--- title: "Meaning & Key Takeaway of: A finance minister should have a basic…" description: "\"A finance minister should have a basic understanding of the country, know where the shoe pinches and, hence, have some compassion in policy formulation..." image: "https://sms4smile.com/quotes/i/fbf/arun-jaitley-17357_compassion_a-finance-minister-should-have-a-basic-u_1208794.png" --- # A finance minister should have a basic understanding of… ![“A finance minister should have a basic understanding of the country, know where the shoe pinches and, hence, have some compassion in policy formulation. An ability to understand economic issues should certainly be there.” quote by Arun Jaitley](https://sms4smile.com/quotes/i/fbf/arun-jaitley-17357_compassion_a-finance-minister-should-have-a-basic-u_1208794.png) [Download](https://sms4smile.com/quotes/i/fbf/arun-jaitley-17357_compassion_a-finance-minister-should-have-a-basic-u_1208794.png) [Open image](https://sms4smile.com/quotes/i/fbf/arun-jaitley-17357_compassion_a-finance-minister-should-have-a-basic-u_1208794.png) > “A finance minister should have a basic understanding of the country, know where the shoe pinches and, hence, have some compassion in policy formulation. An ability to understand economic issues should certainly be there.” [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A finance minister must grasp the nation's realities, feel its pressures, and embed compassion in policy, ensuring economic insight guides decisions. **In simple terms:** Policymakers need empathy and economic knowledge. Key Takeaway Combine data with humane judgment. Themes economics policy compassion governance leadership Mood analytical pragmatic Type policy economic. When to use this quote - budget planning - social welfare programs - crisis management Key Concepts systemic understanding human-centered policy Questions to Reflect On - How can compassion be measured in policy? - What economic indicators best reflect citizen wellbeing? A Different Perspective Overemphasis on data can ignore human impact. ★ ★ ★ ★ ★ No ratings yet [Compassion](https://sms4smile.com/quotes/about/compassion/) [Finance](https://sms4smile.com/quotes/about/finance/) [Learning](https://sms4smile.com/quotes/about/learning/) [Minister](https://sms4smile.com/quotes/about/minister/) [Money](https://sms4smile.com/quotes/about/money/) [Understanding](https://sms4smile.com/quotes/about/understanding/) ## Related quotes > [The government that came into power after the April 1994 elections was going to need a budget. It was drafted by our finance minister,…](https://sms4smile.com/quotes/f-w-de-klerk/the-government-that-came-into-power-after-the-april-1994-elections/) [F. W. de Klerk](https://sms4smile.com/quotes/author/f-w-de-klerk/) > [When I was the finance minister, I got on well with the RBI Governor.](https://sms4smile.com/quotes/manmohan-singh/when-i-was-the-finance-minister-i-got-on-well-with-the-rbi-governor/) [Manmohan Singh](https://sms4smile.com/quotes/author/manmohan-singh/) > [Spending time at the Federal Reserve was a good learning opportunity for me. It helped me to understand economic philosophies and polices that I…](https://sms4smile.com/quotes/herman-cain/spending-time-at-the-federal-reserve-was-a-good-learning-opportunity/) [Herman Cain](https://sms4smile.com/quotes/author/herman-cain/) > [It is impossible to understand the economic system in which we are living if we try to interpret it as a rational scheme.It has…](https://sms4smile.com/quotes/edwin-arlington-robinson/it-is-impossible-to-understand-the-economic-system-in-which-we-are/) [Edwin Arlington Robinson](https://sms4smile.com/quotes/author/edwin-arlington-robinson/) > [I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.](https://sms4smile.com/quotes/ray-dalio/i-m-just-saying-that-if-you-understand-how-the-economic-machine-works/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [I am passionately interested in understanding how my country works. 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He has turned out to be a third-rate failure as finance minister.](https://sms4smile.com/quotes/subramanian-swamy/chidamabaram-has-ruined-the-economy-he-has-turned-out-to-be-a-third/) [Subramanian Swamy](https://sms4smile.com/quotes/author/subramanian-swamy/) > [A shoe dog is somebody that really loves shoes, and that was me. I was a runner... that became important to me, and it's…](https://sms4smile.com/quotes/phil-knight/a-shoe-dog-is-somebody-that-really-loves-shoes-and-that-was-me-i-was/) [Phil Knight](https://sms4smile.com/quotes/author/phil-knight/) > [No one knows whom the shoe pinches - no one.](https://sms4smile.com/quotes/sholom-aleichem/no-one-knows-whom-the-shoe-pinches-no-one/) [Sholom Aleichem](https://sms4smile.com/quotes/author/sholom-aleichem/) ## More by Arun Jaitley > [If some student belonging to weaker section of society suffers distress, humanity says it must be addressed.](https://sms4smile.com/quotes/arun-jaitley/if-some-student-belonging-to-weaker-section-of-society-suffers/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [According to me when former governors join the political mainstream, the whole cause propagated for autonomy of the institutions, itself gets impacted. When they…](https://sms4smile.com/quotes/arun-jaitley/according-to-me-when-former-governors-join-the-political-mainstream/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Parliamentary obstructionism should be avoided. It is a weapon to be used in the rarest of the rare cases. Parliamentary accountability is as important…](https://sms4smile.com/quotes/arun-jaitley/parliamentary-obstructionism-should-be-avoided-it-is-a-weapon-to-be/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Step by step, brick by brick, the edifice of India's legislature is being destroyed.](https://sms4smile.com/quotes/arun-jaitley/step-by-step-brick-by-brick-the-edifice-of-india-s-legislature-is/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [I think the Indian media suffers from a feudal mindset.](https://sms4smile.com/quotes/arun-jaitley/i-think-the-indian-media-suffers-from-a-feudal-mindset/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Extraordinary situations require an out-of-box thinking. Conventionalists cannot find such solutions.](https://sms4smile.com/quotes/arun-jaitley/extraordinary-situations-require-an-out-of-box-thinking/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [What makes the BJP or its government of Modi a brand for the elections - it is some content that makes the brand. Hollowness…](https://sms4smile.com/quotes/arun-jaitley/what-makes-the-bjp-or-its-government-of-modi-a-brand-for-the/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Over Legislation is not necessarily a virtue. It often leads to misuse of law.](https://sms4smile.com/quotes/arun-jaitley/over-legislation-is-not-necessarily-a-virtue-it-often-leads-to-misuse/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Hate speech can't be a part of free speech.](https://sms4smile.com/quotes/arun-jaitley/hate-speech-can-t-be-a-part-of-free-speech/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Narendra Modi promised a future and represented a hope. He wanted to rid the nation of a non-performing, corrupt government. People voted for him.](https://sms4smile.com/quotes/arun-jaitley/narendra-modi-promised-a-future-and-represented-a-hope-he-wanted-to/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [I've always had full confidence in the professionalism and the assessment of the armed forces.](https://sms4smile.com/quotes/arun-jaitley/i-ve-always-had-full-confidence-in-the-professionalism-and-the/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Terror must be attacked from where it originates. Otherwise, you will only be defending yourself against terror.](https://sms4smile.com/quotes/arun-jaitley/terror-must-be-attacked-from-where-it-originates-otherwise-you-will/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Only a state with resources can deplete poverty.](https://sms4smile.com/quotes/arun-jaitley/only-a-state-with-resources-can-deplete-poverty/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [The Gandhi family is a pampered lot. They have only dealt with people at their beck and call.](https://sms4smile.com/quotes/arun-jaitley/the-gandhi-family-is-a-pampered-lot-they-have-only-dealt-with-people/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) > [Manmohan Singh is the best politician India has seen. I can't say the same about him as an economist.](https://sms4smile.com/quotes/arun-jaitley/manmohan-singh-is-the-best-politician-india-has-seen-i-can-t-say-the/) [Arun Jaitley](https://sms4smile.com/quotes/author/arun-jaitley/) [Explore all 37 Arun Jaitley quotes ](https://sms4smile.com/quotes/author/arun-jaitley/) ## More Compassion quotes > [Half the misery of human life might be extinguished if men would alleviate the general curse they lie under by mutual offices of compassion,…](https://sms4smile.com/quotes/joseph-addison/half-the-misery-of-human-life-might-be-extinguished-if-men-would/) [Joseph Addison](https://sms4smile.com/quotes/author/joseph-addison/) > [“I fight with love and kindness as my weapons and compassion as my defense.”](https://sms4smile.com/quotes/debasish-mridha/i-fight-with-love-and-kindness-as-my-weapons-and-compassion-as-my/) [Debasish Mridha](https://sms4smile.com/quotes/author/debasish-mridha/) > [I really enjoy making people laugh; I've discovered that's a great technique. That's as powerful as stirring their sorrow, stirring their compassion, because that…](https://sms4smile.com/quotes/max-lucado/i-really-enjoy-making-people-laugh-i-ve-discovered-that-s-a-great/) [Max Lucado](https://sms4smile.com/quotes/author/max-lucado/) > [“If you refuse to use physical force, then you will be at the mercy of your oppressor!”](https://sms4smile.com/quotes/segun-magbagbeola/if-you-refuse-to-use-physical-force-then-you-will-be-at-the-mercy-of/) Segun Magbagbeola > [For some reason, we are truly convinced that if we criticize ourselves, the criticism will lead to change. If we are harsh, we believe…](https://sms4smile.com/quotes/geneen-roth/for-some-reason-we-are-truly-convinced-that-if-we-criticize-ourselves/) [Geneen Roth](https://sms4smile.com/quotes/author/geneen-roth/) > [I could not have slept tonight if I had left that helpless little creature to perish on the ground.](https://sms4smile.com/quotes/abraham-lincoln/i-could-not-have-slept-tonight-if-i-had-left-that-helpless-little/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) > [We are puzzled and bewildered whenever we see suffering in this world because we have become accustomed to the mercy and the long-suffering of…](https://sms4smile.com/quotes/r-c-sproul/we-are-puzzled-and-bewildered-whenever-we-see-suffering-in-this-world/) [R. C. Sproul](https://sms4smile.com/quotes/author/r-c-sproul/) > [“Helpers in every corner, helpers in every hood. That's how we'll make the move, to reform from rude.”](https://sms4smile.com/quotes/abhijit-naskar/helpers-in-every-corner-helpers-in-every-hood-that-s-how-we-ll-make/) [Abhijit Naskar](https://sms4smile.com/quotes/author/abhijit-naskar/) > [There are a number of qualities which are important for mental peace, but from the little experience I have, I believe that one of…](https://sms4smile.com/quotes/dalai-lama/there-are-a-number-of-qualities-which-are-important-for-mental-peace/) [Dalai Lama](https://sms4smile.com/quotes/author/dalai-lama/) > [May the gods have mercy on whoever pisses them off, because Zarek and Jericho will have none for them. (Madoc) You’d better be glad…](https://sms4smile.com/quotes/sherrilyn-kenyon/may-the-gods-have-mercy-on-whoever-pisses-them-off-because-zarek-and/) [Sherrilyn Kenyon](https://sms4smile.com/quotes/author/sherrilyn-kenyon/) > [When you need empathy, you cannot give empathy.](https://sms4smile.com/quotes/marshall-b-rosenberg/when-you-need-empathy-you-cannot-give-empathy/) [Marshall B. Rosenberg](https://sms4smile.com/quotes/author/marshall-b-rosenberg/) > [But victimhood was seductive, a release from responsibility and caring. Fear would be transmuted into weary resignation; failure would no longer generate guilt but,…](https://sms4smile.com/quotes/dean-koontz/but-victimhood-was-seductive-a-release-from-responsibility-and-caring/) [Dean Koontz](https://sms4smile.com/quotes/author/dean-koontz/) > [“No one has any right to tell you that the way you perceive yourself is wrong. Because by doing so, they also discourage the…](https://sms4smile.com/quotes/kamand-kojouri/no-one-has-any-right-to-tell-you-that-the-way-you-perceive-yourself/) [Kamand Kojouri](https://sms4smile.com/quotes/author/kamand-kojouri/) > [“la ilaha ilallah muhammadun rasulullah, alaihi salatullah wa alihi wal ahibba "shine your mercy like the sun, and be gracious as the earth let…](https://sms4smile.com/quotes/talib-al-habib/la-ilaha-ilallah-muhammadun-rasulullah-alaihi-salatullah-wa-alihi-wal/) Talib al Habib > [The love for all living creatures is the most noble attribute of man.](https://sms4smile.com/quotes/charles-darwin/the-love-for-all-living-creatures-is-the-most-noble-attribute-of-man/) [Charles Darwin](https://sms4smile.com/quotes/author/charles-darwin/) [Browse all 9,892 Compassion quotes ](https://sms4smile.com/quotes/about/compassion/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "A finance minister should have a basic understanding of the country, know where the shoe pinches and, hence, have some compassion in policy formulation. 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