New Delhi:
The upcoming Union budget 2017 will be Finance Minister Arun Jaitley’s third full-fledged union budget, is expected to be quite different from the previous ones.
Given the current economic outlook, Post-demonetisation it will be interesting to see what constitutes top priority for government on its agenda when it comes to allocation of funds.
Finance ministry is one of the seminal posts in the government of India. The colonial era before independence saw a plethora of changes in the working system of indian government. Union finance minister is responsible for the fiscal policy of India and s/he also present the annual Union budget in the Parliament, which charts out governments plans for taxation and spending in the coming financial year.
Here is a list of all the Finance Ministers of India since Independence:
1.RK Shanmukham Chetty
Term: August 15 1947 - 1949
2. John Mathai
Term: 1949-50
3. C.D. Deshmukh
Term: 29 May 1950-1957
4.T.T. Krishnamachari
Term: 1957 - 1958
5.jawaharlal Nehru
Term: 13 February 1958 - 13 March 1958
6.Morarji Desai
Term: 13 March 1958 - 29 August 1953
7. T.T. Krishnamachari
Term: 29 August 1963 - 1965
8. Sachindra Chaudhuri
Term: 1965 - 13 March 1967
9. Morarji Desai
Term: 13 March 1967 - 16 July 1969
10. Indira Gandhi
Term: 1970-1971
11. YashwantRao Chavan
Term: 1971-1975
12. Chidambaram Subramaniam
Term: 1975-1977
13. Haribhai M. Patel
Term: 24 March 1977- 24 January 1979
14. Charan Singh
Term: 24 January 1979- 28 July 1979
15. Hemvati Nandan Bahuguna
Term: 28 July 1979 - 14 January 1980
16. R.Venkataraman
Term: 14 January 1980-15 January 1982
17. Pranab Mukherjee
Term: 15 January 1982-31 December 1984
18. V.P.Singh
Term: 31 December 1984- 24 January 1987
19. Rajiv Gandhi
Term: 24 January 1987-25 July 1987
20. N.D.Tiwari
Term: 25 July 1987-25 June 1988
21. Shankarrao Chavan
Term: 25 June 1988-2 December 1989
22. Madhu Dandavate
Term: 2 December 1989-10 December 1990
23. Yashwant Sinha
Term: 10 November 1990-21 June 1991
24. Manmohan Singh
Term: 21 June 1991-16 May 1996
25. Jaswant Singh
Term: 16 May 1996-1 June 1996
26. P.Chidambaram
Term: 1 June 1996-21 April 1997
27. I.K.Gujral
Term: 21 April 1997-1 May 1997
28. P.Chidambaram
Term: 1May 1997-19 March 1998
29. Yashwant Sinha
Term: 19 March 1998-1July 2002
30. Jaswant Singh
Term: 1 July 2002-22 May 2004
31. P. Chidambaram
Term: 22 May 2004-30 November 2008
32. Manmohan Singh
Term: 30 November 2008-24 January 2009
33. Pranab Mukherjee
Term: 24 January 2009- 26 June 2012
34. Manmohan Singh
Term: 26 June 2012-31 July 2012
35. P. Chidambaram
Term: 31 July 2012-26 May 2014
36. Arun Jaitley
Term: 26 May 2014 - incumbent
