• About
  • Contact
  • Support Funtrafoo
  • Work With Us
No Result
View All Result
  • Home
  • FOOD
  • TRAVEL
  • HEALTH
  • TECHNOLOGY
  • LIFESTYLE
  • ENTERTAINMENT
  • EVENTS
  • FEEDS
  • WEB STORIES
  • Home
  • FOOD
  • TRAVEL
  • HEALTH
  • TECHNOLOGY
  • LIFESTYLE
  • ENTERTAINMENT
  • EVENTS
  • FEEDS
  • WEB STORIES
No Result
View All Result
No Result
View All Result
Home Top Stories

All Finance Ministers Of India Who Have Presented The Union Budget Since Independence

by Harshita Singh
January 31, 2021
Reading Time: 15 mins read
0 0
0
Finance Ministers Of India Who Have Presented The Union Budget
ADVERTISEMENT
Share on FacebookShare on Twitter

Do You Know All Those Finance Ministers Of India Who Have Presented The Union Budget Since Independence?

Also known as Annual Financial Statement, the Union budget is a process in which the budget and expenses of a financial year are proposed. It comes under article 112 of the constitution of India. The budget gets proposed by first February so that it may easily be implemented by 1st April till March 31st of next year. Also know some key facts of Union Budget.

Also Read

Vaccination for everyone above 45 years from April 1, says Prakash Javadekar

Covid19 Vaccination For All Above 45 years from April 1 Says Union Minister Prakash Javadekar

2 years ago
30
State Elections 2021: Poll Dates For 5 States Announced By Election Commission

State Elections 2021: Poll Dates For 5 States Announced By Election Commission

2 years ago
60

The information and documentation of the budget can be easily found on the government website i.e. Information like key to budget, budget highlight, budget speech, financial statement, etc. can be found and downloaded on this website easily. These Union Budgets are always presented or proposed by Finance ministers. The last budget was proposed by Smt. Nirmala Sitharaman and will also propose the budget for the coming year on 1st February.

Union budget is proposed every year on 1st February, and if parliament passes the budget then it gets implemented all over India on April 1st.

Finance Ministers Of India Who Have Presented The Union Budget

  1. R. K. Shanmukham :

The first union Budget was proposed on 26 November 1947 by R. K. Shanmukham Chetty of an amount of Rs.197.39 crores. Which proposed the new taxes.

Finance Ministers Of India - First Finance Minister R.K. Shanmukham Chetty, Finance Minister.  (Source: Minister_of_Finance_(India))
First Finance Minister R.K. Shanmukham Chetty, Finance Minister. (Source: Minister_of_Finance_(India))
  1. John Mathai:

John Mathai proposed the budget of 1948-50 that included food grain production, defense service and civil expenditure. Because our country lacked the production of grains to feed enough people and was very important decision to be taken.

  1. C.D. Deshmukh:

Sir C. D. Deshmukh proposed the budget in1950-1956 that laid the base of planning commission, who decides the expenditure of resources for better utilization.

  1. Pandit Jawaharlal Nehru:

Chacha Nehru proposed the budget in 1956 & 1958 which imposed strict regulations for import and export by initiating compulsory to have license. This hiked taxes for the first time.

  1. T.T.the  Krishnamachari:

Sir Krishnamachari proposed a budget in 1956-1958 whose main motive was to develop industrial sector like chemical industries promotion of small industries & he again proposed a budget plan in 1963-1965. The budget was given with the motive of building up the defense strength of the nation.

  1. Morari Desai:

Sir Morari Desai gave his budget plan in 1958-1963 when industrial production seem to be low and agriculture sector had a good growth but the major factor was to stabilize the export of industrial stuff. And he again came up with a great plan in 1967-1969.the main problem of those days were scarcity of enough food to feed people so the government started ploughing back of profits for loan financing and investment to private industries. The main motive was to encourage and raise the individual saving capacity in order to get higher returns. The budget was considered as people centric budget.

  1. Sachindra Chaudhri:

Sir Sachindra Chaudhri was our Finance minister from 1966 to 1967.

  1. Indira Gandhi:

Indira Gandhi proposed her budget plan in 1969-1970. She was the first women finance minister in Indian history. She helped banks to get nationalized during her period of time.

  1. Yashwantrao Chavan:

Yashwant Rao Chavan was out finance minister in time period of 1970-1974. The main purpose of this budget was to provide proper and adequate employment. The budget of 1973 was also called the black budget which promoted coal mine and industries to get enough coal for national usage.

  1. Chidambaram Subhamaniam:

From 1974-1977 sir Chidambaram Subhamaniam proposed his budget and the main purpose was agriculture sector, to increase yield and production and to have sufficient food production for every individuals.

  1. Hirubhai M. Patel:

Sir Hirubhai M. Patel was our minister of finance from 1977-1979.

  1. Charan Singh:

Charan Singh had been our minister of Union finance of India in 1979

  1. Henwati Nandan Bahuguna:

Shree Henwati Nandan Bahuguna has took the seat of finance minister from 1979 to 1980.

  1. R. Venkataraman:

R . Venkataraman managed the financial ministry of time period 1980-1982

  1. Pranab Mukherjee:

Sir Pranab Mukherjee who gave his budget plan in 1982-1984 was an amazing human being.

  1. V. P. Singh:

In 1984-1987, sir V. P. Singh proposed the budget that closed the license system, this also encourage the indirect taxes that lead to higher GST. It was also called carrot and stick budget.

  1. Rajiv Gandhi:

Mr. Rajiv Gandhi proposed the budget in 1987 whose main motive was to get all the taxes that a highly profitable companies hide and don’t pay which was the main source for government.

  1. N. D. Tiwari:

Took financial ministry seat from 1987-1988.

  1. Shankarrao Chavan:

Sir Chavan was a great human and he manages India’s financial ministry in 1988-1989

  1. Madhu Dandavate:

Madhu Dandavate helped our finance by proposing his plan in 1989-1990.

  1. Yashwant Sinha:

Yashwant Sinha has been chosen as our finance minister multiple times. Once in 1990-1991 and then from 1998-2002.

  1. Manmohan Singh:

Manmohan Singh who was also our prime minister for many years proposed his plan as a finance minister in 1991 proposed the budget that took Indian budget to international competition by removing the import licensing and promoting exports at optimal import compression. He also managed Union budget of India in 1996 & in 2008-2009 and again in 2012 he came forward to take responsibility and propose a budget plan.

  1. Jaswant Singh:

Sir Jaswant Singh gave his plan for budget of India in 2002 that was the Millennium budget that promoted the software department, developing budget which took our IT industry to an unexpected height.

  1. P Chidambaram:

Sir Chidambaram in 1997-1998, proposed the budget which is also called the dream project which included development of Roads maps and lower corporate tax rates. He also served from 2004-2008 & again from 2012-2014.

  1. Arun Jaitley:

Sir Arun Jaitley proposed the budget of year 2014 which was the first budget is given by the government of Narendra Modi. This budget has moto of development of smart cities, developing irrigation, building new IIM and IIT and AIIMS, sports development of the country, and new airport scheme for cities of Tier 1 and Tier 2. He again proposed the budget of 2018-2019 whose main purpose was to implement GST (Goods and Service Taxes) which could save a lot of useless taxes that a citizen pays.

  1. Piyush Goyal

Minister of Railways and Coal, Piyush Goyal was also appointed interim finance minister for Interim Budget 2019, a week ahead of the February 1 as the then Finance Minister Arun Jaitley was undergoing surgery in the US.

  1. Nirmala Sitharaman:

Smt. Nirmala Sitharaman gave the first budget of 2019-2020 which was made with 10 years vision. Some proposals were to increase custom taxes on items like gold and jewels, to boost public sector bank, to lower electrical automobile taxes from 12% to 5%, interchangeability of PAN and Adhaar card, and much more.

Union Budget Halwa Ceremony
Smt. Nirmala Sitharaman at Union Budget Halwa Ceremony

These were the budgets that shaped our India from the starting till now and they will do the same in the future. As we make our budget for a month of our house similarly the budget for whole India is also very carefully and properly decided. The budget also relates to the development of the country and the GDP of our country.

Due to the pandemic and lockdown all over the country and world, every country has faced disastrous destruction in every sector, and it is believed that the coming budget can boost the Indian economy and development at a very striking rate. It is not yet known the coming budget but the older budgets and the finance ministers that shaped the Indian economy are mentioned above. We are very thankful to them for making India so progressive and developed country.

List of Finance Ministers Of India By Office Terms

№NameTerm of office
1R. K. Shanmukham Chetty15 August 194717 August 1948
2John Mathai22 September 194801 June 1950
3C. D. Deshmukh29 May 195001 August 1956
4Jawaharlal Nehru01 August 195630 August 1956
5T. T. Krishnamachari30 August 195613 February 1958
4Jawaharlal Nehru14 February 195822 March 1958
6Morarji Desai23 March 195831 August 1963
5T. T. Krishnamachari31 August 196331 December 1965
7Sachindra Chaudhuri01 January 196613 March 1967
6Morarji Desai13 March 196716 July 1969
8Indira Gandhi16 July 196927 June 1970
9Yashwantrao Chavan27 June 197010 October 1974
10Chidambaram Subramaniam10 October 197424 March 1977
11Hirubhai M. Patel24 March 197724 January 1979
12Charan Singh24 January 197928 July 1979
13Hemwati Nandan Bahuguna28 July 197925 October 1979
12Charan Singh25 October 197914 January 1980
14R. Venkataraman14 January 198015 January 1982
15Pranab Mukherjee15 January 198231 December 1984
16V. P. Singh31 December 198424 January 1987
17Rajiv Gandhi24 January 198725 July 1987
18N. D. Tiwari25 July 198725 June 1988
19Shankarrao Chavan25 June 19882 December 1989
20Madhu Dandavate2 December 198910 November 1990
21Yashwant Sinha10 November 199021 June 1991
22Manmohan Singh21 June 199116 May 1996
23Jaswant Singh16 May 19961 June 1996
24P. Chidambaram1 June 199621 April 1997
25I. K. Gujral21 April 19971 May 1997
24P. Chidambaram1 May 199719 March 1998
21Yashwant Sinha19 March 19981 July 2002
23Jaswant Singh1 July 200222 May 2004
24P. Chidambaram22 May 200430 November 2008
22Manmohan Singh30 November 200824 January 2009
15Pranab Mukherjee24 January 200926 June 2012
22Manmohan Singh26 June 201231 July 2012
24P. Chidambaram31 July 201226 May 2014
26Arun Jaitley26 May 201414 May 2018
27Piyush Goyal14 May 201822 August 2018
26Arun Jaitley23 August 201823 January 2019
27Piyush Goyal23 January 201915 February 2019
26Arun Jaitley16 February 201930 May 2019
28Nirmala Sitharaman31 May 2019Present
Tags: IndiaUnion Budget
Share22TweetSendShare

Related Posts

Authentic Rogan Josh Recipe Ranveer Brar Style From Kashmir

Authentic Rogan Josh Recipe Ranveer Brar Style From Kashmir

January 28, 2023
2
PATHAAN MOVIE REVIEW AND RECORDS

Shahrukh Khan’s Pathaan Movie Review And Shattering Records

January 28, 2023
1
Know Your Prime Minister Narendra Modi

Know Our Prime Minister Narendra Modi!

December 19, 2022
9
How to link voter ID with Aadhaar Card

How to link voter ID with Aadhaar Card

December 15, 2022
1

Comments Cancel reply

No Result
View All Result
  • Coronavirus Vaccine Prices In India and Other Countries

    Coronavirus Vaccine Prices In India and Other Countries. Is Covid Vaccine Free?

    21 shares
    Share 21 Tweet 0
  • Padma Vibhushan, Padma Bhushan, Padma Shri: Full List Of Padma Award Winners 2021

    15 shares
    Share 15 Tweet 0
  • Importance And Benefits Of Vitamin D Rich Food

    1 shares
    Share 1 Tweet 0
  • Amou Haji- World’s “Dirtiest” And “Smelliest” Man From Iran

    1 shares
    Share 1 Tweet 0
  • Yoga Beginner’s Guide – Tips Before Attending The First Yoga Class

    1 shares
    Share 1 Tweet 0

Recent Posts

  • Man Gets Bizarre “Dhinchak Bus” Traffic Challan, Tags Mumbai Police on Twitter
  • Authentic Rogan Josh Recipe Ranveer Brar Style From Kashmir
  • Shahrukh Khan’s Pathaan Movie Review And Shattering Records
  • She/Her, He/Him, And They/Them Gender Pronouns: Unlocking Their Meaning
  • Unlock The Flavor Of Chicken Korma With This Easy-to-Follow Recipe
  • Home
  • Contact Us
  • About Us
  • Support Funtrafoo
  • Authors
FUN * TRAVEL * FOOD

© 2021 www.funtrafoo.com.

No Result
View All Result
  • Home
  • FOOD
  • TRAVEL
  • HEALTH
  • TECHNOLOGY
  • LIFESTYLE
  • ENTERTAINMENT
  • EVENTS
  • FEEDS
  • WEB STORIES

© 2021 www.funtrafoo.com.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
 

Loading Comments...