FIRST SPENDING PLAN: The first-ever Union Budget of independent India existed on November 26, 1947, by the nationâs initial financing preacher, RK Shanmukham Chetty.
A LOT OF SPENDING PLANS PROVIDED: Former Prime Minister Morarji Desai holds the document for offering one of the most spending plans. He provided a total amount of 10 spending plans throughout his period as financing preacher, offering under Prime Ministers Jawaharlal Nehru andLal Bahadur Shastri Desaiâs initial budget plan existed on February 28, 1959, complied with by complete spending plans in 1960 and 1961. In 1962, he provided an acting budget plan, and afterwards followed it up with 2 complete spending plans. After 4 years, he provided an additional acting budget plan in 1967, and afterwards supplied 3 complete spending plans in 1967, 1968, and 1969, bringing his total amount to 10.
SECONDLY HIGHEST VARIETY OF BUDGETS: Former financing preacher P. Chidambaram provided the budget plan 9 times. His initial discussion got on March 19, 1996, throughout the United Front federal government led by Prime Minister HDDeve Gowda He provided an additional budget plan in 1997 under the exact same federal government and afterwards went back to the financing ministry when the Congress- led UPA concerned power in 2004. Between 2004 and 2008, he provided 5 spending plans. After a term as Union Home Minister, he went back to the financing profile and provided spending plans in 2013 and 2014.
THIRD HIGHEST VARIETY OF BUDGETS: Pranab Mukherjee provided 8 spending plans throughout his time as financing preacher. These consisted of spending plans in 1982, 1983, and 1984, in addition to 5 successive ones from February 2009 to March 2012 under the Congress- led UPA federal government.
MANMOHAN SINGH: Former Prime Minister Manmohan Singh, as financing preacher, provided 5 successive spending plans in between 1991 and 1995 in the PV Narasimha Rao federal government.
LENGTHIEST SPENDING PLAN SPEECH: Nirmala Sitharaman holds the document for the lengthiest budget plan speech. On February 1, 2020, she talked long-term 2 hours and 40 mins, though she needed to suffice brief with 2 web pages still continuing to be.
FASTEST SPENDING PLAN SPEECH: The quickest budget plan speech was supplied by Hirubhai Mulljibhai Patel throughout his acting budget plan discussion in 1977, including simply 800 words.
TIMING: Traditionally, the Union Budget existed on the last day of February at 5 pm. This timing was a heritage of the colonial period, developed to permit synchronised news in both London and India, as the nation is 4 hours and thirty minutes in advance ofBritish Summer Time In 1999, nonetheless, Finance Minister Yashwant Sinha, under the Atal Bihari Vajpayee federal government, transformed the timing to 11 am, and ever since, spending plans have actually existed back then.
DAY: In 2017, the Budget discussion day was transferred to February 1. This change enabled the Parliamentary authorization procedure to be finished by March- end and the execution of the Budget to start at the beginning of the brand-new on April 1. Presenting the Budget on February 29, as had actually been the practice, would certainly have postponed the execution up until May or June, because of the prolonged authorization timeline.
