John Mathai

Finance Minister : John Mathai
Budget Year :1949

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John Mathai

John Mathai ¬†was an economist who served as India’s first Railway Minister and subsequently as India’s Finance Minister, taking office shortly after the presentation of India’s first Budget, in 1948. Mathai graduated in economics from Madras Christian College. He served as a part-time professor in University of Madras from 1922 to 1925. He presented two Budgets, but resigned following the 1950 Budget in protest at the increasing power of the Planning Commission.

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