List of Finance Ministers of India: 1947 to 2022

 Finance Minister of India List Since 1947- 2022 

 Finance Minister of India 2022 

 The stream Finance Minister of India is Nirmala Sitharaman. This composition rotate around this particular ministry, The Ministry of Finance, and related motifs. 

 The current Finance Minister of India Nirmala Sitharaman 

Nirmala Sitharaman is an Indian economist and legislator who has been a member of the Rajya Sabha since 2014. She's the current Minister of Finance and Corporate event of India. Sitharaman formerly served as India’s Defense Minister. After Indira Gandhi, she's India’s alternate womanish service minister and alternate womanish finance minister. Nirmala Sitharaman is the first woman to hold the location of Finance Minister on a full- time base. She has served as a Minister of State for Finance and Corporate Affairs in the Ministry of Finance as well as an individualistic  Minister for Commerce and Industry. 

 

 Sitharaman was named to Forbes ’ list of the 100 most important women in the world for 2020. In Forbes 2020’s list of the 100 most important women in the world, she was rated 41st. 

 Nirmala Sitharaman was born into a Tamil family in Madurai, Tamil Nadu, and entered her education at Madras and Tiruchirappalli. Nirmala Sitharaman earned a Bachelorette of trades degree in economics from Seethalakshmi Ramaswami College in Tiruchirapalli in 1980, a Master of trades degree in economics and anM.Phil. from Jawaharlal Nehru University in Delhi in 1984, and also enrolled in a PhD programme in Economics with a focus on Indo- European trade from Jawaharlal Nehru University in Delhi in 1985. She latterly dropped out of the programme and dislocated to London, noway finishing her degree. 

In 2006, Sitharaman joined the BJP. In 2010, she was named as the party’s spokesperson. She was appointed as a inferior minister in Narendra Modi’s government in 2014. She was tagged to the Rajya Sabha in June 2014. She was one of the 12 campaigners nominated by the BJP to run for the Rajya Sabha choices in May 2016, and she won her seat in Karnataka. 

 The First Finance Minister of IndiaR.K. Shanmukham Chetty 

 Sir Ramasamy Kandasamy Shanmukham Chetty was the foremost Finance Minister of India.R.K. Shanmukham Chetty was an Indian counsel, economist, and politician who was the country’s first finance minister after independence. He was in the army from 1947 until 1948. 

Shanmukham Chetty was born in Coimbatore in 1892, and after completing his training at Madras Christian College and Madras Law College, he entered politics. He was a member of both the Indian nationalist Swaraj Party and the judge Party in India. Shanmukham Chetty was tagged to the Indian Parliament’s Central Legislative Assembly. From 1931 to 1935, he was indeed its Deputy President. Chetty returned to South India after losing the 1935 choices. From 1935 to 1941, he was the Diwan of the Cochin kingdom . Chetty was a major supporter of the Tamil Isai Movement during his public life and combined with a number of social enterprises. 

Chetty came India’s Finance Minister after the country’s independence in 1947. When India’s first budget was submit  in Parliament on November 26, 1947, Shanmukham Chetty was the Finance Minister. 

 

 Finance Ministers of India Ministry of Finance Departments 

Department of Economic Affairs 

 The Department of Economic Affairs is the Union Government’s nodal department for developing and covering the country’s profitable programs and programmes. This department’s main liabilities include preparing and presenting the Union Budget to congress, as well as budgets for state governments under President’s Rule and union home administrations. 

 

 Department of Expenditure 

The Department of Expenditure is the main department for supervising the Central Government’s public fiscal operation system and matters relating to state finances. The department also coordinates effects relating to the Ministry of Finance, including the Ministry’s conditioning in Parliament. 

 

 Department of Financial Services 

 Banks, insurance, and fiscal services supplied by colorful government agencies and marketable enterprises are all covered by the Department of Financial Services. Pension changes, Industrial Finance, and Micro, Small, and Medium Enterprise are all protect. The Pradhan Mantri Jan Dhan Yojana was launched. 

 Department of Investment and Public Asset Management 

 The Department of Disinvestment, which was established as an independent ministry in December 1999, has been renamed the Department of Investment and Public Asset Management, or ‘ DIPAM. ’ When the ministry was converted into a department of the Ministry of Finance in May 2004, the Department of Disinvestments was formed. The department assumed all of the liabilities of the former ministry, which was in charge of developing a methodical policy approach to disinvestment and privatization of public sector units. 

Department of Public Enterprises 

 The Ministry of Finance has taken over the Department of Public Enterprises, which was preliminarily part of the Ministry of Heavy diligence and Public Enterprises. 

 FAQs on Finance Minister of India List Since 1947- 2022 

 Who's the current Finance Minister of India? 

The current Finance Minister of India is Nirmala Sitharaman. 

 

 Who's Nirmala Sitharaman? 

 Nirmala Sitharaman is an Indian economist and politician and is also the current Minister of Finance and Corporate event of India. 

What ministry did Nirmala Sitharaman formerly serve? 

Sitharaman formerly served as India’s Defense Minister. 

Who was the first Finance Minister of India? 

Sir Ramasamy Kandasamy Shanmukham Chetty was the first Finance Minister of India. 

Who was India’s Finance Minister when India’s first budget was tabled in Parliament on November 26, 1947? 

When India’s first budget was tabled in Parliament on November 26, 1947, Shanmukham Chetty was the Finance Minister.