Palaniappan Chidambaram

Palaniappan Chidambaram (born 16 September 1945) is an Indian politician and attorney who currently serves as Member of Parliament, Rajya Sabha and formerly served as Union Minister of Finance of India. Chidambaram is a corporate lawyer and an important member of the last Congress-led government. He has been the Finance Minister since May 2004, except for a three and a half year stint – beginning November 2008 – as Home Minister, in the wake of the 2008 Mumbai terror attacks. Chidambaram returned as Finance Minister in July 2012, succeeding Pranab Mukherjee, who demitted office to become the President of India.

In the budget for 1996–97, Chidambaram brought discipline in government spending and launched an ambitious tax reform program to tackle an unwieldy fiscal deficit.