Lesser Known Facts About India's Union Budget History
By Lokmat English Desk | Published: January 23, 2023 04:18 PM2023-01-23T16:18:45+5:302023-01-23T16:31:53+5:30
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R K Shanmukham Chetty presented Independent India's first Union Budget on November 26, 1947
India's first-ever Budget was announced on April 7, 1860 in pre-Independent India by James Wilson
Morarji Desai has presented the highest number of budgets for India
Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi are the only prime ministers to have presented a Budget
Former finance minister Yashwant Sinha changed the time of presenting the budget to 11 am. Until 1999, the Union Budget was announced at 5 pm on the last working day of February
The date of the Union Budget presentation was changed in 2017 by then finance minister Arun Jaitley from 'last working day of February' to 'February 1'
The longest Budget Speech in terms of duration was delivered in 2020 by Finance Minister Nirmala Sitharaman. She spoke for 2.42 hours.
The Railway Budget was merged with the Union Budget In 2017.
