Revealing the Hidden Treasures and Breakthroughs of India's Budgetary Journey
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Frist union budget
The Frist union budget of independent India was presented by R.k. Shanmukham Chetty on 26 November 1947.
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First Indian Budget
The first Indian Budget was presented by James Wilson on
February 18, 1863.
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Maximum Budgets
Maximum Budgets by a Minister:- MorarajiDesai- presented 10
Budgets as finance Minister during 1962-69.
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First Woman to Present the Budget
The first woman to present the budget:- Indira Gandhi in 1970. She took over the finance Portfolio after the resignation of Moraraji Desai.
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Liberalization in India.
The budget of 1991 by Manmohan Singh marked the beginning of OF economic liberalization in India.
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Budget Time
A budget used to be presented at 5 pm on the last working day of February until 2000. In 2001 the time was changed to 11 am.
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Budget Date
Finance Budget and Rail Budget were merged in 2017 and the date of presentation of the Budget was changed to Feb. 1
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Paperless Budget
Nirmala Sitharaman presented the first "Paperless Budget" on 1 February 2021.
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Longest Budget Speech
The longest Budget Speech record has been held by Nirmala Sitaraman - 2 hours and 42 minutes long in 2020
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Conclusion
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CURATOR'S NOTE
The Indian Budget outlines govt's expenditures & revenues. Focused on boosting economic growth, job creation & improving the standard of living.
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