Budget 2025: On February 1, 2025, the Modi government will present the first full budget of its third term. This budget will be presented by Finance Minister Nirmala Sitharaman. Do you know when and who presented the first budget of India? When and who presented the first budget of independent India? Let us know some historical and interesting facts related to the budget.
Budget 2025: On February 1, 2025, the Modi government will present the first full budget of its third term. The middle class, women and taxpayers have great expectations from this budget. This budget will be presented by Finance Minister Nirmala Sitharaman. Do you know when and who presented the first budget of India? When and who presented the first budget of independent India? Let us know some historical and interesting facts related to the budget.
First budget after independence
India’s first budget after independence was presented on 26 November 1947. It was presented by the country’s first Finance Minister R. K. Shanmukham Chetty. In this budget, a blueprint of the country’s economic plans and expenditures was prepared.
The first budget was presented in India in the year 1860
Talking about before independence, the first budget of India was presented in 1860. This budget was prepared by British officer James Wilson. At that time the budget was printed only in English and was made keeping in mind the needs of the British rule.
Record of presenting the budget the most number of times
Former Prime Minister Morarji Desai holds the record of presenting the budget the most number of times in India. He presented the Union Budget 10 times. After him, P. Chidambaram presented the budget 9 times and former President Pranab Mukherjee presented the budget 8 times.
Nirmala Sitharaman has presented the budget 7 times so far. The budget to be presented on 1 February 2025 will be her eighth budget. She presented the budget for the first time in 2019.
Longest budget speech
The record of giving the longest budget speech is also held by Finance Minister Nirmala Sitharaman. She gave a budget speech for 2 hours 42 minutes on 1 February 2020. However, due to ill health, she could not complete her speech and some pages remained unread.
Historical tradition of budget
The Union Budget presented every year determines the economic direction of the country. It not only shows the priorities of the government but also forms the basis of the country’s development plans. The general public and the industry keep a close eye on the announcements made in the budget, as these decisions have a profound impact on everyone’s life and business
Gold Price Today : Gold became expensive on Wednesday 8 January, check the rate of 10 grams gold.