After becoming the Prime Minister for the third time, Narendra Modi has handed over their departments to all the ministers on Monday. Almost all the important departments will be with the previous ministers. The finance ministry has once again been given to Nirmala Sitharaman. She was the finance minister for five years. By presenting the interim budget in February 2024, she became the first finance minister to present six consecutive budgets. Earlier this record was held by former Prime Minister Morarji Desai. Now she will go a step further by presenting the seventh budget in July. However, he will have to wait for a few more years to break Morarji Desai’s record of presenting the most 10 budgets.
5 presented the full and an interim budget
In his third term, Prime Minister Modi has once again expressed confidence in Nirmala Sitharaman. Nirmala Sitharaman, who has been a two-time Union Minister, has already presented six budgets starting with the full budget of 2019. She was the finance minister for 5 years and has presented 6 budgets. These include 5 full and one interim budget. Before this, she has also become the Minister of State for Finance for a few months.
These reforms made as Finance Minister
64-year-old Nirmala Sitharaman took charge of the Finance Ministry from Arun Jaitley in 2019. With this, she became the first woman in the country to hold the charge of the Finance Ministry for a full term. Among the major reforms he initiated as finance minister was the reduction of basic corporate tax from 30 percent to 22 percent. Taking the economy out of the challenges of the Covid pandemic, he announced a special economic package of Rs 20 lakh crore. It was about 10 percent of India’s GDP.
Finance Minister Nirmala Sitharaman has studied from JNU
Nirmala Sitharaman was born on 18 August 1959 in Madurai, Tamil Nadu. He was born in a Tamil Brahmin family to Narayanan Sitharaman and Savitri Sitharaman and did his schooling in Madras and Tiruchirappalli. Sitharaman joined Jawaharlal Nehru University (JNU) after completing her bachelor’s degree in economics from Seethalakshmi Ramaswamy College in 1980, and is also an alumnus of the London School of Economics.
In 2017, she became the first woman defense minister
In the Modi government, she set a record by being appointed as the first woman defense minister in 2017. Earlier he was the Minister of Industry and Commerce.
First full-time woman finance minister in independent India
She became the first full-time woman finance minister in independent India. Earlier, Indira Gandhi held the charge of finance as an additional department for a short period while she was the Prime Minister of India. To address the difficulties during the pandemic, the government announced a special economic package of Rs 20 lakh crore, equivalent to about 10 percent of India’s GDP. Sitharaman’s political career began in 2006 when she joined the BJP and became the party’s second woman spokesperson after Sushma Swaraj within 2 years.
Morarji Desai presented the maximum 10 budgets
Morarji Desai has presented the most 10 budgets in the country. P Chidambaram is second with 9 budgets and Pranab Mukherjee is third with 8 budgets. After this, Yashwant Sinha presented 7 budgets, CD Deshmukh presented 7 and Manmohan Singh presented 6 budgets. Indira Gandhi was the first woman to present the budget. However, he presented this budget while he was the Prime Minister.
