Palaniappan Chidambaram (born 16 September 1945) is an Indian politician and former attorney who currently serves as Member of Parliament, Rajya Sabha and formerly served as the Union Minister of Finance of India.
|Member of Parliament, Rajya Sabha for Maharashtra|
|Assumed office |
5 July 2016
|Minister of Finance|
31 July 2012 – 26 May 2014
|Prime Minister||Manmohan Singh|
|Preceded by||Pranab Mukherjee|
|Succeeded by||Arun Jaitley|
22 May 2004 – 30 November 2008
|Prime Minister||Manmohan Singh|
|Preceded by||Jaswant Singh|
|Succeeded by||Pranab Mukherjee|
1 May 1997 – 19 March 1998
|Prime Minister||I. K. Gujral|
|Preceded by||I. K. Gujral|
|Succeeded by||Yashwant Sinha|
1 June 1996 – 21 April 1997
|Prime Minister||H. D. Deve Gowda|
|Preceded by||Jaswant Singh|
|Succeeded by||I. K. Gujral|
|26th Home Minister of India|
29 November 2008 – 31 July 2012
|Prime Minister||Manmohan Singh|
|Preceded by||Shivraj Patil|
|Succeeded by||Sushilkumar Shinde|
|Minister of Personnel, Public Grievances and Pensions|
30 November 2009 – 31 July 2012
|Prime Minister||Manmohan Singh|
|Preceded by||Shivraj Patil|
|Succeeded by||Sushilkumar Shinde|
26 December 1985 – 2 December 1989
|Prime Minister||Rajiv Gandhi|
|Preceded by||Kamakhya Prasad Singh Deo|
|Succeeded by||Margaret Alva|
|Member of Parliament, Lok Sabha|
|Preceded by||R. Swaminathan|
|Succeeded by||E. M. Sudarsana Natchiappan|
|Preceded by||E. M. Sudarsana Natchiappan|
|Succeeded by||P. R. Senthilnathan|
|Constituency||Sivaganga, Tamil Nadu|
|Born||16 September 1945|
Kandanur, Madras Presidency, British India
(now in Tamil Nadu, India)
|Political party||Indian National Congress (2004–present)|
|Tamil Maanila Congress (1996–2001)|
Congress Jananayaka Peravai (2001–2004)
|Children||Karti Chidambaram (son)|
|Alma mater||University of Madras (BSc, LLB)|
Harvard University (MBA)
He was the Finance Minister starting in May 2004 through 2014, except for a three-and-a-half year stint – beginning November 2008 – as Home Minister. Chidambaram returned as Finance Minister in July 2012, succeeding Pranab Mukherjee, who demitted office to become the President of India.
Early life and educationEdit
Chidambaram was born to Kandanur L. Ct. L. Palaniappa Chettiar and Lakshmi Achi in Kanadukathan in the Sivaganga District in the state of Tamil Nadu, India. His maternal grandfather was Raja Sir Annamalai Chettiar, a wealthy merchant and banker from Chettinad.
Chidambaram did his schooling at the Madras Christian College Higher Secondary School he passed the one-year pre University course from Loyola College, Chennai. After graduating with a BSc degree in statistics from the Presidency College, Chennai, he completed his Bachelor of Laws from the Madras Law College (now Dr. Ambedkar Government Law College) and his MBA from Harvard Business School in the class of 1968. He also holds a master's degree from Loyola College in Chennai.
During this time his politics inclined to the left and in 1969 he joined N. Ram, later editor of The Hindu, and the women's activist Mythili Sivaraman in starting a journal called the Radical Review.
Chidambaram has two brothers and one sister. His father's business interests covered textiles, trading and plantations in India. He chose to concentrate on his legal practice and stayed away from the family business..
Chidambaram was elected to the Lok Sabha (lower house) of the Indian Parliament from the Sivaganga constituency of Tamil Nadu in general elections held in 1984. He was a union leader for MRF and worked his way up in the Congress party. He was the Tamil Nadu Youth Congress president and then the general secretary of the Tamil Nadu Pradesh Congress Committee unit. He was inducted into the Union (Indian federal) Council of Ministers in the government headed by Prime Minister Rajiv Gandhi on 21 September 1985 as a Deputy Minister in the Ministry of Commerce and then in the Ministry of Personnel. His main actions during his tenure in this period was to control the price of tea and he has been criticized by the Government of Sri Lanka for destroying the Sri Lankan tea trade by fixing the prices of the commodity in India using state power. He was elevated to the rank of Minister of State in the Ministry of Personnel, Public Grievances and Pensions in January 1986. In October of the same year, he was appointed to the Ministry of Home Affairs as Minister of State for Internal Security. He continued to hold both offices until general elections were called in 1989. The Indian National Congress government was defeated in the general elections of 1989.
In June 1991, Chidambaram was inducted as a Minister of State (Independent Charge) in the Ministry of Commerce, by the then Prime Minister Mr P V Narasimha Rao; a post he held till July 1992. He was later re-appointed Minister of State (Independent Charge) in the Ministry of Commerce in February 1995 and held the post until April 1996. He made some radical changes in India's export-import (EXIM) policy, while at the Ministry of Commerce.
In 1996, Chidambaram quit the Congress party and joined a breakaway faction of the Tamil Nadu state unit of the Congress party called the Tamil Maanila Congress (TMC). In the general elections held in 1996, TMC along with a few national and regional level opposition parties, formed a coalition government. The coalition government came as a big break for Chidambaram, who was given the key cabinet portfolio of Finance. His 1997 budget is still remembered as the dream budget for the Indian economy. The coalition government was a short-lived one (it fell in 1998), but he was reappointed to the same portfolio in the government formed by Prime Minister Manmohan Singh in 2004.
In 1998, the Bharatiya Janata Party (BJP) took the reins of the government for the first time and it was not until May 2004 that Chidambaram would be back in government. Chidambaram became Minister of Finance again in the Congress party – Communist Party United Progressive Alliance government on 24 May 2004. During the intervening period Chidambaram made some experiments in his political career, leaving the TMC in 2001 and forming his own party, the Congress Jananayaka Peravai, largely focused on the regional politics of Tamil Nadu. The party failed to take off into mainstream Tamil Nadu or national politics. Just before the elections of 2004, he merged his party with the mainstream Congress party and when the Congress won the election, he was inducted into the Council of Ministers under the new Prime Minister Manmohan Singh as cabinet Minister of Finance.
On 30 November 2008, he was appointed the Union Home Minister following the resignation of Shivraj Patil who had come under intense pressure to tender his resignation following a series of terror attacks in India, including the Mumbai attacks on 26 November 2008. The public response to this move was generally favourable given Chidambaram's reputation for competence and efficiency.
In 2009, Chidambaram was re-elected from the Sivaganga Lok Sabha constituency in the Congress and retained the Home ministry. He was one of the representatives of the central government when a tri-party agreement was signed with the Gorkha Hill Council and the Government of West Bengal, an agreement which was a result of Mamata Banerjee's effort to end a decade long unrest in the hills of Darjeeling.
The Indian National Congress appointed P. Chidambaram as one of thirteen senior spokespersons on 15 September 2014. He ceded his seat to his son Karti in 2014, which resulted in electoral defeat for his son.. In 2016, he was elected as an MP of the Rajya Sabha, the upper house of Indian parliament from the state of Maharashtra.
Family and personal lifeEdit
Chidambaram's mother, Lakshmi Acchi, was the daughter of Sir Annamalai Chettiar, a banker and merchant, and was granted the title of Raja by British. Annamalai Chettiar was the founder of Annamalai University and United India Insurance Company Limited. His brother, Ramaswami Chettiar, was the founder of the Indian Bank and the co-founder of another major bank, the Indian Overseas Bank.
He is married to Nalini Chidambaram, daughter of Justice (Retd.) P.S. Kailasam, of the Supreme Court, and Mrs. Soundra Kailasam, a renowned Tamil poet and author. Nalini Chidambaram is a senior advocate practising in the Madras High Court and the Supreme Court of India. He has a son, Karti P. Chidambaram, who graduated with a BBA degree from the University of Texas, Austin, and a Masters in Law from the University of Cambridge. Karti, a member of the Congress Party's AICC, is active in Tamil Nadu state politics. Karti is married to Dr. Srinidhi Rangarajan, a well-known Bharathanatyam dancer and medical doctor, working with the Apollo Group of Hospitals in Chennai. Karti and Srinidhi have a daughter, Aditi Nalini Chidambaram.
The neutrality of this section is disputed. (August 2019) (Learn how and when to remove this template message)
The Voluntary Disclosure of Income Scheme (VDIS) 1997, which he announced when he was Finance Minister with the United Front government, was condemned by the Controller and Auditor General of India as abusive because of the loopholes that made it possible to fudge data to the financial advantage of the confessor.
Chidambaram was criticised for his ministry's failure to prevent the 2011 Mumbai bombings, despite massive investments in security following the 2008 Mumbai attacks. Three years after the 2008 attacks, security preparations were proven to be inadequate with channel breakdown and failures in modernising, procuring, and installing security equipment. Chidambaram defended the agencies under his ministry against the charge of intelligence failure with the response which was later ridiculed by many people in India and its media:
Having no intelligence in this case, however, does not mean that there was a failure on part of the intelligence agencies. There has been no intelligence failure. There was no intelligence warning about 13/7.
Tamil Nadu Chief Minister Jayaram Jayalalithaa wrote to the Chief Election Commissioner in 2011 that data entry operators at Sivaganga had transferred 3,400 votes polled by Kannappan from 11 polling stations in Chidambaram's favour. News reports suggest that on May 16, 2009, the AIADMK candidate Raja Kannappan was declared elected by 3555 votes at 12.30 pm, and the news was also broadcast on television. But in a dramatic reversal a few hours later, P Chidambaram was declared elected by 3354 votes at 4.30 pm, and was confirmed as the winner after a recount at 8.30 pm.
On 7 April 2009, Chidambaram was assaulted by Sikh journalist Jarnail Singh during a press conference in Delhi on the issue of a "clean chit" to Jagdish Tytler. Singh, who writes for the Hindi daily newspaper Dainik Jagaran was dissatisfied with Chidamabaram's answer to a question on the Central Bureau of Investigation's (CBI) "clean chit" regarding Jagdish Tytler's involvement in the 1984 anti-Sikh riots. It was the first shoe throwing incident in India.
Chidambaram was part of Vedanta's legal team and on its board before becoming finance minister in 2004 . In 2002, a year before UK's Financial Services Authority allowed Sterlite to reconstitute itself as Vedanta Resources Plc, the Enforcement Directorate (ED) served a show-cause notice on three of Chairman Anil Agarwal's family. The notice was a demand that Sterlite directors answer allegations about using their holding companies-Volcan and Twinstar-to avoid paying taxes on forex transactions. It was a polite way of saying there was prima facie evidence, dating back to 1993, that the Agarwals were guilty of money laundering. For seven years the case dragged on in courts as Sterlite employed top lawyers to use every possible delaying tactic. P. Chidambaram argued in Sterlite's defence in a 2003 Bombay High Court case related to the ED's allegations. The following year, Chidambaram found himself appointed non-executive director on the board of Vedanta Resources Plc. And very soon, he became finance minister in UPA 1.
Former Union Minister and Senior Advocate Ram Jethmalani's letter to Chidambaram on 6 December 2013 accused him of acting in collusion with the NDTV and laundering Rs 5000 crores of money through Mauritius route back to India.
INX Media, Aircel-Maxis caseEdit
In 2006, political leader Dr. Subramanian Swamy alleged that a company controlled by Karti Chidambaram, the son of Minister of Finance P. Chidambaram, received a five-percent share of Aircel to get part of ₹40 billion paid by Maxis Communications for the 74-percent share of Aircel. According to Swamy, Chidambaram withheld Foreign Investment Promotion Board clearance of the deal until his son received the five-percent share in Siva's company. The issue was raised a number of times in Parliament by the opposition, which demanded Chidambaram's resignation. Although Chidambaram and the then ruling Congress government denied the allegations, The Pioneer and India Today reported the existence of documents showing that Chidambaram delayed approval of the foreign direct investment proposal by about seven months. It was alleged that Chidambaram's son, Karti was a direct beneficiary of the 2G spectrum case. His company, Advantage Strategic Consulting had a five per cent stake in Aircel Televentures, even as his father P Chidambaram, as Finance minister, was alleged to have offered FIPB clearance for the Aircel-Maxis deal only if his son's company,Advantage Strategic Consulting, got shares in Aircel Ventures. The Enforcement Directorate is currently investigating his involvement in Aircel deal. In 2012, and, subsequently, in 2016, information of wide scale corruption by Chidambaram's son Karti Chidambaram and Robert Vadra, with the help of his father's position, including through the Airtel-Maxis deal and the Uttar Pradesh NRHM scam, was unveiled in prominent newspapers and media in India. Simultaneously, Chidambaram and his son Karti have been dogged with allegations of corruption, misuse of position, insider trading and money laundering.
On 20 August 2019, the Delhi High Court dismissed both anticipatory bail pleas of Chidambaram in connection with corruption charges in the INX Media case during his tenure as Finance minister in UPA Government. On 21 August, he appeared at the Congress HQ and addressed a press conference stating that he was "not accused"; however, he left the place, and, later, he was arrested by the Central Bureau of Investigation and Enforcement Directorate at his home. On 5 September 2019, Supreme Court dismissed his appeal against rejection of anticipatory bail plea by Delhi High Court. The Special Court ordered Chidambaram to stay in judicial custody in Tihar Jail for 14 days. On 4 December he was granted bail by the supreme court.
Books, research papers and journalsEdit
Chidambaram is a published author of several books.
- Fearless in Opposition: Power and Accountability (Publisher: Rupa Publications India; ISBN 978-8129145291)
- Standing Guard: A Year in Opposition (Publisher: Rupa Publications India; ISBN 978-8129139627)
- Speaking Truth to Power: My Alternative View (Publisher: Rupa Publications India; ISBN 978-8129151063)
- Undaunted: Saving the Idea of India (Publisher: Rupa Publications India; ISBN 978-9353333737)
- A View from the Outside: Why Good Economics Works for Everyone (Publisher: Penguin India; ISBN 978-0670081165)
Books featuring P. ChidambaramEdit
- P Chidambaram Biography – About family, political life, awards won, history. Elections.in. Retrieved on 18 August 2016.
- Piyush Goyal, Chidambaram, Suresh Prabhu, Sharad Yadav elected to Rajya Sabha – The Economic Times. Economictimes.indiatimes.com (3 June 2016). Retrieved on 2016-08-18.
- Chidambaram, Wife Own Assets Worth Over Rs 20 Crore. news.outlookindia.com (23 April 2009). Retrieved 16 August 2011.
- "Star-studded 175th b'day for MCC school". The Times of India. 7 October 2010. Retrieved 7 October 2018.
- Meg Berté (MBA '00) – December 2005 – Alumni Bulletin – Harvard Business School. Alumni.hbs.edu. Retrieved 16 August 2011.
- Kohli, Namita (11 October 2013). "With fire in her belly". The Hindu. Retrieved 11 March 2014.
- "P.Chidambaram - The Telegraph". The Telegraph. Retrieved 1 November 2019.
- "In fact: 18 years ago, a tax amnesty scheme that worked – and why". The Indian Express. 2 October 2015. Retrieved 15 July 2018.
- "CJP merges with Congress". The Hindu. 26 November 2004.
- A victory for the terrorist?. The Hindu. Retrieved 1 November 2011.
- "Chidambaram declared winner after 21 rounds of counting". The Hindu. 17 May 2009.
- "Historic pact paves way for peace in Darjeeling hills". The Times of India. Retrieved 1 November 2011.
- "13 spokespersons chosen by Congress". Zeenews. Zee Media Bureau. 21 January 2014. Retrieved 18 September 2014.
- "Ahead of polls, Congress leaders want to retreat". Priyamvatha P. India Today. 13 March 2014. Retrieved 8 October 2018.
- "Chidambaram wants his son to log in at Sivaganga". The Times of India. 14 March 2014. Retrieved 8 October 2018.
- "Jaya tears into Chidambaram in his home turf". V Mayilvaganan. The Times of India. 22 March 2014. Retrieved 8 October 2018.
- "Election results 2014: As P Chidambaram power fails Karti comes fourth". V Mayilvaganan. The Times of India. 17 May 2014. Retrieved 8 October 2018.
- M.Ct.M Group Education and Business Activities. Mctmib.org. Retrieved 16 August 2011.
- Tamil Nadu / Sivaganga News : IOB founder’s birth centenary celebrated. The Hindu (4 August 2008). Retrieved 16 August 2011.
- Chennainagarathar.com Archived 1 February 2011 at the Wayback Machine. Chennainagarathar.com. Retrieved 16 August 2011.
- Welcome to Annamalai University Archived 22 February 2014 at the Wayback Machine. Annamalaiuniversity.ac.in. Retrieved 16 August 2011.
- Raja Sir Annamalai Chettiar | Nagarathar Sangam of North America. Achi.org. Retrieved 16 August 2011.
- "Friend, father & philosopher of black money is Chidambaram". The Sunday Guardian. 27 October 2016. Retrieved 27 October 2016.
- Bahree, Megha (16 July 2011). "Mumbai Response Points to Security Gaps". The Wall Street Journal. Retrieved 26 July 2011.
- "Mumbai blasts: Chidambaram denies intelligence failure". India Today. 15 July 2011. Retrieved 26 July 2011.
- "13/7 Mumbai blasts: Chidambaram rejects charges of intelligence failure". Yahoo! News. 14 July 2011. Retrieved 26 July 2011.
- "Archived copy". Archived from the original on 18 July 2014. Retrieved 18 July 2014.CS1 maint: archived copy as title (link)
- The Times of India. Timesofindia.indiatimes.com. Retrieved on 18 August 2016.
- "Journalist hurls shoes at". Indian Express. Retrieved 12 March 2014.
- "Chidambaram's 2007 flip-flop let Anil Agarwal's Vedanta take over Sesa Goa". www.indiatoday.in. Retrieved 30 November 2018.
- "Ram Jethmalani's letter to P. Chidambaram in NDTV money laundering matter | Indian Black Money | Money Laundering".
- "Govt's defence of Chidambaram rings hollow". The Pioneer. 8 May 2012. Retrieved 10 May 2012.
- "Aircel-Maxis Deal: Parliament Disrupted Over PC's Role". Outlook India. 8 May 2012. Archived from the original on 10 November 2013. Retrieved 10 May 2012.
- "Aircel-Maxis Deal: PC Dismisses Charges as Reckless". Outlook India. 10 May 2012. Archived from the original on 10 May 2012. Retrieved 10 May 2012.
- "Document shows Chidambaram delayed Aircel-Maxis deal by 7 months". India Today. 8 May 2012. Retrieved 10 May 2012.
- "Govt trapped in own web of deceit". The Pioneer. 9 May 2012. Retrieved 10 May 2012.
- "Chidambaram's son a direct beneficiary of 2G scam: Subramaniam Swamy - Times of India".
- "Chidambaram expected to appear before ED on Tuesday in Aircel-Maxis money laundering case". 4 June 2018.
- Chidambaram, Narita (26 April 2012). "Subramanian Swamy exposes Chidambaram,son in corruption case". One India. Retrieved 27 October 2016.
- Verma, Gyan; Khanna, Pretika (4 March 2016). "Pioneer - the unlikely crusader". The Live Mint. Retrieved 27 October 2016.
- Correspondent, Special (21 December 2015). "ED searches Karti's office; Chidambaram alleges harassment". The Hindu. Retrieved 27 October 2016.
- "Chidambaram arrested in INX Media case after high drama". The Hindu. Special Correspondent. 21 August 2019. ISSN 0971-751X. Retrieved 22 August 2019.CS1 maint: others (link)
- "In 2nd Round of Interrogation, CBI Quizzes Chidambaram on Meeting With Indrani Mukerjea | LIVE Updates". News18. 22 August 2019. Retrieved 22 August 2019.
- "P Chidambaram's arrest: As it happened". India Today. Retrieved 22 August 2019.
- DelhiSeptember 6, Press Trust of India New; September 6, 2019UPDATED; Ist, 2019 01:27. "INX Media case: Chidambaram lands in Tihar Jail that currently has 17,400 inmates". India Today. Retrieved 5 September 2019.
|Wikiquote has quotations related to: P. Chidambaram|
|Wikimedia Commons has media related to Palaniappan Chidambaram.|