History And Role

Finance Minister of India: A Comprehensive Overview

History and Role

The Finance Minister of India, commonly known as the FM, holds a prominent position within the Government of India. The FM leads the Ministry of Finance and oversees the financial affairs of the nation. The first Finance Minister of independent India was Shanmukham Chetty, who served from 1947 to 1949 and presented the first budget.

Current Finance Minister

Nirmala Sitharaman is the current Finance Minister, holding office since 31 May 2019. She is the first full-time female Finance Minister of India.

Key Responsibilities

The Finance Minister's responsibilities include:

• Preparing and presenting the annual budget
• Managing the national economy
• Overseeing fiscal policies and taxation
• Regulating the financial sector