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8 Facts about Union Budget in India

Published on Saturday, February 28, 2015
Facts about Union Budget

1) First budget in India was presented on 7th April 1860 by James Wilson East India Company

2) First Budget of independent India was presented on 26th November 1947 by R. K Shanmukham chetty

3) First budget of republic India was presented on 28th Feb 1950 by John Mathai

4) Morarji desai has presented the budget maximum number of times (10 ) and he is the only person who has presented the budget on his birthday in 1964 and 1968

5) Indira Gandhi is the only female who has presented the Indian budget

6) In 1924 Railway budget got separated from union budget by Accworth Committee

7) It is presented on the last working day of Feb

8) Budget comes under Article 112 for central government and Article 202 for state government

Read Union Budget Highlights here

This post was submitted by Ankesh

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