Quick Answer: Who Was The First Finance Minister Of British India?

Who is the new finance minister?

Arun JaitleyNarendra Modi’s party swept to power in India’s election on the promise of reviving the country’s economy.

Now one man has the perhaps unenviable job of making that happen.

Arun Jaitley is India’s new finance minister, and he’s put boosting economic growth at the top of his list of priorities..

Who is the first woman to present budget in India?

Indira GandhiIndira Gandhi presented the Union Budget 1970-71 before she appointed Chavan as the Finance Minister. Her first and only Budget speech became famous due to a slew of anti-poverty programmes in keeping with the iconic ‘Garibi Hatao’ slogan, and her jibe at smokers.

Who is the food minister of India 2020?

Ministers (Consumer Affairs, Food, and Public Distribution)NameTerm of officeRam Vilas Paswan26 May 201422 May 2017Radha Mohan Singh22 May 201717 June 2017Ram Vilas Paswan17 June 201708 October 2020Piyush Goyal08 October 2020Incumbent24 more rows

What is the salary of a CM?

Chief ministersStateCM Salary per monthKarnataka₹200,000 (US$2,800)Sikkim₹190,000 (US$2,700)Tripura₹185,500 (US$2,600)Kerala₹185,000 (US$2,600)26 more rows

Who presented the Union budget in 1970?

Minister Indira GandhiFormer Prime Minister Indira Gandhi was the first and only woman till now to have presented the Union Budget. In 1970, she presented the Union Budget of India for 1970-71, after she took over the finance portfolio following the resignation of Morarji Desai as finance minister.

Who wrote the famous book on India’s economic history listing the income and expenditure of the company?

Karl MarxKarl Marx, writing in 1857, suggested the Nominal (Silver) per capita Income of Company India, in 1854, was approximately 1:12 that of the UK, as was the Nominal per capita tax burden 1:12 of the UK, 1:10 of France, and 1:5 of Prussia.

Who was the first finance minister of India?

After Independence, India’s first Finance Minister, Shri Shanmukham Chetty, presented the first budget of independent India on 26th November, 1947.

Who Started government finance?

Shanmukham ChettyShanmukham Chetty was the first Finance Minister of independent India. He presented the first budget of independent India on 26 November 1947.

Who is known as father of budget in India?

Research. James Wilson, the British economist who presented India’s first ‘budget’

Who is the woman minister of India?

The current minister for the Ministry of Women and Child Development is Smriti Irani having held the portfolio since 31 May 2019.

Who is presenting budget today?

Nirmala SitharamanUnion Budget 2021: FM Nirmala Sitharaman to present Budget today at 11 am. Union Finance Minister Nirmala Sitharaman will present the Budget in Parliament today at 11 am (IST). All eyes are on Sitharaman’s Budget speech, which will be one of the most crucial budgets in the history of the Indian Government.

Who is Sir James Wilson?

It was a Scotsman named James Wilson, the founder of what is today the global behemoth Standard Chartered Bank, who had created India’s first Budget in 1860. Wilson was also the founder of the widely read magazine ‘The Economist’.

Who is current Indian finance minister?

Several other Prime Ministers have since held the additional charge of finance ministry. The current Finance Minister of India is Nirmala Sitharaman.

Who invented budgeting?

James WilsonThe first budget of India was submitted on 18 February 1860 by James Wilson.

Who is the finance minister of Delhi?

Who’s WhoNameDesignationTelephone (Office)OFFICE OF THE FINANCE MINISTERSmt. Nirmala SitharamanFinance MinisterShri Vipul BansalPS to FM2309-2810 2309-2510 2309-3868 2309-4399vacantAddl. PS2309-2810 2309-2510 2309-3868 2309-439913 more rows

Who is the first woman minister of India?

After India’s independence, Amrit Kaur became part of Jawaharlal Nehru’s first Cabinet; she was the first woman to hold Cabinet rank, serving for ten years.

Who presented the first railway budget for independent India?

Sir R.K. Shanmugham ChettyIndependent India’s first railway budget was presented by the first finance minister of the country Sir R.K. Shanmugham Chetty on November 26, 1947. West Bengal Chief Minister Mamata Banerjee was the first women Railway minister of India as well as the first female Minister to present the Railway Budget in 2000.

Who presented the first budget in British India?

James WilsonRemembered as James Wilson, the popular economist introduced the first Budget of India in 1860. Wilson, Scotsman, was also the founder of the global giant Standard Chartered Bank and business magazine ‘The Economist’.