{"id":3365848,"date":"2020-06-08T12:00:39","date_gmt":"2020-06-08T06:30:39","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=3365848"},"modified":"2020-06-08T12:00:39","modified_gmt":"2020-06-08T06:30:39","slug":"finance-ministers-of-india","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/finance-ministers-of-india\/","title":{"rendered":"List of Finance Ministers of India"},"content":{"rendered":"

Ministry of Finance is one of the senior-most offices in the Union Cabinet of government of India. The Finance Minister<\/strong> is responsible for the fiscal policy of the government. Having knowledge about the head of the Ministry of Finance, their term of office and the political parties they relate to is important for aspirants taking the competitive exams. In this article we will draft the list of finance ministers we had since independence to present incumbent Finance Minister.<\/p>\n

R.K. Shanmukham Chetty was the first Finance Minister of independent India and also presented the first Union Budget. Indira Gandhi was the first female Finance Minister, although she held the post for one year i.e., from 1970 \u2013 1971. The current Finance Minister of India\u00a0 is Nirmala Sitharam, which makes her the second female to hold such a prestigious position. She took hold of the office on 31st\u00a0 May, 2019.<\/p>\n

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Major duty of the Finance Minister is to present the annual Union Budget in Parliament, which presents the government’s plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines the allocations to different ministries and departments. Occasionally, she\/he is assisted by the Minister of State for Finance and the lower-ranked Deputy Minister of Finance. The Budget or annual financial statement is presented every year by the Finance Minister of the country.<\/p>\n

\"general<\/a><\/p>\n

List of Finance Ministers of India<\/strong><\/h2>\n

Below tabulated is the list of Finance Minsters of India from the year 1946 till present.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Finance Minister<\/strong><\/td>\nTerm of Office<\/strong><\/td>\nPolitical Party<\/strong><\/td>\n<\/tr>\n
Liaquat Ali Khan<\/p>\n

 <\/td>\n

October 29, 1946<\/td>\nAugust 14, 1947<\/td>\nAll-India Muslim League<\/p>\n

 <\/td>\n<\/tr>\n

R. K. Shanmukham Chetty<\/td>\n15 August, 1947<\/td>\n17 August, 1948<\/td>\nIndian National Congress<\/td>\n<\/tr>\n
K. C. Neogy<\/td>\n1949<\/td>\n1949<\/td>\n<\/tr>\n
John Mathai<\/p>\n

 <\/td>\n

22 September 1948<\/td>\n01 June 1950<\/td>\n<\/tr>\n
C. D. Deshmukh<\/td>\n29 May, 1950<\/td>\n01 August, 1956<\/td>\n<\/tr>\n
Jawaharlal Nehru<\/td>\n01 August, 1956<\/td>\n30 August, 1956<\/td>\n<\/tr>\n
T. T. Krishnamachari<\/td>\n30 August, 1956<\/td>\n13 February, 1958<\/td>\n<\/tr>\n
Morarji Desai<\/td>\n23 March, 1958<\/td>\n31 August, 1963<\/td>\n<\/tr>\n
Sachindra Chaudhuri<\/td>\n01 January, 1966<\/td>\n13 March, 1967<\/td>\n<\/tr>\n
Indira Gandhi<\/td>\n16 July, 1969<\/td>\n27 June, 1970<\/td>\n<\/tr>\n
Yashwantrao Chavan<\/td>\n27 June, 1970<\/td>\n10 October, 1974<\/td>\n<\/tr>\n
Chidambaram Subramaniam<\/td>\n10 October, 1974<\/td>\n24 March, 1977<\/td>\n<\/tr>\n
Hirubhai M. Patel<\/td>\n24 March, 1977<\/td>\n24 January, 1979<\/td>\nJanata Party<\/td>\n<\/tr>\n
Charan Singh<\/td>\n24 January, 1979<\/td>\n28 July, 1979<\/td>\n<\/tr>\n
Hemwati Nandan Bahuguna\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hemwati<\/td>\n28 July, 1979<\/td>\n25 October, 1979<\/td>\n<\/tr>\n
R. Venkataraman<\/td>\n14 January, 1980<\/td>\n15 January, 1982<\/td>\nIndian National Congress<\/td>\n<\/tr>\n
Pranab Mukherjee<\/td>\n15 January, 1982<\/td>\n31 December, 1984<\/td>\n<\/tr>\n
V. P. Singh<\/p>\n

 <\/td>\n

31 December, 1984<\/td>\n24 January, 1987<\/td>\n<\/tr>\n
Rajiv Gandhi<\/td>\n24 January, 1987<\/td>\n25 July, 1987<\/td>\n<\/tr>\n
N. D. Tiwari<\/p>\n

 <\/td>\n

25 July, 1987<\/td>\n25 June, 1988<\/td>\n<\/tr>\n
Shankarrao Chavan<\/td>\n25 June, 1988<\/p>\n

 <\/td>\n

2 December, 1989<\/td>\n<\/tr>\n
Madhu Dandavate<\/td>\n2 December, 1989<\/td>\n10 November, 1990<\/td>\nJanata Dal<\/p>\n

(National Front)<\/td>\n<\/tr>\n

Yashwant Sinha<\/p>\n

 <\/td>\n

10 November, 1990<\/td>\n21 June, 1991<\/td>\nSamajwadi Janata Party<\/p>\n

(National Front)<\/td>\n<\/tr>\n

Manmohan Singh<\/td>\n21 June, 1991<\/td>\n16 May, 1996<\/td>\nIndian National Congress<\/td>\n<\/tr>\n
Jaswant Singh<\/td>\n16 May, 1996<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 June, 1996<\/td>\nBharatiya Janata Party<\/td>\n<\/tr>\n
P. Chidambaram<\/p>\n

 <\/td>\n

1 June, 1996<\/td>\n21 April, 1997<\/td>\nTamil Maanila Congress<\/p>\n

(United Front)<\/td>\n<\/tr>\n

I. K. Gujral<\/p>\n

 <\/p>\n

 <\/td>\n

21 April, 1997<\/td>\n1 May, 1997<\/td>\nJanata Dal<\/p>\n

(United Front)<\/td>\n<\/tr>\n

Arun Jaitley<\/p>\n

 <\/td>\n

26 May, 2014<\/td>\n14 May, 2018<\/td>\nBharatiya Janata Party<\/p>\n

(National Democratic Alliance)<\/td>\n<\/tr>\n

Piyush Goyal<\/p>\n

 <\/td>\n

14 May, 2018<\/td>\n22 August, 2018<\/td>\n<\/tr>\n
Nirmala Sitharaman<\/td>\n31 May, 2019<\/td>\nPresent<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"general<\/a><\/p>\n

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