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R. K. Shanmukham Chetty

Sir Ramasamy Chettiar Kandasamy Shanmukham Chettiar KCIE was an Indian lawyer, economist and statesman who served as first Finance Minister of India from 1947 to 1948. He also served as President of India's Central Legislative Assembly from 1933 to 1935 and Diwan of Cochin kingdom from 1935 to 1941.

Early life
Shanmukham Chettiar was born to Kandasamy Chettiar in Vaaniar Street, Coimbatore on 17 October 1892. Shanmukham Chettiar's grandfather Ramasami Chettiar had migrated to Coimbatore in the middle of the 19th century. The family was involved in business and owned a number of mills in Coimbatore city. Shanmukham Chettiar had his schooling at Coimbatore. He studied economics at Madras Christian College and graduated in law from Madras Law College. On completion of his graduation, Shanmukham Chettiar did not join the bar. Instead, he took care of the family business and after some time, entered politics. == Early political career ==
Early political career
Shanmukham Chettiar joined the Justice Party and became a Councillor in the Coimbatore municipality in 1917. Soon afterwards, he was elected Vice-Chairman of the Coimbatore Municipality. Chettiar is credited with having brought about some reforms in the municipal administration. He served as a member of the Madras Legislative Council from 1920 to 1922, when he resigned. Chettiar represented Indian employers at the International Labour Conference in Geneva in 1928, 1929 and 1932. Shanmukham Chettiar served as President till 1935, when he had to quit his membership of the Central legislative Assembly after losing the 1935 elections. == Later political career ==
Later political career
Chettiar served as Diwan of Cochin from 1935 to 1941. During his tenure, new reforms were brought in the administration of the princely state. During this period, Shanmukham Chettiar tried to revive the staggering Justice Party but failed. Shanmukham Chettiar is, today, remembered for presenting the first budget of independent India on 26 November 1947. Chettiar returned to state politics and was re-elected to the Madras State Legislative Assembly in the 1952 elections as an independent candidate. == Constituent Assembly Debates ==
Constituent Assembly Debates
Source: In the Constituent Assembly, Chettiar he intervened on the issues of fiscal federalism. The Parliament House will join with me in conveying our condolence to his family. The House may stand in silence for a minute and express its sorrow. == Death ==
Death
Shanmukham Chettiar suffered a severe heart attack on 3 May 1953. He succumbed to a second attack on the evening of 5 May 1953. == Honours ==
Honours
Chettiar was made a Knight Commander of the Order of the Indian Empire on 3 June 1933. He was conferred with the degree of Doctor of Philosophy by the Annamalai University. A life-size bronze statue of Dr. Chettiar was unveiled on the campus of R. K. Sreerangammal Kalvi Nilayam Higher Secondary School, Coimbatore on 6 July 2014. Kochi's Shanmugham road is named after him. == Notes ==
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