TT Krishnamachari

TT Krishnamachari ( Tiruvellore Thattai Krishnamachari ; Tamil தி. த. கிருஷ்ணமாச்சாரி ; born November 26, 1899 in Madras ; † March 7, 1974 ibid) was a well-known Tamil-Indian politician of the Indian National Congress (INC), who, among other things, from 1952 to 1967 Member of Lok Sabha and between 1957 and 1958 and again from 1964 to 1965 was Minister of Finance of India .

Life

Studies and politician in British India

Krishnamachari, who belonged to the Tamil people , completed an undergraduate degree at the University of Madras after attending Madras Christian College , from which he graduated with a Bachelor of Arts (BA). He then worked as a businessman and founded the TTK Group in 1928 .

He began his political career in British India and was a member of the Legislative Assembly of Madras between 1937 and 1942 and then a member of the Central Legislative Assembly from 1942 to 1945.

In the immediate period before India's independence from the United Kingdom , Krishnamachari first became a member of the Constituent Assembly in 1946 and then a member of the Provisional Parliament in 1947. During this time he was a member of the Indian delegation to a financial conference in London in 1948 .

Member of the Lok Sabha and Union Minister

In 1952 he was elected with 40.7 percent for the Indian National Congress as a member of the first Lok Sabha, the first chamber of the Indian parliament , and initially represented the Lok Sabha constituency of Madras there until 1957 .

At the same time, Krishnamachari was appointed to the Union government for the first time by Prime Minister Jawaharlal Nehru in 1952 and held the office of Minister for Trade and Industry in the Nehru cabinet until 1955 and then between 1955 and 1956 the office of Minister for Trade, Industry, Iron and Steel, before he was from 1956 to 1957 Minister for Finance, Iron and Steel. In 1954, he submitted the draft of the Third Amendment to the Constitution of India , which dealt with industrial and commercial issues. In 1956 he opened the Medical School in Kurnool .

After the dissolution of his previous constituency, he was re-elected as a member of Lok Sabha, to which he belonged until 1962, with 45.9 percent in the 1957 parliamentary election in the Lok Sabha constituency of Chennai South .

On April 17, 1957, Krishnamachari took over the post of finance minister as the successor to Chintamanrao Deshmukh in the government of Prime Minister Nehru and held this ministerial office until his resignation as a result of the so-called Mudhra scandal on February 18, 1958. Subsequently, Prime Minister Nehru took over himself the office of finance minister.

In the 1962 parliamentary elections, he was re-elected as a member of the Lok Sabha in the Lok Sabha constituency of Tiruchendur without opposing candidates and then served as a minister without portfolio in the Union government of Nehru. In 1962 the TT Krishnamachari Auditorium in Mylapore was built in honor .

As successor to Morarji Desai , Krishnamachari was again Finance Minister in 1964 in the government of Lal Bahadur Shastri , Nehru's successor as Prime Minister, and retained this ministerial office until he was replaced by Sachindra Chaudhuri in 1965. In the 1967 parliamentary elections he did not run for a seat in the again Lok Sabha and withdrew from politics.

Web links

• Entry on the Lok Sabha homepage
• India: Ministries in rulers.org