Union Budget 2022: Union Finance Minister Nirmala Sitharaman will present her 4th Budget for India on February 1. The Budget 2022 will be announced amidst the third wave of coronavirus of the ongoing Covid-19 pandemic. Also, there has been a consistent acceleration in inflation and unemployment. The upcoming Budget is drafted in a way that will facilitate the citizens to overcome the ill effects and repercussions of the pandemic.
As Budget 2022 is going to be announced soon, let's see some interesting facts related to the Budget in Indian History.
First British(Colonial) Budget: Scottish economist and politician James Wilson in 1860 presented the first-ever Indian Budget.
First Indian Budget: Finance Minister RK Shanmukham Chetti presented the first budget in India on November 26, 1947.
First Prime Minister to present Budget: India’s first prime minister Jawaharlal Nehru was the first PM to present a Budget in 1958-59.
Hindi Language Used in Budget: From 1955-56, the government started to publish the Budget in Hindi Langauge. Before 1955, it used to be drafted in English.
Maximum budgets presented by a minister: Former prime minister Moraraji Desai holds the record of presenting the most number of budgets in the history of India.
First woman to present the budget: Former prime minister Indira Gandhi was the first woman to present the budget of independent India.
Longest Speech in Budget: Pranab Mukherjee, as finance minister, delivered a 95-minute-long speech while presenting Budget 1982.
Merging of budgets: Until 2017, two different budgets used to be drafted — the Indian Budget and a separate Railway Budget. The BJP government merged these two in 2017. They also changed the date of the budget presentation to February 1 from March 1.
Bahi Khata instead of briefcase: finance minister Sitharaman had made a significant shift in 2019 by starting the custom of carrying budget documents in a “Bahi Khata” (traditional red cloth) instead of a briefcase.
Printing of Budget: The government was then forced to move budget printing to a press at Minto Road in New Delhi after it leaked at the Rashtrapati Bhavan.
Paperless Budget: In the Budget of 2021, first time in the history of India, the Budget was presented in a paperless way. All MPs and government officials used soft copies through the official website