Finance Minister of India
Encyclopedia
The Minister of Finance, also known as the Finance Minister
of India
is a cabinet
position in the Government of India
and heads the Ministry of Finance
. He drafts the general budget
of the country, and is in charge of the national economy. Currently, Pranab Mukherjee
holds the charge of finance ministry.
Finance minister
The finance minister is a cabinet position in a government.A minister of finance has many different jobs in a government. He or she helps form the government budget, stimulate the economy, and control finances...
of India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
is a cabinet
Cabinet (government)
A Cabinet is a body of high ranking government officials, typically representing the executive branch. It can also sometimes be referred to as the Council of Ministers, an Executive Council, or an Executive Committee.- Overview :...
position in the Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
and heads the Ministry of Finance
Ministry of Finance (India)
The Ministry of Finance is an important ministry within the Government of India. It concerns itself with taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget....
. He drafts the general budget
Union budget of India
The Union Budget of India, referred to as the annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the last working day of February by the Finance Minister of India in Parliament...
of the country, and is in charge of the national economy. Currently, Pranab Mukherjee
Pranab Mukherjee
Pranab Kumar Mukherjee is the current Finance Minister of India and leader of the current Lok Sabha.Mukherjee is a senior member of the Cabinet Committees on Economic Affairs, Infrastructure, Parliamentary Affairs, Political Affairs, Prices, Security, Unique Identification Authority of India,...
holds the charge of finance ministry.
| Finance Minister | Term | Education |
|---|---|---|
| Liaquat Ali Khan Liaquat Ali Khan For other people with the same or similar name, see Liaqat Ali Nawabzada Liaquat Ali Khan was a Pakistani statesman who became the first Prime Minister of Pakistan, Defence minister and Commonwealth, Kashmir Affairs... |
1946-1947 | Aligarh Muslim University Aligarh Muslim University Aligarh Muslim University ,is a residential academic university, established in 1875 by Sir Syed Ahmed Khan as Mohammedan Angelo-Oriental College and later granted the status of Central University by an Act of the Indian Parliament in 1920... ; Oxford University; Middle Temple Middle Temple The Honourable Society of the Middle Temple, commonly known as Middle Temple, is one of the four Inns of Court exclusively entitled to call their members to the English Bar as barristers; the others being the Inner Temple, Gray's Inn and Lincoln's Inn... |
| R. K. Shanmukham Chetty R. K. Shanmukham Chetty Sir Ramasamy Chetty Kandasamy Shanmukham Chetty KCIE was an Indian lawyer, economist and politician who served as independent India's first finance minister from 1947 to 1949... |
1947-1949 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... |
| John Mathai John Mathai John Matthai was an economist who served as India's first Railway Minister and subsequently as India's Finance Minister, taking office shortly after the presentation of India's first Budget, in 1948. Mathai graduated in economics from Madras Christian College. He served as a part-time professor in... |
1949-1951 | Madras Christian College Madras Christian College The Madras Christian College, commonly known as MCC, is a liberal arts and sciences college in Madras , India. Founded in 1837, MCC is one of Asia's oldest extant colleges. Currently, the college is affiliated to the University of Madras, but functions as an autonomous institution from its campus... |
| Chintamanrao Deshmukh | 1951-1957 | Jesus College, Cambridge Jesus College, Cambridge Jesus College is a constituent college of the University of Cambridge, England.The College was founded in 1496 on the site of a Benedictine nunnery by John Alcock, then Bishop of Ely... |
| T. T. Krishnamachari T. T. Krishnamachari - References :... |
1957-1958 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... |
| Jawaharlal Nehru Jawaharlal Nehru Jawaharlal Nehru , often referred to with the epithet of Panditji, was an Indian statesman who became the first Prime Minister of independent India and became noted for his “neutralist” policies in foreign affairs. He was also one of the principal leaders of India’s independence movement in the... |
1958-1959 | Trinity College, Cambridge Trinity College, Cambridge Trinity College is a constituent college of the University of Cambridge. Trinity has more members than any other college in Cambridge or Oxford, with around 700 undergraduates, 430 graduates, and over 170 Fellows... ; Middle Temple Middle Temple The Honourable Society of the Middle Temple, commonly known as Middle Temple, is one of the four Inns of Court exclusively entitled to call their members to the English Bar as barristers; the others being the Inner Temple, Gray's Inn and Lincoln's Inn... |
| Morarji Desai Morarji Desai Morarji Ranchhodji Desai was an Indian independence activist and the fourth Prime Minister of India from 1977–79. He was the first Indian Prime Minister who did not belong to the Indian National Congress... |
1959-1964 | University of Bombay |
| T. T. Krishnamachari T. T. Krishnamachari - References :... |
1964-1965 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... |
| Sachindra Chaudhuri | 1965-1967 | University of Calcutta University of Calcutta The University of Calcutta is a public university located in the city of Kolkata , India, founded on 24 January 1857... |
| Morarji Desai Morarji Desai Morarji Ranchhodji Desai was an Indian independence activist and the fourth Prime Minister of India from 1977–79. He was the first Indian Prime Minister who did not belong to the Indian National Congress... |
1967-1970 | University of Bombay |
| Indira Gandhi Indira Gandhi Indira Priyadarshini Gandhara was an Indian politician who served as the third Prime Minister of India for three consecutive terms and a fourth term . She was assassinated by Sikh extremists... |
1970-1971 | Visva-Bharati University Visva-Bharati University Visva Bharati University is a Central University for research and teaching in India, located in the twin towns of Santiniketan and Sriniketan in the Indian state of West Bengal. It was founded by Rabindranath Tagore who called it Visva Bharati, which means the communion of the world with India... ; University of Oxford University of Oxford The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096... |
| Yashwantrao Chavan Yashwantrao Chavan Yashwantrao Balwantrao Chavan was the first Chief Minister of Maharashtra after the division of Bombay State and the fifth Deputy Prime Minister of India. He was a strong Congress leader, Cooperative leader, social activist and writer. He was popularly known as Leader of Common People... |
1971-1975 | Pune University |
| C. Subramaniam | 1975-1977 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... |
| H M Patel | 1977-1979 | University of Bombay |
| Choudhary Charan Singh Choudhary Charan Singh Chaudhary Charan Singh was the fifth Prime Minister of the Republic of India, serving from 28 July 1979 until 14 January 1980.Born into a Jat family in 1902, Charan Singh entered politics as part of the Independence Movement... |
1979-1980 | Meerut University |
| Ramaswamy Venkataraman | 1980-1982 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... |
| Pranab Mukherjee Pranab Mukherjee Pranab Kumar Mukherjee is the current Finance Minister of India and leader of the current Lok Sabha.Mukherjee is a senior member of the Cabinet Committees on Economic Affairs, Infrastructure, Parliamentary Affairs, Political Affairs, Prices, Security, Unique Identification Authority of India,... |
1982-1985 | University of Calcutta University of Calcutta The University of Calcutta is a public university located in the city of Kolkata , India, founded on 24 January 1857... |
| V.P. Singh | 1985-1987 | University of Allahabad; University of Pune University of Pune The University of Pune , is a university located in northwestern Pune, India. It was founded in 1949. Spread over a campus, the university is home to 46 academic departments... |
| S.B. Chavan | 1987-1989 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... ; Osmania University Osmania University Osmania University , , since 1918, is a public university located in Hyderabad, Andhra Pradesh, India. It was established and named after the last Nizam of Hyderabad, Mir Osman Ali Khan. It is one of the oldest modern universities in India. It is the first Indian University to have Urdu and... |
| Madhu Dandavate Madhu Dandavate Madhu Dandavate was an Indian politician.He was born in a Deshastha family. He was popularly known as an Economist.... |
1989-1990 | Royal Institute of Science Institute of Science The Institute of Science is an institution of postgraduate education and research located in Mumbai, India. It is managed by the Government of Maharashtra and is currently affiliated to the University of Mumbai.Established in 1920... , University of Bombay |
| Yashwant Sinha Yashwant Sinha Yashwant Sinha is an Indian politician and a former finance minister of India and foreign minister in Atal Bihari Vajpayee's cabinet... |
1990-1991 | University of Patna University of Patna The Patna University, Hindi: पटना विश्वविद्यालय, the first university in Bihar, was established in 1917 during the British Raj, and is the seventh oldest university of the Indian subcontinent. At that time, the jurisdiction of the university extended to Bihar, Orissa, and the Kingdom of Nepal... |
| Manmohan Singh Manmohan Singh Manmohan Singh is the 13th and current Prime Minister of India. He is the only Prime Minister since Jawaharlal Nehru to return to power after completing a full five-year term. A Sikh, he is the first non-Hindu to occupy the office. Singh is also the 7th Prime Minister belonging to the Indian... |
1991-1996 | Panjab University, Chandigarh Panjab University, Chandigarh Panjab University is one of the oldest universities in India. The university campus is residential, spread over an area of in sectors 14 and 25 of the city of Chandigarh... ; St John's College, Cambridge St John's College, Cambridge St John's College is a constituent college of the University of Cambridge. The college's alumni include nine Nobel Prize winners, six Prime Ministers, three archbishops, at least two princes, and three Saints.... ; Nuffield College, Oxford Nuffield College, Oxford Nuffield College is one of the constituent colleges of the University of Oxford in England. It is an all-graduate college and primarily a research establishment, specialising in the social sciences, particularly economics, politics and sociology. It is a research centre in the social sciences... |
| P.Chidambaram | 1996-1998 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... ; Harvard Business School Harvard Business School Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive... |
| Yashwant Sinha Yashwant Sinha Yashwant Sinha is an Indian politician and a former finance minister of India and foreign minister in Atal Bihari Vajpayee's cabinet... |
1998-2002 | University of Patna University of Patna The Patna University, Hindi: पटना विश्वविद्यालय, the first university in Bihar, was established in 1917 during the British Raj, and is the seventh oldest university of the Indian subcontinent. At that time, the jurisdiction of the university extended to Bihar, Orissa, and the Kingdom of Nepal... |
| Jaswant Singh Jaswant Singh - Career :He is one of the few Indian politicians to have been the Minister for Defence, Finance and External Affairs.He started the new government of Vajpayee, which lasted its full term, as the External Affairs Minister and later on switched his ministry to Finance with Yashwant Sinha... |
2002-2004 | National Defence Academy (India) |
| P.Chidambaram | May 2004 - Nov 2008 | University of Madras University of Madras The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India... ; Harvard Business School Harvard Business School Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive... |
| Manmohan Singh Manmohan Singh Manmohan Singh is the 13th and current Prime Minister of India. He is the only Prime Minister since Jawaharlal Nehru to return to power after completing a full five-year term. A Sikh, he is the first non-Hindu to occupy the office. Singh is also the 7th Prime Minister belonging to the Indian... |
Dec 2008 - Jan 2009 | Panjab University, Chandigarh Panjab University, Chandigarh Panjab University is one of the oldest universities in India. The university campus is residential, spread over an area of in sectors 14 and 25 of the city of Chandigarh... ; St John's College, Cambridge St John's College, Cambridge St John's College is a constituent college of the University of Cambridge. The college's alumni include nine Nobel Prize winners, six Prime Ministers, three archbishops, at least two princes, and three Saints.... ; Nuffield College, Oxford Nuffield College, Oxford Nuffield College is one of the constituent colleges of the University of Oxford in England. It is an all-graduate college and primarily a research establishment, specialising in the social sciences, particularly economics, politics and sociology. It is a research centre in the social sciences... |
| Pranab Mukherjee Pranab Mukherjee Pranab Kumar Mukherjee is the current Finance Minister of India and leader of the current Lok Sabha.Mukherjee is a senior member of the Cabinet Committees on Economic Affairs, Infrastructure, Parliamentary Affairs, Political Affairs, Prices, Security, Unique Identification Authority of India,... |
Feb 2009 - present | University of Calcutta University of Calcutta The University of Calcutta is a public university located in the city of Kolkata , India, founded on 24 January 1857... |