Union Minister Piyush Goyal has unveiled the statue of Independent India’s first Finance Minister RK Shanmugam Chetty in Tamil Nadu

In an event organized by the South Indian Panchayat Association in Coimbatore, Piyush Goyal, the Union Minister of Textiles, inaugurated the statue of RK Shanmugam Chetty, who served as the first Finance Minister of independent India.
Ramasamy Chetty Kandasamy Shanmukham Chetty, known as R.K. Shanmukham Chetty, was a prominent Indian lawyer, economist, and politician who played a pivotal role in the early years of independent India. He held significant positions in both government and academia during his distinguished career.
Born on 17 October 1892 into a prosperous family of mill owners in Coimbatore, R.K. Shanmukham Chetty went on to become India’s first Finance Minister.
His contributions to the nation are noteworthy, particularly during his tenure as Finance Minister from 1947 to 1948.
On 26 November 1947, he presented India’s first budget after gaining independence, a historic moment in the country’s fiscal history.