Budget Facts

Image
02

Budget Facts

Some interesting budget trivia for you.

01
Budget Facts
02

Budget Facts

Morarji Desai holds the record for having presented the maximum number of budgets so far- ten. He is also the only finance minister to have presented Budgets on his birthday (February 29) on two occasions; in 1964 and 1968.

01
Budget Facts
02

Budget Facts

The first budget of Independent India was presented by R.K. Shanmukham Chetty on November 26, 1947.

01
Budget Facts
02

Budget Facts

The shortest ever interim budget speech was of just 800 words, spoken by HM Patel. He said: “The annual financial statement prepared by the outgone Congress Ministry will serve the limited purpose of fulfilling a constitutional requirement for taking a vote-on-account before March 31, 1977.”

01
Budget Facts
02

Budget Facts

Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi are the only Prime Ministers to have presented a Budget while they were holding office.

01
Budget Facts
02

Budget Facts

Till 1999, the Union Budget was announced at 5 pm on the last working day of the month of February. This practice was inherited from the Colonial Era, when the British Parliament would pass the budget in the noon followed by India in the evening of that day.

01
Budget Facts
02

Budget Facts

In a departure from the usual practice, Yashwant Sinha, the finance minister in the NDA government, announced the Union Budget for 1999-2000 at 11:00 am. Since then, that has been the norm.

01
Budget Facts
02

Budget Facts

Manmohan Singh was the Finance Minister who introduced the concept of service tax.

01
Budget Facts
02

Budget Facts

In 1997, when survival of the IK Gujral-led ministry was at stake, a special session of Parliament was convened only to pass Chidambaram’s 1997-98 budget. It was passed without a debate.

01
Budget Facts
02

Budget Facts

Pranab Mukherjee was the first Rajya Sabha member to hold the finance portfolio.

01
Budget Facts
Share facebook twitter gplus

Related Slideshows