Union Budget 2025: When R.K. Shanmukham Chetty, ex-Diwan of Cochin Kingdom and country's 1st Finance Minister, presented Independent India's 1st budget

1 hour ago 1

Union Budget 2025: Taxpayers, businessmen, farmers, and scores of radical from different fraternities are keenly waiting for Finance Minister Nirmala Sitharaman's Budget 2025 speech. She volition contiguous her grounds 8th consecutive budget, which besides includes an interim fund successful February 2024. Only Morarji Desai (10) and P Chidambaram (9) person presented much budgets than her. But their budgets came successful inconsecutive terms. But agelong earlier these concern ministers created records, R.K. Shanmukham Chetty, India's 1st Finance Minister, presented autarkic India's archetypal fund connected November 26, 1947.

In that budget, Chetty earmarked a full expenditure of Rs 197.39 crore. Out of this amount, astir Rs 92.74 crore (or 46 per cent) was allocated for Defence Services.

Born successful Coimbatore, Chetty was elected to the Central Legislative Assembly of India and served arsenic its Deputy President from 1931 to 1935.

He mislaid the 1935 elections and returned to South India wherever helium served arsenic Diwan of the Cochin kingdom from 1935 to 1941.

When India became independent, Prime Minister Jawaharlal Nehru picked Chetty arsenic the country's archetypal Finance Minister.

Chetty was a lawyer by profession, and helium studied astatine Madras Christian College and Madras Law College.

*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times

(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.

Please visit the Source Website that deserves the credit and responsibility for creating this content.)

Watch Live | Source Article