Minister of Finance (India): Difference between revisions

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The '''Minister of Finance''' ('''Vitt Mantrī''' ) (or simply, the '''Finance Minister''', short form '''FM''') is the head of the [[Ministry of Finance (India)|Ministry of Finance]] of the [[Government of India]]. One of the senior-most offices in the [[Cabinet of India|Union Cabinet]], the finance minister is responsible for the [[fiscal policy]] of the government. As part of this, a key duty of the Finance Minister is to present the annual [[Union Budget]] in [[Parliament of India|Parliament]], which details 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, s/he is assisted by the '''Minister of State for Finance''' and the lower-ranked '''Deputy Minister of Finance'''.  
The '''Minister of Finance''' ('''Vitt Mantrī''' ) (or simply, the '''Finance Minister''', short form '''FM''') is the head of the [[Ministry of Finance (India)|Ministry of Finance]] of the [[Government of India]]. One of the senior-most offices in the [[Cabinet of India|Union Cabinet]], the finance minister is responsible for the [[fiscal policy]] of the government. As part of this, a key duty of the Finance Minister is to present the annual [[Union Budget]] in [[Parliament of India|Parliament]], which details 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, s/he is assisted by the '''Minister of State for Finance''' and the lower-ranked '''Deputy Minister of Finance'''.


There have been a number of Finance Ministers who went on to become the [[Prime Minister of India|Prime Minister]]  [[Morarji Desai]], [[Charan Singh]], [[Vishwanath Pratap Singh]] and [[Manmohan Singh]] and also to serve as the [[President of India|President]]  like [[Ramaswamy Venkataraman|R.Venkataraman]] and [[Pranab Mukherjee]]. Several other Prime Ministers have since held the additional charge of finance ministry.  
There have been a number of Finance Ministers who went on to become the [[Prime Minister of India|Prime Minister]]  [[Morarji Desai]], [[Charan Singh]], [[Vishwanath Pratap Singh]] and [[Manmohan Singh]] and also to serve as the [[President of India|President]]  like [[Ramaswamy Venkataraman|R.Venkataraman]] and [[Pranab Mukherjee]]. Several other Prime Ministers have since held the additional charge of finance ministry.


The current Finance Minister of India is [[Nirmala Sitharaman]].
The current Finance Minister of India is [[Nirmala Sitharaman]].
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|-
|-
! №
! №
! Picture
! Name
! Name
! Picture
! colspan="2"|Term of office
! colspan="2"|Term of office
!Length
!Length
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|- align=center
|- align=center
| 1
| 1
| [[File:R. Shanmukham Chetty.jpg|75px]]
| [[R. K. Shanmukham Chetty]]
| [[R. K. Shanmukham Chetty]]
| [[File:R. Shanmukham Chetty.jpg|75px]]
| 15 August 1947<ref>{{Cite web |url=https://eparlib.nic.in/bitstream/123456789/759802/1/Council_of_Ministers_English.pdf |title=COUNCIL OF MINISTERS}}</ref>
| 15 August 1947<ref>{{Cite web |url=https://eparlib.nic.in/bitstream/123456789/759802/1/Council_of_Ministers_English.pdf |title=COUNCIL OF MINISTERS}}</ref>
|5 April 2021|17 August 1948
|5 April 2021|17 August 1948
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|- align=center  
|- align=center  
| 2
| 2
| [[File:Jnehru.jpg|75px]]
| [[Jawaharlal Nehru]]
| [[Jawaharlal Nehru]]
| [[File:Jnehru.jpg|75px]]
| 5 Feb 1949
| 5 Feb 1949
|05 April
|5 April 1949
|{{Ayd|17 august 1949|22 september 1949}}
|{{Ayd|17 august 1949|22 september 1949}}
|- align=center
|- align=center
| 3
| 3
| [[File:John Mathai.jpg|75px]]
| [[John Mathai]]
| [[John Mathai]]
| [[File:John Mathai.jpg|75px]]
| 22 September 1949
| 22 September 1949
| 01 June 1950
| 1 June 1950
|{{Ayd|22 september 1949|1 june 1950}}
|{{Ayd|22 september 1949|1 june 1950}}
|- align=center
|- align=center
| 4
| 4
| [[File:CD Deshmukh crop.jpg|75px]]
| [[C. D. Deshmukh]]
| [[C. D. Deshmukh]]
| [[File:CD Deshmukh crop.jpg|75px]]
| 1 June 1950<ref>{{Cite web |url=http://photodivision.gov.in/waterMarkdetails.asp?id=14554.jpg |title=Archived copy |access-date=19 April 2016 |archive-url=https://web.archive.org/web/20150922002549/http://photodivision.gov.in/waterMarkdetails.asp?id=14554.jpg |archive-date=22 September 2015 |url-status=dead }}</ref>
| 01 June 1950<ref>{{Cite web |url=http://photodivision.gov.in/waterMarkdetails.asp?id=14554.jpg |title=Archived copy |access-date=19 April 2016 |archive-url=https://web.archive.org/web/20150922002549/http://photodivision.gov.in/waterMarkdetails.asp?id=14554.jpg |archive-date=22 September 2015 |url-status=dead }}</ref>
| 24 July 1956
| 24 July 1956
|{{Ayd|1 june 1950|24 july 1956}}
|{{Ayd|1 june 1950|24 july 1956}}
|- align=center
|- align=center
| (2)
| (2)
| [[File:Jnehru.jpg|75px]]
| [[Jawaharlal Nehru]]
| [[Jawaharlal Nehru]]
| [[File:Jnehru.jpg|75px]]
| 24 July 1956
| 24 July 1956
| 30 August 1956
| 30 August 1956
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|- align=center
|- align=center
| 5
| 5
| [[File:TT Krishnamachari 2002 stamp of India.jpg|75x75px]]
| [[T. T. Krishnamachari]]
| [[T. T. Krishnamachari]]
| [[File:TT Krishnamachari 2002 stamp of India.jpg|75x75px]]
| 30 August 1956
| 30 August 1956
| 14 February 1958
| 14 February 1958
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|- align=center
|- align=center
| (2)
| (2)
| [[File:Jnehru.jpg|75px]]
| [[Jawaharlal Nehru]]
| [[Jawaharlal Nehru]]
| [[File:Jnehru.jpg|75px]]
| 14 February 1958
| 14 February 1958
| 22 March 1958
| 22 March 1958
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|- align=center
|- align=center
| 6
| 6
| [[File:Morarji Desai (portrait).png|75px]]
| [[Morarji Desai]]
| [[Morarji Desai]]
| [[File:Morarji Desai (portrait).png|75px]]
| 23 March 1958
| 23 March 1958
| 31 August 1963
| 31 August 1963
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|- align=center
|- align=center
| (5)
| (5)
| [[File:TT Krishnamachari 2002 stamp of India.jpg|75x75px]]
| [[T. T. Krishnamachari]]
| [[T. T. Krishnamachari]]
| [[File:TT Krishnamachari 2002 stamp of India.jpg|75x75px]]
| 31 August 1963
| 31 August 1963
| 31 December 1965
| 31 December 1965
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|- align=center
|- align=center
| 7
| 7
| [[File:Sachindra Chaudhuri en Rajkumar Raghunath Sinha (1966).jpg|75x75px]]
| [[Sachindra Chaudhuri]]
| [[Sachindra Chaudhuri]]
| [[File:Sachindra Chaudhuri en Rajkumar Raghunath Sinha (1966).jpg|75x75px]]
| 1 January 1966
| 01 January 1966
| 12 March 1967
| 12 March 1967
|{{Ayd|1 january 1966|12 march 1967}}
|{{Ayd|1 january 1966|12 march 1967}}
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|- align=center
|- align=center
| (6)
| (6)
| [[File:Morarji Desai (portrait).png|75px]]
| [[Morarji Desai]]
| [[Morarji Desai]]
| [[File:Morarji Desai (portrait).png|75px]]
| 13 March 1967
| 13 March 1967
| 16 July 1969
| 16 July 1969
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|- align=center
|- align=center
| 8
| 8
| [[File:Indira Gandhi 1977.jpg|75px]]
| [[Indira Gandhi]]
| [[Indira Gandhi]]
| [[File:Indira Gandhi 1977.jpg|75px]]
| 16 July 1969
| 16 July 1969
| 27 June 1970
| 27 June 1970
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|- align=center
|- align=center
| 9
| 9
| [[File:Yashwantrao Chavan.jpg|75px]]
| [[Yashwantrao Chavan]]
| [[Yashwantrao Chavan]]
| [[File:Yashwantrao Chavan.jpg|75px]]
| 27 June 1970
| 27 June 1970
| 10 October 1974
| 10 October 1974
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|- align=center
|- align=center
| 10
| 10
| [[File:Chidambaram Subramaniam.jpg|75px]]
| [[Chidambaram Subramaniam]]
| [[Chidambaram Subramaniam]]
| [[File:Chidambaram Subramaniam.jpg|75px]]
| 10 October 1974
| 10 October 1974
| 24 March 1977
| 24 March 1977
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|- align=center
|- align=center
| (6)
| (6)
| [[File:Morarji Desai (portrait).png|75px]]
| [[Morarji Desai]]
| [[Morarji Desai]]
| [[File:Morarji Desai (portrait).png|75px]]
| 24 March 1977
| 24 March 1977
| 26 March 1977
| 26 March 1977
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|-align=center
|-align=center
| 11
| 11
|
| [[Hirubhai M. Patel]]
| [[Hirubhai M. Patel]]
|
| 26 March 1977
| 26 March 1977
| 24 January 1979
| 24 January 1979
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|- align=center
|- align=center
| 12
| 12
|[[File:Charan Singh 1990 stamp of India.jpg|75px]]
| [[Charan Singh]]
| [[Charan Singh]]
|[[File:Charan Singh 1990 stamp of India.jpg|75px]]
| 24 January 1979
| 24 January 1979
| 16 July 1979
| 16 July 1979
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|- align=center
|- align=center
| (6)
| (6)
|[[File:Morarji Desai (portrait).png|75px]]
| [[Morarji Desai]]
| [[Morarji Desai]]
|[[File:Morarji Desai (portrait).png|75px]]
| 16 July 1979
| 16 July 1979
| 28 July 1979
| 28 July 1979
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|- align=center
|- align=center
| 13
| 13
| [[File:Hemwati Nandan Bahuguna 2018 stamp of India.jpg|75px]]
| [[Hemwati Nandan Bahuguna]]
| [[Hemwati Nandan Bahuguna]]
| [[File:Hemwati Nandan Bahuguna 2018 stamp of India.jpg|75px]]
| 28 July 1979
| 28 July 1979
| 19 October 1979
| 19 October 1979
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|- align=center
|- align=center
|(12)
|(12)
|[[File:Charan Singh 1990 stamp of India.jpg|75px]]
| [[Charan Singh]]
| [[Charan Singh]]
|[[File:Charan Singh 1990 stamp of India.jpg|75px]]
| 19 October 1979
| 19 October 1979
|14 January 1980
|14 January 1980
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|- align=center
|- align=center
| 14
| 14
| [[File:R Venkataraman (cropped).jpg|75px]]
| [[R. Venkataraman]]
| [[R. Venkataraman]]
| [[File:R Venkataraman (cropped).jpg|75px]]
| 14 January 1980
| 14 January 1980
| 15 January 1982
| 15 January 1982
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|- align=center
|- align=center
| 15
| 15
| [[File:Pranab Mukherjee-World Economic Forum Annual Meeting Davos 2009 crop(2).jpg|75px]]
| [[Pranab Mukherjee]]
| [[Pranab Mukherjee]]
| [[File:Pranab Mukherjee-World Economic Forum Annual Meeting Davos 2009 crop(2).jpg|75px]]
| 15 January 1982
| 15 January 1982
| 31 December 1984
| 31 December 1984
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|- align=center
|- align=center
| 16
| 16
| [[File:V. P. Singh (cropped).jpg|75px]]
| [[V. P. Singh]]
| [[V. P. Singh]]
| [[File:V. P. Singh (cropped).jpg|75px]]
| 31 December 1984
| 31 December 1984
| 24 January 1987
| 24 January 1987
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|- align=center
|- align=center
| 17
| 17
| [[File:Rajiv Gandhi (1987).jpg|75px]]
| [[Rajiv Gandhi]]
| [[Rajiv Gandhi]]
| [[File:Rajiv Gandhi (1987).jpg|75px]]
| 24 January 1987
| 24 January 1987
| 25 July 1987
| 25 July 1987
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|- align=center
|- align=center
| 18
| 18
|[[File:Shri Narayan Dutt Tiwari.jpg|103x103px]]
| [[N. D. Tiwari]]
| [[N. D. Tiwari]]
|[[File:Shri Narayan Dutt Tiwari.jpg|103x103px]]
| 25 July 1987
| 25 July 1987
| 25 June 1988
| 25 June 1988
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|- align=center
|- align=center
| 19
| 19
| [[File:Shankarrao Chavan 2007 stamp of India.jpg|75px]]
| [[Shankarrao Chavan]]
| [[Shankarrao Chavan]]
| [[File:Shankarrao Chavan 2007 stamp of India.jpg|75px]]
| 25 June 1988
| 25 June 1988
| 02 December 1989
| 2 December 1989
|{{Ayd|25 june 1988|2 december 1989}}
|{{Ayd|25 june 1988|2 december 1989}}
|- align=center
|- align=center
| 20
| 20
|
| [[Madhu Dandavate]]
| [[Madhu Dandavate]]
|  
| 6 December 1989
| 06 December 1989
| 10 November 1990
| 10 November 1990
|{{Ayd|2 december 1989|10 november 1990}}
|{{Ayd|2 december 1989|10 november 1990}}
| [[Janata Dal]]<br /><small>([[National Front (India)|National Front]])</small>
| [[Janata Dal]]
|width="4px" bgcolor="{{Janata Dal/meta/color}}" rowspan=1|
|width="4px" bgcolor="{{Janata Dal/meta/color}}" rowspan=1|
|[[V. P. Singh]]
|[[V. P. Singh]]
|- align=center
|- align=center
| 21
| 21
| [[File:Yashwant Sinha IMF.jpg|75px]]
| [[Yashwant Sinha]]
| [[Yashwant Sinha]]
| [[File:Yashwant Sinha IMF.jpg|75px]]
| 10 November 1990
| 10 November 1990
| 21 June 1991
| 21 June 1991
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|- align=center
|- align=center
| 22
| 22
| [[File:Prime Minister Manmohan Singh in WEF ,2009 (cropped).jpg|75px]]
| [[Manmohan Singh]]
| [[Manmohan Singh]]
| [[File:Prime Minister Manmohan Singh in WEF ,2009 (cropped).jpg|75px]]
| 21 June 1991
| 21 June 1991
| 16 May 1996
| 16 May 1996
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|- align=center
|- align=center
| 23
| 23
| [[File:Jaswant Singh (cropped).jpg|75px]]
| [[Jaswant Singh]]
| [[Jaswant Singh]]
| [[File:Jaswant Singh (cropped).jpg|75px]]
| 16 May 1996
| 16 May 1996
| 1 June 1996
| 1 June 1996
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|- align=center
|- align=center
| 24
| 24
| [[File:Pchidambaram (cropped).jpg|75px]]
| [[P. Chidambaram]]
| [[P. Chidambaram]]
| [[File:Pchidambaram (cropped).jpg|75px]]
| 1 June 1996
| 1 June 1996
| 21 April 1997
| 21 April 1997
|{{Ayd|1 june 1996|21 april 1997}}
|{{Ayd|1 june 1996|21 april 1997}}
| [[Tamil Maanila Congress]]<br /><small>([[United Front (India)|United Front]])</small>
| [[Tamil Maanila Congress]]
|width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" rowspan=1|
|width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" rowspan=1|
|[[H. D. Deve Gowda]]
|[[H. D. Deve Gowda]]
|- align=center
|- align=center
| 25
| 25
| [[File:Inder Kumar Gujral 071.jpg|75px]]
| [[I. K. Gujral]]
| [[I. K. Gujral]]
| [[File:Inder Kumar Gujral 071.jpg|75px]]
| 21 April 1997
| 21 April 1997
| 1 May 1997
| 1 May 1997
|{{Ayd|21 april 1997|1 may 1997}}
|{{Ayd|21 april 1997|1 may 1997}}
| [[Janata Dal]]<br /><small>([[United Front (India)|United Front]])</small>
| [[Janata Dal]]
|width="4px" bgcolor="{{Janata Dal/meta/color}}" rowspan=1|
|width="4px" bgcolor="{{Janata Dal/meta/color}}" rowspan=1|
|rowspan=2|[[I. K. Gujral]]
|rowspan=2|[[I. K. Gujral]]
|- align=center
|- align=center
| (24)
| (24)
| [[File:Pchidambaram (cropped).jpg|75px]]
| [[P. Chidambaram]]
| [[P. Chidambaram]]
| [[File:Pchidambaram (cropped).jpg|75px]]
| 1 May 1997
| 1 May 1997
| 19 March 1998
| 19 March 1998
|{{Ayd|1 may 1997|19 march 1998}}
|{{Ayd|1 may 1997|19 march 1998}}
| [[Tamil Maanila Congress]]<br /><small>([[United Front (India)|United Front]])</small>
| [[Tamil Maanila Congress]]
|width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" rowspan=1|
|width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" rowspan=1|
|- align=center
|- align=center
| (21)
| (21)
| [[File:Yashwant Sinha IMF.jpg|75px]]
| [[Yashwant Sinha]]
| [[Yashwant Sinha]]
| [[File:Yashwant Sinha IMF.jpg|75px]]
| 19 March 1998
| 19 March 1998
| 1 July 2002
| 1 July 2002
|{{Ayd|19 march 1998|1 july 2002}}
|{{Ayd|19 march 1998|1 july 2002}}
| rowspan=2| [[Bharatiya Janata Party]]<br /><small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
| rowspan=2| [[Bharatiya Janata Party]]
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=2|
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=2|
| rowspan="2" |[[Atal Bihari Vajpayee]]
| rowspan="2" |[[Atal Bihari Vajpayee]]
|- align=center
|- align=center
| (23)
| (23)
| [[File:Jaswant Singh (cropped).jpg|75px]]
| [[Jaswant Singh]]
| [[Jaswant Singh]]
| [[File:Jaswant Singh (cropped).jpg|75px]]
| 1 July 2002
| 1 July 2002
| 22 May 2004
| 22 May 2004
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|- align=center
|- align=center
| (24)
| (24)
| [[File:Pchidambaram (cropped).jpg|75px]]
| [[P. Chidambaram]]
| [[P. Chidambaram]]
| [[File:Pchidambaram (cropped).jpg|75px]]
| 22 May 2004
| 22 May 2004
| 30 November 2008
| 30 November 2008
|{{Ayd|22 may 2004|30 november 2008}}
|{{Ayd|22 may 2004|30 november 2008}}
| rowspan=5| [[Indian National Congress]]<br /><small>([[United Progressive Alliance]])</small>
| rowspan=5| [[Indian National Congress]]
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=5|
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=5|
| rowspan="5" |[[Manmohan Singh]]
| rowspan="5" |[[Manmohan Singh]]
|- align=center
|- align=center
| (22)
| (22)
| [[File:Prime Minister Manmohan Singh in WEF ,2009 (cropped).jpg|75px]]
| [[Manmohan Singh]]
| [[Manmohan Singh]]
| [[File:Prime Minister Manmohan Singh in WEF ,2009 (cropped).jpg|75px]]
| 30 November 2008
| 30 November 2008
| 24 January 2009
| 24 January 2009
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|- align=center
|- align=center
| (15)
| (15)
| [[File:Pranab Mukherjee-World Economic Forum Annual Meeting Davos 2009 crop(2).jpg|75px]]
| [[Pranab Mukherjee]]
| [[Pranab Mukherjee]]
| [[File:Pranab Mukherjee-World Economic Forum Annual Meeting Davos 2009 crop(2).jpg|75px]]
| 24 January 2009
| 24 January 2009
| 26 June 2012
| 26 June 2012
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|- align=center
|- align=center
| (22)
| (22)
| [[File:Prime Minister Manmohan Singh in WEF ,2009 (cropped).jpg|75px]]
| [[Manmohan Singh]]
| [[Manmohan Singh]]
| [[File:Prime Minister Manmohan Singh in WEF ,2009 (cropped).jpg|75px]]
| 26 June 2012
| 26 June 2012
| 31 July 2012
| 31 July 2012
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|- align=center
|- align=center
| (24)
| (24)
| [[File:Pchidambaram (cropped).jpg|75px]]
| [[P. Chidambaram]]
| [[P. Chidambaram]]
| [[File:Pchidambaram (cropped).jpg|75px]]
| 31 July 2012
| 31 July 2012
| 26 May 2014
| 26 May 2014
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|- align=center
|- align=center
| 26
| 26
| [[File:The official photograph of the Defence Minister, Shri Arun Jaitley.jpg|75px]]
| [[Arun Jaitley]]
| [[Arun Jaitley]]
| [[File:The official photograph of the Defence Minister, Shri Arun Jaitley.jpg|75px]]
| 26 May 2014
| 26 May 2014
| 14 May 2018
| 14 May 2018
|{{Ayd|26 may 2014|14 may 2018}}
|{{Ayd|26 may 2014|14 may 2018}}
| rowspan="6" | [[Bharatiya Janata Party]]<br /><small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
| rowspan="6" | [[Bharatiya Janata Party]]
| rowspan="6" width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" |
| rowspan="6" width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" |
| rowspan="6" |[[Narendra Modi]]
| rowspan="6" |[[Narendra Modi]]
|- align=center
|- align=center
| 27
| 27
|[[File:Piyush Goyal (cropped).jpg|75px]]
|[[Piyush Goyal]]<br>
|[[Piyush Goyal]]<br>
|[[File:Piyush Goyal (cropped).jpg|75px]]
| 14 May 2018
| 14 May 2018
| 22 August 2018
| 22 August 2018
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|- align=center
|- align=center
| (26)
| (26)
|[[File:The official photograph of the Defence Minister, Shri Arun Jaitley.jpg|75px]]
|[[Arun Jaitley]]
|[[Arun Jaitley]]
|[[File:The official photograph of the Defence Minister, Shri Arun Jaitley.jpg|75px]]
|23 August 2018
|23 August 2018
|23 January 2019
|23 January 2019
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|- align=center
|- align=center
| (27)
| (27)
|[[File:Piyush Goyal (cropped).jpg|75px]]
|[[Piyush Goyal]]<br>
|[[Piyush Goyal]]<br>
|[[File:Piyush Goyal (cropped).jpg|75px]]
| 23 January 2019
| 23 January 2019
| 15 February 2019
| 15 February 2019
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|- align=center
|- align=center
| (26)
| (26)
|[[File:The official photograph of the Defence Minister, Shri Arun Jaitley.jpg|75px]]
|[[Arun Jaitley]]
|[[Arun Jaitley]]
|[[File:The official photograph of the Defence Minister, Shri Arun Jaitley.jpg|75px]]
|16 February 2019
|16 February 2019
|30 May 2019
|30 May 2019
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|- align=center
|- align=center
| 28
| 28
|[[File:Nirmala Sitharaman in September 2018.jpg|75px]]
|[[Nirmala Sitharaman]]
|[[Nirmala Sitharaman]]
|[[File:Nirmala Sitharaman in September 2018.jpg|75px]]
|30 May 2019
|30 May 2019
|Present
|''Incumbent''
|{{Ayd|30 may 2019}}
|{{Ayd|30 may 2019}}
|}
|}


== List of Ministers of State ==
== List of Ministers of State ==
{| class="wikitable sortable mw-collapsible style=" ;"sortable mw-collapsible"
{| class="wikitable sortable mw-collapsible style=" ;"sortable mw-collapsible"
|+Ministers of State of Finance
|+Ministers of State of Finance
Line 417: Line 418:
! colspan=2| Political party
! colspan=2| Political party
! colspan="2" | Term
! colspan="2" | Term
! Days
! Years
|-align=center
|-align=center
|[[Nirmala Sitharaman]]
|[[Nirmala Sitharaman]]
Line 425: Line 426:
|26 May 2014
|26 May 2014
|9 November 2014
|9 November 2014
|{{Age in days|2014|05|26|2014|11|9}} days
|{{Age in years and days|2014|05|26|2014|11|9}}
|-align=center
|-align=center
|[[Jayant Sinha]]
|[[Jayant Sinha]]
Line 431: Line 432:
|9 November 2014
|9 November 2014
|5 July 2016
|5 July 2016
|{{Age in days|2014|11|9|2016|07|5}} days
|{{Age in years and days|2014|11|9|2016|07|5}}
|-align=center
|-align=center
|[[Santosh Gangwar]]
|[[Santosh Gangwar]]
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|5 July 2016
|5 July 2016
|3 September 2017
|3 September 2017
|{{Age in days|2016|07|5|2017|9|3}} days
|{{Age in years and days|2016|07|5|2017|9|3}}
|-align=center
|-align=center
|[[Arjun Ram Meghwal]]
|[[Arjun Ram Meghwal]]
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|5 July 2016
|5 July 2016
|3 September 2017
|3 September 2017
|{{Age in days|2016|07|5|2017|9|3}} days
|{{Age in years and days|2016|07|5|2017|9|3}}
|-align=center
|-align=center
|[[Pon Radhakrishnan]]
|[[Pon Radhakrishnan]]
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|3 September 2017
|3 September 2017
|30 May 2019
|30 May 2019
|{{Age in days|2017|9|3|2019|05|30}} days
|{{Age in years and days|2017|9|3|2019|05|30}}
|-align=center
|-align=center
|[[Shiv Pratap Shukla]]
|[[Shiv Pratap Shukla]]
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|3 September 2017
|3 September 2017
|30 May 2019
|30 May 2019
|{{Age in days|2017|9|3|2019|05|30}} days
|{{Age in years and days|2017|9|3|2019|05|30}}
|-align=center
|-align=center
|[[Anurag Thakur]]
|[[Anurag Thakur]]
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|30 May 2019
|30 May 2019
|7 July 2021
|7 July 2021
|{{Age in days|2019|05|30|2021|7|7}} days
|{{Age in years and days|2019|05|30|2021|7|7}}
|-align=center
|-align=center
|[[Bhagwat Karad]]
|[[Bhagwat Karad]]
|
|
|7 July 2021
|7 July 2021
|Incumbent
|''Incumbent''
|{{Age in days|2021|7|7}} days
|{{Age in years and days|2021|7|7}}
|-align=center
|-align=center
|[[Pankaj Choudhary]]
|[[Pankaj Choudhary]]
|
|
|7 July 2021
|7 July 2021
|Incumbent
|''Incumbent''
|{{Age in days|2021|7|7}} days
|{{Age in years and days|2021|7|7}}
|}
|}


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{{Heads of the Ministries of the Government of India}}
{{Heads of the Ministries of the Government of India}}


{{DEFAULTSORT:Finance (India) Minister}}
[[Category:Union ministers of India]]
[[Category:Union ministers of India]]
[[Category:Lists of government ministers of India]]
[[Category:Lists of government ministers of India]]
{{DEFAULTSORT:Finance (India) Minister}}

Latest revision as of 21:34, 23 October 2021


Minister of Finance
Vitt Mantrī
Emblem of India
Incumbent
Nirmala Sitharaman
since 31 May 2019
Ministry of Finance
StyleThe Honourable
AbbreviationFM
Member ofCabinet
Cabinet Committee on Security
AppointerPresident on the advice of the Prime Minister
Inaugural holderR. K. Shanmukham Chetty
Formation15 August 1947

The Minister of Finance (Vitt Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior-most offices in the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. As part of this, a key duty of the Finance Minister is to present the annual Union Budget in Parliament, which details 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, s/he is assisted by the Minister of State for Finance and the lower-ranked Deputy Minister of Finance.

There have been a number of Finance Ministers who went on to become the Prime Minister Morarji Desai, Charan Singh, Vishwanath Pratap Singh and Manmohan Singh and also to serve as the President like R.Venkataraman and Pranab Mukherjee. Several other Prime Ministers have since held the additional charge of finance ministry.

The current Finance Minister of India is Nirmala Sitharaman.

Lists of Finance Ministers[edit | edit source]

№ Picture Name Term of office Length Political party
(Alliance) 		Prime Minister
1 R. K. Shanmukham Chetty 15 August 1947[1] 17 August 1948 2 years, 2 days Indian National Congress Jawaharlal Nehru
2 File:Jnehru.jpg Jawaharlal Nehru 5 Feb 1949 5 April 1949 36 days
3 John Mathai 22 September 1949 1 June 1950 252 days
4 C. D. Deshmukh 1 June 1950[2] 24 July 1956 6 years, 53 days
(2) File:Jnehru.jpg Jawaharlal Nehru 24 July 1956 30 August 1956 37 days
5 T. T. Krishnamachari 30 August 1956 14 February 1958 1 year, 168 days
(2) File:Jnehru.jpg Jawaharlal Nehru 14 February 1958 22 March 1958 36 days
6 Morarji Desai 23 March 1958 31 August 1963 5 years, 161 days
(5) T. T. Krishnamachari 31 August 1963 31 December 1965 2 years, 122 days Jawaharlal Nehru
Gulzarilal Nanda
Lal Bahadur Shastri
7 Sachindra Chaudhuri 1 January 1966 12 March 1967 1 year, 70 days Lal Bahadur Shastri
Indira Gandhi
(6) Morarji Desai 13 March 1967 16 July 1969 2 years, 125 days Indira Gandhi
8 Indira Gandhi 16 July 1969 27 June 1970 346 days
9 Yashwantrao Chavan 27 June 1970 10 October 1974 4 years, 105 days
10 Chidambaram Subramaniam 10 October 1974 24 March 1977 2 years, 165 days
(6) Morarji Desai 24 March 1977 26 March 1977 2 days Janata Party Morarji Desai
11 Hirubhai M. Patel 26 March 1977 24 January 1979 1 year, 304 days
12 Charan Singh 24 January 1979 16 July 1979 173 days
(6) Morarji Desai 16 July 1979 28 July 1979 12 days
13 Hemwati Nandan Bahuguna 28 July 1979 19 October 1979 83 days Janata Party (Secular) Charan Singh
(12) Charan Singh 19 October 1979 14 January 1980 87 days
14 R. Venkataraman 14 January 1980 15 January 1982 2 years, 1 day Indian National Congress Indira Gandhi
15 Pranab Mukherjee 15 January 1982 31 December 1984 2 years, 351 days
16 V. P. Singh 31 December 1984 24 January 1987 2 years, 24 days Rajiv Gandhi
17 Rajiv Gandhi 24 January 1987 25 July 1987 182 days
18 N. D. Tiwari 25 July 1987 25 June 1988 336 days
19 Shankarrao Chavan 25 June 1988 2 December 1989 1 year, 160 days
20 Madhu Dandavate 6 December 1989 10 November 1990 343 days Janata Dal V. P. Singh
21 Yashwant Sinha 10 November 1990 21 June 1991 223 days Samajwadi Janata Party (Rashtriya) Chandra Shekhar
22 Manmohan Singh 21 June 1991 16 May 1996 4 years, 330 days Indian National Congress Pamulaparthi Venkata Narasimha Rao
23 Jaswant Singh 16 May 1996 1 June 1996 16 days Bharatiya Janata Party Atal Bihari Vajpayee
24 P. Chidambaram 1 June 1996 21 April 1997 324 days Tamil Maanila Congress H. D. Deve Gowda
25 I. K. Gujral 21 April 1997 1 May 1997 10 days Janata Dal I. K. Gujral
(24) P. Chidambaram 1 May 1997 19 March 1998 322 days Tamil Maanila Congress
(21) Yashwant Sinha 19 March 1998 1 July 2002 4 years, 104 days Bharatiya Janata Party Atal Bihari Vajpayee
(23) Jaswant Singh 1 July 2002 22 May 2004 1 year, 326 days
(24) P. Chidambaram 22 May 2004 30 November 2008 4 years, 192 days Indian National Congress Manmohan Singh
(22) Manmohan Singh 30 November 2008 24 January 2009 55 days
(15) Pranab Mukherjee 24 January 2009 26 June 2012 3 years, 154 days
(22) Manmohan Singh 26 June 2012 31 July 2012 35 days
(24) P. Chidambaram 31 July 2012 26 May 2014 1 year, 299 days
26 Arun Jaitley 26 May 2014 14 May 2018 3 years, 353 days Bharatiya Janata Party Narendra Modi
27 Piyush Goyal
 14 May 2018 22 August 2018 100 days
(26) Arun Jaitley 23 August 2018 23 January 2019 153 days
(27) Piyush Goyal
 23 January 2019 15 February 2019 23 days
(26) Arun Jaitley 16 February 2019 30 May 2019 103 days
28 Nirmala Sitharaman 30 May 2019 Incumbent 7 years, 79 days

List of Ministers of State[edit | edit source]

Ministers of State of Finance
Minister of state Portrait Political party Term Years
Nirmala Sitharaman Bharatiya Janata Party 26 May 2014 9 November 2014 167 days
Jayant Sinha 9 November 2014 5 July 2016 1 year, 239 days
Santosh Gangwar 5 July 2016 3 September 2017 1 year, 60 days
Arjun Ram Meghwal 5 July 2016 3 September 2017 1 year, 60 days
Pon Radhakrishnan 3 September 2017 30 May 2019 1 year, 269 days
Shiv Pratap Shukla 3 September 2017 30 May 2019 1 year, 269 days
Anurag Thakur 30 May 2019 7 July 2021 2 years, 38 days
Bhagwat Karad 7 July 2021 Incumbent 5 years, 41 days
Pankaj Choudhary 7 July 2021 Incumbent 5 years, 41 days

References[edit | edit source]

  1. ↑ "COUNCIL OF MINISTERS" (PDF).
  2. ↑ "Archived copy". Archived from the original on 22 September 2015. Retrieved 19 April 2016.{{cite web}}: CS1 maint: archived copy as title (link)

External links[edit | edit source]

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