T. T. Krishnamachari - Revision history

2405:201:4013:BA44:8D5F:50D4:7770:A35A: /* Later life */

2021-12-06T04:39:43Z

Later life

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	'''Tiruvellore Thattai Krishnamachari''' (1899–1974) was an Indian politician who served as Finance Minister from 1956 to 1958 and from 1964 to 1966. He was also a founding member of the first governing body of the National Council of Applied Economic Research (NCAER) in New Delhi, India's first independent economic policy institute established in 1956		'''Tiruvellore Thattai Krishnamachari''' (1899–1974) was an Indian politician who served as Finance Minister from 1956 to 1958 and from 1964 to 1966. He was also a founding member of the first governing body of the National Council of Applied Economic Research (NCAER) in New Delhi, India's first independent economic policy institute established in 1956.

	Krishnamachari graduated from [[Madras Christian College]] (MCC) and was a visiting professor to the department of economics at MCC. He was popularly known as TTK. He has the ignominy of being the first minister in free India to have resigned due to his involvement in a [[corruption in India\|scam]].<ref name=r1>Subramanian, Samanth. (9 May 2012) [http://india.blogs.nytimes.com/2012/05/09/long-view-indias-very-first-corruption-scandal/ Long View: India's Very First Corruption Scandal]. ''The New York Times''.</ref> He was also a [[Constituent Assembly of India\|member of drafting committee]], an entrepreneur and prominent leader within the [[Indian National Congress]].He was also deputy viceroy from 1947-1950.		Krishnamachari graduated from [[Madras Christian College]] (MCC) and was a visiting professor to the department of economics at MCC. He was popularly known as TTK. He has the ignominy of being the first minister in free India to have resigned due to his involvement in a [[corruption in India\|scam]].<ref name=r1>Subramanian, Samanth. (9 May 2012) [http://india.blogs.nytimes.com/2012/05/09/long-view-indias-very-first-corruption-scandal/ Long View: India's Very First Corruption Scandal]. ''The New York Times''.</ref> He was also a [[Constituent Assembly of India\|member of drafting committee]], an entrepreneur and prominent leader within the [[Indian National Congress]].He was also deputy viceroy from 1947-1950.
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	==Political life==		==Political life==
	~~Siddhant Tiwari~~ was initially elected to the Madras Legislative Assembly as an independent member, and later joined the Congress. In 1946, he was made a member of the Constituent Assembly at the Centre. From 1952 to 1965, he served the country twice as a Central Minister. He was the first minister for Commerce and Industry and also served as finance minister for 2 times. He also remained in charge of the Steel Ministry for quite some time. He became a Minister again in 1962, first without portfolio, then the Minister for Economic and Defense Cooperation and finally the finance Minister again, in 1964 and finally retired in 1966.<ref>[http://www.winentrance.com/general_knowledge/t-t-krishnamachari.html Biography of T. T. Krishnamachari]. Winentrance.com (14 April 2011). Retrieved on 2018-11-15.</ref>		Krishnamachari was initially elected to the Madras Legislative Assembly as an independent member, and later joined the Congress. In 1946, he was made a member of the Constituent Assembly at the Centre. From 1952 to 1965, he served the country twice as a Central Minister. He was the first minister for Commerce and Industry and also served as finance minister for 2 times. He also remained in charge of the Steel Ministry for quite some time. He became a Minister again in 1962, first without portfolio, then the Minister for Economic and Defense Cooperation and finally the finance Minister again, in 1964 and finally retired in 1966.<ref>[http://www.winentrance.com/general_knowledge/t-t-krishnamachari.html Biography of T. T. Krishnamachari]. Winentrance.com (14 April 2011). Retrieved on 2018-11-15.</ref>

	==Later life==		==Later life==
	Krishnamachari was forced to resign from the post of Finance Minister on 18 February 1958 because of his involvement into the [[Haridas Mundhra]] scandal.<ref>[http://www.indianexpress.com/news/the-mundhra-affair/397317/0 The Mundhra affair]. Indian Express (12 December 2008). Retrieved on 2018-11-15.</ref> He was re-elected in 1962 and [[Jawaharlal Nehru]] had offered him any cabinet position except that of the Finance ministry<ref name=r1/> but was rehabilitated in 1962 as cabinet minister without a post and again as the finance minister a position that he held until 1966. He was associated with [[Madras Music Academy]]. A music hall in Madras bears his name. He died in 1974 due to age related illness.		Krishnamachari was forced to resign from the post of Finance Minister on 18 February 1958 because of his involvement into the [[Haridas Mundhra]] scandal.<ref>[http://www.indianexpress.com/news/the-mundhra-affair/397317/0 The Mundhra affair]. Indian Express (12 December 2008). Retrieved on 2018-11-15.</ref> He was re-elected in 1962 and [[Jawaharlal Nehru]] had offered him any cabinet position except that of the Finance ministry<ref name=r1/> but was rehabilitated in 1962 as cabinet minister without a post and again as the finance minister a position that he held until 1966. He was associated with [[Madras Music Academy]]. A music hall in Madras bears his name. He died in 1974 due to age related illness.

	Mowbray's Road in [[Chennai]] is renamed as TTK Road after his death.		Mowbray's Road in [[Chennai]] was renamed as TTK Road after his death.

	== References ==		== References ==

2409:4042:704:3AEA:0:0:EA8:8A1: /* Political life */

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Political life

← Older revision		Revision as of 10:24, 6 November 2021
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	==Political life==		==Political life==
	~~Krishnamachari~~ was initially elected to the Madras Legislative Assembly as an independent member, and later joined the Congress. In 1946, he was made a member of the Constituent Assembly at the Centre. From 1952 to 1965, he served the country twice as a Central Minister. He was the first minister for Commerce and Industry and also served as finance minister for 2 times. He also remained in charge of the Steel Ministry for quite some time. He became a Minister again in 1962, first without portfolio, then the Minister for Economic and Defense Cooperation and finally the finance Minister again, in 1964 and finally retired in 1966.<ref>[http://www.winentrance.com/general_knowledge/t-t-krishnamachari.html Biography of T. T. Krishnamachari]. Winentrance.com (14 April 2011). Retrieved on 2018-11-15.</ref>		Siddhant Tiwari was initially elected to the Madras Legislative Assembly as an independent member, and later joined the Congress. In 1946, he was made a member of the Constituent Assembly at the Centre. From 1952 to 1965, he served the country twice as a Central Minister. He was the first minister for Commerce and Industry and also served as finance minister for 2 times. He also remained in charge of the Steel Ministry for quite some time. He became a Minister again in 1962, first without portfolio, then the Minister for Economic and Defense Cooperation and finally the finance Minister again, in 1964 and finally retired in 1966.<ref>[http://www.winentrance.com/general_knowledge/t-t-krishnamachari.html Biography of T. T. Krishnamachari]. Winentrance.com (14 April 2011). Retrieved on 2018-11-15.</ref>

	==Later life==		==Later life==
	Krishnamachari was forced to resign from the post of Finance Minister on 18 February 1958 because of his involvement into the [[Haridas Mundhra]] scandal.<ref>[http://www.indianexpress.com/news/the-mundhra-affair/397317/0 The Mundhra affair]. Indian Express (12 December 2008). Retrieved on 2018-11-15.</ref> He was re-elected in 1962 and [[Jawaharlal Nehru]] had offered him any cabinet position except that of the Finance ministry<ref name=r1/> but was rehabilitated in 1962 as cabinet minister without a post and again as the finance minister a position that he held until 1966. ~~Upon~~ his ~~retirement, he~~ died in 1974 due to age related illness.		Krishnamachari was forced to resign from the post of Finance Minister on 18 February 1958 because of his involvement into the [[Haridas Mundhra]] scandal.<ref>[http://www.indianexpress.com/news/the-mundhra-affair/397317/0 The Mundhra affair]. Indian Express (12 December 2008). Retrieved on 2018-11-15.</ref> He was re-elected in 1962 and [[Jawaharlal Nehru]] had offered him any cabinet position except that of the Finance ministry<ref name=r1/> but was rehabilitated in 1962 as cabinet minister without a post and again as the finance minister a position that he held until 1966. He was associated with [[Madras Music Academy]]. A music hall in Madras bears his name. He died in 1974 due to age related illness.

	Mowbray's Road in [[Chennai]] is renamed as TTK Road after his death.		Mowbray's Road in [[Chennai]] is renamed as TTK Road after his death.

imported>Zwerubae: /* Early life */

2021-07-27T06:22:47Z

Early life

New page

{{Short description|Indian politician}}
{{Use Indian English|date=June 2015}}
{{Use dmy dates|date=November 2018}}
{{Infobox Officeholder
| honorific-prefix =
| name = Tiruvellore Thattai Krishnamachari
| honorific-suffix =
| image = TT Krishnamachari 2002 stamp of India.jpg
| imagesize =
| order1 = [[Member of Parliament, Lok Sabha]] for [[Chennai South (Lok Sabha constituency)|Madras South]]
| term_start1 = 1957
| term_end1 = 1962
| monarch1 =
| primeminister1 = [[Pandit Jawaharlal Nehru|Pandit Nehru]]
| predecessor1 = None
| successor1 =
| order2 = [[Member of Parliament, Lok Sabha]] for [[Chennai (Lok Sabha constituency)|Madras]]
| term_start2 = 1951
| term_end2 = 1957
| monarch2 =
| primeminister2 = [[Pandit Jawaharlal Nehru]]
| predecessor2 = None
| successor2 = Bifurcated into Madras North and Madras South constituencies
| birth_date = 1899
| birth_place = [[Madras]], [[British India]]
| children = TT Rangasamy <br/> TT Narasimman
| death_date = 1974 (age 74-75)
| death_place =
| nationality = [[India]]n
| party = [[Indian National Congress]]
| alma_mater =
| profession = [[Politician]], Entrepreneur [[TTK Group|TTK group]]

}}

'''Tiruvellore Thattai Krishnamachari''' (1899–1974) was an Indian politician who served as Finance Minister from 1956 to 1958 and from 1964 to 1966. He was also a founding member of the first governing body of the National Council of Applied Economic Research (NCAER) in New Delhi, India's first independent economic policy institute established in 1956

Krishnamachari graduated from [[Madras Christian College]] (MCC) and was a visiting professor to the department of economics at MCC. He was popularly known as TTK. He has the ignominy of being the first minister in free India to have resigned due to his involvement in a [[corruption in India|scam]].<ref name=r1>Subramanian, Samanth. (9 May 2012) [http://india.blogs.nytimes.com/2012/05/09/long-view-indias-very-first-corruption-scandal/ Long View: India's Very First Corruption Scandal]. ''The New York Times''.</ref> He was also a [[Constituent Assembly of India|member of drafting committee]], an entrepreneur and prominent leader within the [[Indian National Congress]].He was also deputy viceroy from 1947-1950.

==Early life==
T. T. Krishnamachari was born in 1899 into a [[Tamil Brahmin]] family in the city of [[Madras]] (now Chennai). His father T. T. Rangachari was a judge in the High Court. He attended the [[Dharmamurthi Rao Bhahadur Calavala Cunnan Chetty's Hindu College|Dharmamurthi Rao Bahadur Calavala Cunnan Chetty's Hindu Higher Secondary School]], & later graduated from [[Madras Christian College]].<ref>{{cite book|author1=Herdeck, Margaret |author2=Piramal, Gita |title=India's Industrialists |url=https://books.google.com/books?id=xcbBEHHI-90C&pg=PA368 |year=1985 |publisher=Lynne Rienner Publishers |isbn=978-0-89410-415-2 |pages=368–}}</ref> He founded [[TTK Group|TTK group]], an Indian business [[Conglomerate (company)|conglomerate]] famous for its Prestige brand, in the year 1928.

==Political life==
Krishnamachari was initially elected to the Madras Legislative Assembly as an independent member, and later joined the Congress. In 1946, he was made a member of the Constituent Assembly at the Centre. From 1952 to 1965, he served the country twice as a Central Minister. He was the first minister for Commerce and Industry and also served as finance minister for 2 times. He also remained in charge of the Steel Ministry for quite some time. He became a Minister again in 1962, first without portfolio, then the Minister for Economic and Defense Cooperation and finally the finance Minister again, in 1964 and finally retired in 1966.<ref>[http://www.winentrance.com/general_knowledge/t-t-krishnamachari.html Biography of T. T. Krishnamachari]. Winentrance.com (14 April 2011). Retrieved on 2018-11-15.</ref>

==Later life==
Krishnamachari was forced to resign from the post of Finance Minister on 18 February 1958 because of his involvement into the [[Haridas Mundhra]] scandal.<ref>[http://www.indianexpress.com/news/the-mundhra-affair/397317/0 The Mundhra affair]. Indian Express (12 December 2008). Retrieved on 2018-11-15.</ref> He was re-elected in 1962 and [[Jawaharlal Nehru]] had offered him any cabinet position except that of the Finance ministry<ref name=r1/> but was rehabilitated in 1962 as cabinet minister without a post and again as the finance minister a position that he held until 1966. Upon his retirement, he died in 1974 due to age related illness.

Mowbray's Road in [[Chennai]] is renamed as TTK Road after his death.

== References ==
{{Reflist}}

==External links==
* [http://www.indiainfoline.com/bu05/over.html Budget over the years]

{{s-start}}
{{s-off}}
{{succession box|
before=[[Chintamanrao Deshmukh]]|
title=[[Finance Minister of India]]|
years=1957–1958|
after=[[Jawaharlal Nehru]]
}}
{{succession box|
before=[[Morarji Desai]]|
title=[[Finance Minister of India]]|
years=1964–1965|
after=[[Sachindra Chaudhuri]]
}}

{{s-end}}

{{Ministry of Finance (India)}}
{{Ministry of Commerce and Industry (India)}}
{{Authority control}}

{{DEFAULTSORT:Krishnamachari, T.T.}}
[[Category:1899 births]]
[[Category:1974 deaths]]
[[Category:2nd Lok Sabha members]]
[[Category:3rd Lok Sabha members]]
[[Category:Commerce and Industry Ministers of India]]
[[Category:Finance Ministers of India|Krihnamachari, T. T.]]
[[Category:Indian independence activists from Tamil Nadu]]
[[Category:Indian National Congress politicians from Tamil Nadu]]
[[Category:Lok Sabha members from Tamil Nadu]]
[[Category:Madras Christian College alumni]]
[[Category:Ministers for Corporate Affairs]]
[[Category:Politicians from Chennai]]
[[Category:TTK Group]]