10 Interesting facts about Union Budget every Indian must know

Union Budget 2019 was presented today in Lok Sabha by acting Finance Minister Piyush Goyal. While the budget, this year seems directed to the benefit of the middle class.  ObserveNow brings to you important budget-related facts all of you should know to enhance that GK quotient. 

 

Note- It is an interesting read we promise

 

·   The first Union Budget of an independent India was presented by the first Finance Minister of India RK Shanukham Chetty. 

 

·   Morarji Desai holds the record of presenting the budget 10 times.

 

·   Indira Gandhi was the only woman to hold the finance ministry until today and the only one to present a budget. 

 

·    Before 2016 Railways Budget was presented before the union budget but this 92-year trend was broken and since then both budgets are presented at the same time. 

 

·    Morarji Desai presented the budget in the year 1964 and 1968 on his birthday and was the only FM to do so. 

 

·    A customary halwa ceremony is performed by the Ministry of Finance every year 10-12 days prior budget announcement. 

 

·    The 1997-98 budget presented by P Chidambaram was termed as a dream budget because of the lowest tax rates. 

 

·    Yashwant Sinha changed the timing of the budget presentation from 5 PM in the evening to 11 AM in the morning. 

 

·    Arun Jaitely changed the budget presentation from last day of Feb to 1stFeb in 2017. 

 

·    P Chidambaram has presented the budget 9 times followed by former president Pranab Mukherjee 8 times. 

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