Finance ministers of India

Finance ministers of India

In this post, we share about Finance ministers of India . Ministry of Finance deals with taxation, financial legislation, financial institutions, capital markets, center and state financing, and also the Union Budget. The sooner Finance Minister of independent India has been R. K. Shanmukham Chetty, who also presented the very first Budget.

 

The NDA government has changed the custom of presenting the Union Budget on the last working day of February. From 2016 onwards, the Union Budget is presented on the initial day of February so that it could be materialized before the start of the new fiscal year in April.

Finance minister of India 2021

S.No. Name Join Date  Left Date Party
1. Liaquat Ali Khan 29 October 1946 14 August 1947 India Muslim League
2. R. K. Shanmukham Chetty 15 August 1947 17 August 1948 Indian National Congress(INC)
3. John Mathai 22 September 1948 01 June 1950 Indian National Congress(INC)
4. C. D. Deshmukh 01 June 1950 1 August 1956 Indian National Congress(INC)
5. Jawaharlal Nehru 1 August 1956 30 August 1956 Indian National Congress(INC)
6. T. T. Krishnamachari 30 August 1956 14 February 1958 Indian National Congress(INC)
7. Jawaharlal Nehru 14 February 1958 22 March 1958 Indian National Congress(INC)
8. Morarji Desai 22 March 1958 31 August 1963 Indian National Congress(INC)
9. T. T. Krishnamachari 31 August 1963 31 December 1965 Indian National Congress(INC)
10. Sachindra Chaudhuri 1 January 1966 13 March 1967 Indian National Congress(INC)
11. Morarji Desai 13 March 1967 16 July 1969 Indian National Congress(INC)
12. Indira Gandhi 16 July 1969 27 June 1970 Indian National Congress(INC)
13. Yashwantrao Chavan 27 June 1970 10 October 1974 Indian National Congress(INC)
14. Chidambaram Subramaniam 10 October 1974 24 March 1977 Indian National Congress(INC)
15. Haribhai M. Patel 26 March 1977 24 January 1979 Janata Party (JP)
16. Charan Singh 24 January 1979 16 July 1979 Janata Party(JP)
17. Hemvati Nandan Bahuguna 28 July 1979 19 October 1979 Janata Party(JP)
18. R. Venkataraman 14 January 1980 15 January 1982 Indian National Congress(INC)
19. Pranab Mukherjee 15 January 1982 31 December 1984 Indian National Congress(INC)
20. V. P. Singh 31 December 1984 24 January 1987 Indian National Congress(INC)
21.
Rajiv Gandhi
24 January 1987
25 July 1987
Indian National Congress(INC)
22. N. D. Tiwari 25 July 1987 25 June 1988 Indian National Congress(INC)
23. Shankarrao Chavan 25 June 1988 2 December 1989 Indian National Congress(INC)
24. Madhu Dandavate 5 December 1989 10 November 1990 Janata Dal(JD)
25. Yashwant Sinha 21 November 1990 21 June 1991 Samajwadi Janata Party(SJP)
26. Manmohan Singh 21 June 1991 16 May 1996 Indian National Congress(INC)
27. Jaswant Singh 16 May 1996 1 June 1996 Bharatiya Janata Party(BJP)
28. P. Chidambaram 1 June 1996 21 April 1997 Tamil Maanila Congress(TMC)
29. I.K. Gujral 21 April 1997 1 May 1997 Janata Dal(JD)
30. P. Chidambaram 1 May 1997 19 March 1998 Tamil Maanila Congress(TMC)
31. Yashwant Sinha 19 March 1998 1 July 2002 Bharatiya Janata Party(BJP)
32. Jaswant Singh 1 July 2002 22 May 2004 Bharatiya Janata Party(BJP)
33. P. Chidambaram 22 May 2004 30 November 2008 Indian National Congress(INC)
34. Manmohan Singh 30 November 2008 24 January 2009 Indian National Congress(INC)
35. Pranab Mukherjee 24 January 2009 26 June 2012 Indian National Congress(INC)
36. Manmohan Singh 26 June 2012 31 July 2012 Indian National Congress(INC)
37. P. Chidambaram 31 July 2012 26 May 2014 Indian National Congress(INC)
38. Arun Jaitley 26 May 2014 30 May 2019 Bharatiya Janata Party(BJP)
39. Nirmala Sitharaman 30 May 2019 Present Bharatiya Janata Party(BJP)




 

Nirmala Sitharaman is your very first fulltime female Finance Minister of India. When she completes her entire term, she’d be the first Indian woman to do so. About 5 July 2019, she introduced her initial Union Budget and next of the NDA government.



The Budget or yearly financial statement is presented each year by the Finance Minister of the nation.

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