Ministry of Finance

Nirmala Sitharaman is the Current Finance Minister of India

One of the most important ministries within the Government of India is the Ministry of Finance headed by the Finance Minister.It deals with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget. The Finance Ministry comprises of five departments namely, the Department of Economic Affairs (DEA) responsible for preparing Union Budget every year, the Department of Expenditure, the Department of Revenue which is under the control of Secretary(Revenue), the Department of Financial Services which includes banks, insurance and financial services provided by all the government agencies and private firms and lastly the Department of Disinvestments. R. K. Shanmukham Chetty was the first finance minister of independent India. Other important people who held the position includes Jawaharlal Nehru, Morarji Desai, Indira Gandhi, Charan Singh, V. P. Singh, Yashwant Sinha, Jaswant Singh, Manmohan Singh and P. Chidambaram. Nirmala Sitharaman is now heading the Finance Ministry.

List of Finance Ministers of India

S. No	Name	From	To	Political Party
0	Nirmala Sitharaman	30 May 2019	Incumbent	Bharatiya Janata Party
1	Arun Jaitley	27 May 2014	29 May 2019	Bharatiya Janata Party
2	P. Chidambaram	31 July 2012	26 May 2014	Indian National Congress
3	Manmohan Singh	26 June 2012	31 July 2012	Indian National Congress
4	Pranab Mukherjee	24 January 2009	26 June 2012	Indian National Congress
5	Manmohan Singh	30 November 2008	30 November 2008	Indian National Congress
6	P. Chidambaram	22 May 2004	30 November 2008	Indian National Congress
7	Jaswant Singh	01 July 2002	22 May 2004	Bharatiya Janata Party
8	Yashwant Sinha	19 March 1998	01 July 2002	Bharatiya Janata Party
9	P. Chidambaram	01 May 1997	19 March 1998	Tamil Maanila Congress
10	I. K. Gujral	21 April 1997	01 May 1997	Janata Dal
11	P. Chidambaram	01 June 1996	21 April 1997	Tamil Maanila Congress
12	Jaswant Singh	16 May 1996	01 June 1996	Bharatiya Janata Party
13	Manmohan Singh	21 June 1991	16 May 1996	Indian National Congress
14	Yashwant Sinha	10 November 1990	21 June 1991	Samajwadi Janata Party
15	Madhu Dandavate	02 December 1989	10 November 1990	Janata Dal
16	Shankarrao Chavan	25 June 1988	02 December 1989	Indian National Congress
17	Rajiv Gandhi	24 January 1987	25 July 1987	Indian National Congress
18	V. P. Singh	31 December 1984	24 January 1987	Indian National Congress
19	Pranab Mukherjee	15 January 1982	31 December 1984	Indian National Congress
20	R. Venkataraman	14 January 1980	15 January 1982	Indian National Congress
21	Hemvati Nandan Bahuguna	28 July 1979	14 January 1980	Janata Party (Secular)
22	Charan Singh	24 January 1979	28 July 1979	Janata Party
23	Haribhai M. Patel	24 March 1977	24 January 1979	Janata Party
24	Chidambaram Subramaniam	1975	30 May 1905	Indian National Congress
25	Indira Gandhi	23 May 1905	24 May 1905	Indian National Congress
26	Morarji Desai	13 March 1967	16 July 1969	Indian National Congress
27	Sachindra Chaudhuri	18 May 1905	13 March 1967	Indian National Congress
28	T. T. Krishnamachari	29 August 1963	18 May 1905	Indian National Congress
29	Morarji Desai	13 March 1958	29 August 1963	Indian National Congress
30	Jawaharlal Nehru	13 February 1958	13 March 1958	Indian National Congress
31	T. T. Krishnamachari	1957	13 February 1958	Indian National Congress
32	C. D. Deshmukh	1950	1957	Indian National Congress
33	John Mathai	1949	1950	Indian National Congress
34	R. K. Shanmukham Chetty	15 August 1947	1949	Indian National Congress
35	Liaquat Ali Khan	29 October 1946	14 August 1947	All-India Muslim League

Last Updated on Jan 17, 2023

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