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5 interesting things related to the budget, which you did not know about

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Budget 2022: Finance Minister Nirmala Sitharaman will present the budget on 1 February 2022. This year the budget session will start from January 29 and will end on April 8, 2022. All eyes are on the upcoming budget session that this year’s budget will be going to save the common people from the third wave of the epidemic and give a boost to the economy. However, here we are telling you many important things related to the budget.

First budget presented on this date

Budget- Presenting the country’s income and expenditure account for the year by the government was started in Britain. The budget was presented for the first time in India on 7 April 1860 during the British period. It was introduced in India by finance member James Wilson. After independence, the method of presenting the budget of Britain itself was carried forward.

This finance minister did not present a single budget

KC Niyogi, who was the Finance Minister in 1948 for 35 days, was the only Finance Minister who did not present a single budget. After him John Mathai became the third Finance Minister of India.

When is the budget presented

Now the budget is presented at 11 in the afternoon. Earlier, in the British era, the budget was presented at 5 pm. This was done so that the officers working on the budget overnight could get some rest.

He presented the budget most times

Morarji Desai has presented the budget of India most of the times. Morarji Desai has presented the country’s budget ten times as the Finance Minister. It consists of eight budgets and two interim budgets.

interesting things

First, when the Finance Minister of Britain used to give information about the government’s expenditure and income in Parliament and it was brought in a red leather bag, but the BJP government ended the tradition of red bag.

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Usama Younus

Usama Younus is the owner and super admin of the site he's is an expert in news editing, tech and entertainment magazine management, and articles editing E.T.C.

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