10 interesting facts about the EU budget

Union Finance Minister Nirmala Sitharaman will present the interim budget for the financial year 2024-25 on February 1. The budget will be held ahead of the Lok Sabha elections in the coming months. As the interim budget is presented, Parliament will hold a short budget session from January 31 to February 9. With two days to go until the budget is announced, let’s take a look at some interesting and unknown facts. Federal Budget of India.

10 Interesting Facts About India’s Union Budget:

• India’s first budget was presented on April 7, 1860, about 160 years ago. At that time, James Wilson of the East India Company presented the first budget to the British Crown.
• On November 26, 1947, RK Shanmukham Chetty presented the first federal budget of independent India.
• Morarji Desai presented a total of 10 budgets, marking the most budgets presented by a single person.
• Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi were the only prime ministers to submit a budget.
• Former Prime Minister Manmohan Singh delivered the longest budget speech (in terms of word count) when he was the finance minister in 1991.
• As a ritual, the halwa ceremony is followed by a lockdown step to maintain the confidentiality of budget preparation.
• Before 2016, the Union Budget was presented on the last working day of February and was later revised by former Finance Minister Arun Jaitley in 2017.
• Later in 2017, the rail budget was merged with the federal budget for the first time.
• Current Finance Minister Nirmala Sitharaman is the one who has delivered the longest budget speech so far. She spoke for 2.42 hours while introducing the 2020 federal budget.
• On February 1, 2021, Finance Minister Nirmala Sitharaman presented the first paperless budget.