gandhi | ||
| 17 | .jpg)
|
Rajiv Gandhi | 24 January 1987 | 25 July 1987 | 182 days | |||
| 18 | 
|
N. D. Tiwari | 25 July 1987 | 25 June 1988 | 336 days | |||
| 19 | .jpg)
|
Shankarrao Chavan | 25 June 1988 | 2 December 1989 | 1 year, 160 days | |||
| 20 | Madhu Dandavate | 6 December 1989 | 10 November 1990 | 343 days | V. P. Singh | Janata Dal | ||
| 21 | 
|
Yashwant Sinha | 21 November 1990 | 21 June 1991 | 212 days | Chandra Shekhar | Samajwadi Janata Party (Rashtriya) | |
| 22 | 
|
Manmohan Singh | 21 June 1991 | 16 May 1996 | 4 years, 330 days | P. V. Narasimha Rao | Indian National Congress | |
| 23 | .jpg)
|
Jaswant Singh | 16 May 1996 | 1 June 1996 | 16 days | Atal Bihari Vajpayee | Bharatiya Janata Party | |
| 24 | .jpg)
|
P. Chidambaram | 1 June 1996 | 21 April 1997 | 324 days | H. D. Deve Gowda | Tamil Maanila Congress | |
| 25 | 
|
I. K. Gujral | 21 April 1997 | 1 May 1997 | 10 days | I. K. Gujral | Janata Dal | |
| (24) |
|
P. Chidambaram | 1 May 1997 | 19 March 1998 | 322 days | Tamil Maanila Congress | ||
| (21) |
|
Yashwant Sinha | 19 March 1998 | 1 July 2002 | 4 years, 104 days | Atal Bihari Vajpayee | Bharatiya Janata Party | |
| (23) |
|
Jaswant Singh | 1 July 2002 | 22 May 2004 | 1 year, 326 days | |||
| (24) |
|
P. Chidambaram | 22 May 2004 | 30 November 2008 | 4 years, 192 days | Manmohan Singh | Indian National Congress | |
| (22) |
|
Manmohan Singh | 30 November 2008 | 24 January 2009 | 55 days | |||
| (15) |
|
Pranab Mukherjee | 24 January 2009 | 26 June 2012 | 3 years, 154 days | |||
| (22) |
|
Manmohan Singh | 26 June 2012 | 31 July 2012 | 35 days | |||
| (24) |
|
P. Chidambaram | 31 July 2012 | 26 May 2014 | 1 year, 299 days | |||
| 26 | 
|
Arun Jaitley | 26 May 2014 | 14 May 2018 | 3 years, 353 days | Narendra Modi | Bharatiya Janata Party | |
| 27 | .jpg)
|
Piyush Goyal |
14 May 2018[3] | 22 August 2018 | 100 days | |||
| (26) |
|
Arun Jaitley | 23 August 2018 | 23 January 2019 | 153 days | |||
| (27) |
|
Piyush Goyal |
23 January 2019[4] | 15 February 2019 | 23 days | |||
| (26) |
|
Arun Jaitley | 16 February 2019 | 30 May 2019 | 103 days | |||
| 28 | 
|
Nirmala Sitharaman | 30 May 2019 | Incumbent | 5 years, 30 days | |||
List of Ministers of State
| No. | Picture | Name | Term of office | Prime Minister | Party | |||
|---|---|---|---|---|---|---|---|---|
| 1 | 
|
R. K. Kumar | 20 March 1998 | 22 May 1998 | 63 days | Atal Bihari Vajpayee | All India Anna Dravida Munnetra Kazhagam | |
| 2 | Kadambur M. R. Janarthanan | 22 May 1998 | 8 April 1999 | 321 days | ||||
| 3 | 
|
V. Dhananjay Kumar | 13 October 1999 | 30 September 2000 | 353 days | Bharatiya Janata Party | ||
| 4 | Balasaheb Vikhe Patil | 13 October 1999 | 1 July 2002 | 2 years, 261 days | Shiv Sena | |||
| 5 | Gingee N. Ramachandran | 30 September 2000 | 24 May 2003 | 2 years, 236 days | Marumalarchi Dravida Munnetra Kazhagam | |||
| 6 | 
|
Anant Geete | 1 July 2002 | 26 August 2002 | 56 days | Shiv Sena | ||
| 7 | Anandrao Vithoba Adsul | 26 August 2002 | 22 May 2004 | 1 year, 270 days | ||||
| 8 | 
|
Shripad Naik | 8 September 2003 | 22 May 2004 | 257 days | Bharatiya Janata Party | ||
| 10 | 
|
Nirmala Sitharaman | 26 May 2014 | 9 November 2014 | 167 days | Narendra Modi | ||
| 11 | 
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Jayant Sinha | 9 November 2014 | 5 July 2016 | 1 year, 239 days | |||
| 12 | 
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Santosh Gangwar | 5 July 2016 | 3 September 2017 | 1 year, 60 days | |||
| 13 | 
|
Arjun Ram Meghwal | 5 July 2016 | 3 September 2017 | 1 year, 60 days | |||
| 14 | 
|
Pon Radhakrishnan | 3 September 2017 | 30 May 2019 | 1 year, 269 days | |||
| 15 | 
|
Shiv Pratap Shukla | 3 September 2017 | 30 May 2019 | 1 year, 269 days | |||
| 16 | 
|
Anurag Thakur | 30 May 2019 | 7 July 2021 | 2 years, 38 days | |||
| 17 | 
|
Bhagwat Karad | 7 July 2021 | Incumbent | 2 years, 358 days | |||
References
- ^ "COUNCIL OF MINISTERS" (PDF).
- ^ "Archived copy". Archived from the original on 22 September 2015. Retrieved 19 April 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Cabinet reshuffle: Piyush Goyal to take over finance ministry, Smriti Irani moved out of I&B".
- ^ "Piyush Goyal | Interim Finance Minister: Piyush Goyal named interim Finance & Corporate Affairs minister". The Economic Times.
External links
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