• ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE
No Result
View All Result
KeralaNews 24x7
Wednesday, July 2, 2025
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
No Result
View All Result
News 24x7
No Result
View All Result

Budget 2024: Five interesting facts you may not know about India’s fiscal plan

Nishita Masih by Nishita Masih
2 years ago
Reading Time: 2 mins read
0
0
0
SHARES
2
VIEWS
FBXLinkedinWhatsAppTelegram

The Union Budget is one of the most important events in the Indian economy. It is the annual statement of the government’s revenue and expenditure for the next financial year. The Budget also reflects the government’s vision, priorities, and policies for various sectors and segments of the society.

But do you know some of the lesser-known facts about the Budget presentation in the country? Here are five interesting facts that you may not know about India’s fiscal plan.

Budget
Budget

The first Budget of independent India was presented in 1947

The first Budget of independent India was presented by R.K. Shanmukham Chetty, the then Finance Minister, on November 26, 1947. The Budget speech lasted for one hour and 35 minutes and focused on the challenges faced by the newly independent nation. The Budget also proposed a tax on income from property and a surcharge on income tax to finance the rehabilitation of refugees.

The longest and shortest Budget speeches were delivered by Nirmala Sitharaman

Nirmala Sitharaman, the current Finance Minister, holds the record for delivering the longest and shortest Budget speeches in the history of India. She delivered the longest Budget speech on February 1, 2020, when she presented the Union Budget for 2020-21. She spoke for two hours and 42 minutes, breaking her own record of two hours and 17 minutes set in July 2019, when she delivered her maiden Budget.

On the other hand, she delivered the shortest Budget speech on February 1, 2023, when she presented the interim Budget for 2024-25. She spoke for only 15 minutes, as the full Budget for the next fiscal year will be presented after the formation of the new government post the Lok Sabha elections.

The prime minister has presented the Budget on three occasions

The finance minister is generally entrusted with presenting the Union Budget every year. However, there have been instances when the Budget was presented by the prime minister of the nation. Pandit Jawaharlal Lal Nehru was the first prime minister to present a Union Budget. In 1958, then-Finance Minister TT Krishnamachari resigned due to his alleged involvement in the Haridas Mundhra controversy. Hence, Pandit Nehru was forced to present the Union Budget.

Again in 1970, then-Prime Minister Indira Gandhi presented the Budget after Finance Minister Morarji Desai resigned in protest of the nationalisation of 14 Indian private banks without consulting him. Similarly, in 1987-88, the then-Prime Minister Rajiv Gandhi presented the Budget when Finance Minister VP Singh resigned.

The Budget was printed in Rashtrapati Bhavan till 1950

The Budget documents are currently printed in the basement of North Block, the headquarters of the Ministry of Finance. The printing process is carried out in utmost secrecy and security, with the staff involved being locked in the premises for about two weeks. However, this was not always the case. Till 1950, the Budget documents were printed at Rashtrapati Bhavan. The practice was changed after a leak in 1950, when a journalist published the highlights of the Budget before it was presented in the Parliament.

The Budget went paperless in 2021

Nirmala Sitharaman set another record in Covid pandemic-hit 2021 by presenting the first paperless Budget. She presented the Union Budget 2021-22 in digital format. The finance minister read her Budget speech in Parliament via a digital tablet. Upon completion of the speech, the Budget documents were made available through mobile apps. In 2023, Sitharaman further continued with the tradition of paperless Budgets. While in 2021 the paperless Budget was presented to minimise physical contact in the time of Covid-19, it has now become the practice.

ShareTweetShareSendShare
Nishita Masih

Nishita Masih

Nishita Maish is a senior content manager, blending creativity with strategic insight to craft compelling narratives that captivate audiences. With a passion for storytelling and a knack for digital engagement, she has elevated brands and content strategies to deliver lasting impact in the ever-evolving digital world.

Related Posts

hdfc mutual fund innovation fund 2025 nfo

HDFC Bets Big on Disruptive Growth with Launch of Innovation Fund

11 hours ago
Lee Seo Yi South Korean actress 2025 Instagram tribute

South Korean Actress Lee Seo Yi Dies at 43, Leaves Behind a Legacy of Grace and Talent

11 hours ago
us dollar index chart 2025

Dollar’s Steepest Slide in Over 50 Years Rings Global Alarm Bells

11 hours ago
Lee Jung Jae Squid Game 3 Netflix global premiere

Squid Game 3 Shatters Global Streaming Records, Becomes Netflix’s Fastest-Rising K-Drama Ever

1 day ago
Michael Saylor bitcoin keynote BTC Prague 2024

Strategy’s $531.9 Million Bitcoin Grab Lifts Holdings to 597,325 BTC as Capital Engine Roars

1 day ago
Lhuan-dre Pretorius batting 2025 Zimbabwe Test

Teen Prodigies Shine Bright as Lhuan-dre Pretorius and Smriti Mandhana Etch Their Names in Cricket History

2 days ago
indian stock exchange trading floor

Nifty, Sensex Set for Subdued Start as Investors Await Global Cues

2 days ago
karlach baldur's gate 3 character close-up

Baldur’s Gate 3 Turns One—But Karlach’s Mind Flayer Ending Still Haunts Fans

4 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

ADVERTISEMENTS

(adsbygoogle = window.adsbygoogle || []).push({});

POPULAR ARTICLES

Mental Health

How Stress and Mental Health Affect Your Heart and Brain

2 years ago
Polyethylene Waste

Researchers Develop New Method to Tackle Polyethylene Waste

2 years ago
genetic disorders

IVF and PGT: How to prevent genetic disorders in India

2 years ago
monkey breeding

India’s need for monkey breeding and research facilities amid public health threats

2 years ago
eSports

Just How Big Will eSports Be?

8 years ago
Iontophoresis Device

Iontophoresis Device, the Best Treatment for Excessive Sweating

8 years ago
NOW Entertainment soon to Start Selling American Hustle82 Apparel

NOW Entertainment soon to Start Selling American Hustle82 Apparel

8 years ago
E-cigs Products in Classrooms

Is It Right to Ban the Juul and Other E-cigs Products in Classrooms?

8 years ago
Ryan Van Wagenen

Ryan Van Wagenen Expects Continued Growth for the Silicon Slopes

7 years ago
Working Remotely: Benefits for Employers and Employees

Working Remotely: Benefits for Employers and Employees

7 years ago
Facebook Twitter Youtube

ABOUT US

The KeralaNews 24×7 website is for desi entertainment lovers across India, USA and UK. We often cover breaking News & Trending topics in India and have been referenced by numerous media outlets. Follow us on our Social media profiles for the latest updates and news.

Contents produced in this website are subjected to DigitalCopyRight Law.

© 2023 KeralaNews 24×7 – Website Designed by VISION

WEBSITE STATS

  • Google News Approved
  • 1,00,000 Traffic/Month
  • Domain Authority – 25
  • 70% Traffic from Google

ADVERTISE WITH US

If you are looking to advertise your business or website, feel free to contact us at ceo.keralanews247@gmail.com

We accept following form of advertisements,

  • Banner Ads
  • Contextual Links
  • Guest Posts
  • Sponsored Posts

SEARCH

No Result
View All Result

MORE INFO

  • ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL

© 2023 KeralaNews 24x7 - Website Designed by VISION

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.