suresh prabhu was the acting finance minister of india.
suresh prabhu was the acting finance minister of india.
who is the acting finance minister of india?
suresh prabhu
finance minister arun jaitley announced the frbm review committee to be set up in the budget speech of february 2016–17. the government of india had set up a review committee to evaluate the frbm act, 2003[5] in order to assess its functionality in the last 12 years. the five-member panel announced by the finance minister includes former revenue secretary and secretary to the prime minister of india n. k. singh as its chairman, former finance secretary sumit bose, chief economic adviser arvind subramanian, reserve bank of india governor urjit patel and national institute of public finance and policy director dr rathin roy. the committee had wide-ranging terms of reference (tor) to comprehensively review the existing frbm act in the light of contemporary changes, past outcomes, global economic developments, best international practices and to recommend the future fiscal framework and roadmap for the country. subsequently, the terms of reference were enlarged to seek the committee's views on certain recommendations of the fourteenth finance commission and the expenditure management commission. these primarily related to strengthening the institutional framework on fiscal matters as well as certain issues connected with new capital expenditures in the budget.
fiscal responsibility and budget management act, 2003
at different times during the kalākaua's reign he held the important position on the king's executive cabinet. in 1876, kapena was appointed to the king's cabinet as minister of finance serving alongside three americans: henry a. p. carter, minister of foreign affairs; john mott-smith, minister of the interior; and alfred s. hartwell, attorney general. he served as the finance minister from december 5, 1876, until kalākaua demanded the resignation of his entire cabinet in the middle of the night on july 1, 1878. it was widely suspected that kalākaua's sudden replacement of his cabinet was influenced by american businessman claus spreckles, who refinanced the king's debts the night before, in order to secure water rights for his sugarcane plantation on maui. on july 3, kapena was appointed as the minister of foreign affairs to new cabinet with samuel gardner wilder, minister of the interior; simon kaloa kaʻai, minister of finance; edward preston, attorney general. kapena became the first native hawaiian to hold the post of foreign minister and the only minister to survive the political shakeup. he held this post from july 3, 1878, to august 14, 1880. during his tenure, the elders ("na elemakule") of tabiteuea in the gilbert islands requested annexation to hawaii. however, kapena and the king wrote back declining the request due to its political impractically. when the king chose a new cabinet in 1880, kapena was replaced in the position by the italian adventurer celso cesar moreno to the vehement opposition of the diplomatic corps and political leaders in honolulu. kapena later returned to the another cabinet headed by walter murray gibson when he was appointed minister of finance for a second term in february 1883 after kaʻai was removed for "dereliction of ministerial duty". he served as finance minister until june 30, 1886, although minister of the interiors charles t. gulick served as acting finance minister while he was attending the louisville exposition in 1885 as special commissioner. he was succeeded by paul p. kanoa.
john mākini kapena