Finance minister of india

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Union Finance Minister Nirmala Sitharaman on Wednesday said prudent fiscal management by the government during the Covid pandemic saved India from becoming the "most indebted nation". "Those who are alleging that India's debt has increased to high levels are the same people who advised the government to print money and distribute it during the pandemic.Govt's prudent fiscal management saved India form becoming most indebted nation: Sitharaman Sitharaman In a meeting with Alvaro Lario, president of the International Fund for Agricultural Development (IFAD), in the national capital, the minister also stressed the importance of addressing new global challenges--such as food security, debt distress, and climate change--with the participation of emerging and developing economies, according to a finance ministry tweet. Only close friends and relatives attended the intimate wedding, and no political leaders were present. Pratik Doshi, a graduate from Singapore Management School, is an Officer on Special Duty for research and strategy in the Prime Minister Office, while Vangmayi is a features writer in the Books and Culture section of Mint Lounge. ‘Bright spot’ India has remained an outlier of sorts in recent years after growing at a faster pace than other big economies. However, a superior sovereign investment rating continues to elude the South Asian giant, despite the supposedly robust fundamentals underpinning the economic growth. What can the Narendra Modi govt do to fix it? ...

Since the independence of India in 1947, the country has witnessed many Finance Ministers who have been responsible for the country’s economic growth and development. Over the years, these Finance Ministers have worked tirelessly to ensure that the Indian economy remains stable and prosperous. Each Finance Minister of India since Independence has implemented various policies to make our country an economic powerhouse. From the first Finance Minister of India, R.K. Shanmukham Chetty, to the current Finance Minister, Nirmala Sitharaman, their contributions have been invaluable in shaping the country’s fiscal policies. In this blog, we will explore the history of India’s Finance Ministers from 1947 to 2023. List of Finance Ministers of India From 1947 to 2023 There have been 28 finance ministers of India from 1947 to 2023. Each of these has had a unique impact on the nation’s economic policies. Here is a list of all finance ministers of India from 1947 to till date. Name of the Minister of Finance Tenure Prime Minister R. K. Shanmukham Chetty 15 August 1947 to 17 August 1948 Jawaharlal Nehru Jawaharlal Nehru 17 August 1948 to 22 September 1948 Jawaharlal Nehru John Mathai 22 September 1948 to 1 June 1950 Jawaharlal Nehru C. D. Deshmukh 1 June 1950 to 24 July 1956 Jawaharlal Nehru Jawaharlal Nehru 24 July 1956 to 30 August 1956 Jawaharlal Nehru T. T. Krishnamachari 30 August 1956 to 14 February 1958 Jawaharlal Nehru Jawaharlal Nehru 14 February 1958 to 22 March 1958 Jawaharlal...

A two-time Rajya Sabha MP, Sitharaman created history when she became the first full-time woman finance minister of India to propel the country out of an economic slowdown and address challenges like job creation, mounting bad loans and slowing investment. Prior to this, Indira Gandhi, as Prime Minister, held additional charge of the finance ministry in 1970-71. Sitharaman, a post-graduate in economics from Delhi's Jawaharlal Nehru University (JNU) and an MPhil in international relations, is facing the biggest challenge of lifting growth and also the business sentiments which have been hit hard by the coronavirus pandemic. The GDP growth has been slipping since 2017-18 and nosedived last fiscal on account of the pandemic and subsequent lockdown. The other important tasks before the finance minister are to contain the fiscal deficit, give a push to disinvestment and prevent global credit rating agencies from taking any adverse action. The GDP growth rate, which was 8.3 per cent during the demonetisation year when 86 per cent of India's currency was junked, fell to 7.2 per cent in the following year 2017-18. It further dropped to 6.1 per cent in 2018-19 and subsequently to 4 per cent. The Indian economy contracted sharply by 7.3 per cent during April 2020 to March 2021 (FY21), weighed down by the nationwide lockdown that plummeted consumption and halted most economic activities. This was the first full-year contraction in the Indian economy in the last four decades since 197...

By India Today Business Desk: The finance ministry is all set to meet credit rating agency Moody’s Investor Service on June 16, as per government sources. Officials from the ministry, led by Chief Economic Advisor V Anantha Nageswaran, will meet with senior executives from the credit rating agency to push for an upgrade in its sovereign rating for India, reported The Economic Times. Despite the reviews, India remains on track to be the fastest-growing economy in the world in the ongoing financial year. All other indicators such as lower inflation, fiscal deficit, and current account deficit have also put India on a strong path of growth, thus warranting an upgrade in ratings. In fact, both S&P and Fitch have acknowledged India’s strong growth outlook and resilience from external shocks, compared to peers. At the same time, they highlighted that India’s public finances remain weak, due to high deficits and debts and higher interest burden.