Modi's government is also working on a universal health coverage plan that would provide all citizens with free drugs and diagnostic treatment.
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So, how well do you know the Finance Ministers of India, who have contributed towards India's story? Take this quiz to know a little more about India's Finance Ministers:
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
Come November and you can travel to Agra, the city of Taj Mahal, by train in just 90 minutes, cutting the journey time by 30 minutes at least.
China has launched bullet train services along a mountainous route touted as the most challenging high speed rail project that the country has ever built.
The Indian Railways has proposed to introduce a modern coach "Anubhuti" with good ambience in the premier Rajdhani and Shatabdi trains providing higher travel comfort to passengers.
The Indian Railways will develop few stations which will be at par with global standard.
The Union budget would be presented this Friday.
The Economic Survey has acknowledged the measures taken by the UPA government on the macro stabilisation front and the successes achieved in containing the current account deficit and reducing the fiscal deficit.
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Union Budget 2015 cuold have included few smaller reforms.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Railway Minister Pawan Kumar Bansal did not hike passenger fares.
The Railway Budget on Tuesday proposed a major revamp of the passenger reservation facility by transforming it into a next generation e-ticketing system, supporting 7,200 tickets per minute and allowing 1.20 lakh users simultaneously.
Travellers can now get read-to-eat-meals on board a train.
Homegrown auto major Mahindra & Mahindra is recalling around 23,000 units of a select variant of its popular sports utility vehicle Scorpio to rectify faulty pressure regulating valves.
Finance ministers play a key role in shaping the country's economy.
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Hussain said the new government had inherited an "empty treasury" while the prices of oil were shooting up.
Finance Minister Arun Jaitley presented the Budget in Parliament on Saturday.
Currently, if the IT department finds out that some income has been missed out by the assessee, it goes through a lengthy process of adjudication, and the new proposal would repose trust in the taxpayer.
Chhattisgarh, Manipur, Odisha, Madhya Pradesh, Jharkhand, Bihar and Assam figure among the poorest states where over 40 per cent of people are below poverty line.
The first Railway Budget of this Bharatiya Janata Party-led National Democratic Alliance government is a cosmetic exercise, high on rhetoric and low in substance, the CPI-M said.
The Railways could tie up with technical institutions for introducing railway-oriented subject for graduation and skill development.
Significantly, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future, 45 per cent cited no change in investment levels, while only 5 per cent expected a fall.
Disposable linen in Rajdhani trains, automatic closing doors in Shatabdi and fire suppression system in passenger coaches are some of the proposals set to be announced in the Rail Budget 2014-15.
She said I treated her like a bachchi. At another moment, she said I had gone to various people and 'bitched' about her. She also threatened to bring the entire matter to the PM's notice. A revealing excerpt from Subhash Chandra Garg's We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.
There are four public sector general insurance companies.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
The Budget sets out a comprehensive vision.
Under the Budget being presented by Finance Minister Pranab Mukherjee, the Plan expenditure for both the Centre and the states will go up by Rs 61,000 crore (Rs 610 billion) over the Interim Budget.
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For about six decades, Hellenikon was Athens' only airport but it closed down in 2001 to make way for a newer, more modern airport before the city hosted the 2004 Olympic Games.
Tax deduction limit up Rs 50K for investment in pension fund.
UMPP is coal-based thermal power project that has 4,000 MW capacity.
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