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Thursday, February 28, 2013

Union Budget -Facts


P Chidambaram presented the Union Budget for the eighth time in 2013, the second-highest by any Finance Minister

The maximum number of 10 budgets have been presented by Morarji Desai

Pranab Mukherjee, Yashwant Sinha, Y B Chavan and C D Deshmukh have presented 7 budgets each in the past.

Manmohan Singh and the country’s 4rth Finance Minister T T Krishnamachari have presented 6 budgets

R Venkatraman and H M Patel have presented 3 budgets each

Jaswant Singh, V P Singh, C Subramaniam, John Mathai and R K Shanmukham Chetty have presented 2 budgets each

Jawahar Lal Nehru, Indira Gandhi, Rajiv Gandhi, Charan Singh, N D Tiwari, Madhu Dandwate, S B Chavan and Sachindra Chaurdhuri have presented one budget each

Jawahar Lal Nehru, Indira Gandhi and Rajiv Gandhi had presented budget in their capacity as Prime Minister and Minister of Finance

Charan Singh (once) and Morarji Desai (on four occasions) presented budget as Deputy PM and Minister of Finance

So far, the country has seen 66 normal annual budgets; while there have been 12 interim budgets and four special- occasion budgetary proposals, also known as mini budgets.

The first such mini-budget was presented by T T Krishnamachari on November 30, 1956 in form of fresh taxation proposals through Finance Bills, demanded by the prevailing domestic and international economic situation

The second mid-year budget taxation proposals were also presented by Krishnamachari in August 1965

Third mini-budget was presented by Y B Chavan in December 1971 wherein he proposed additional measures for mobilisation of resources for defence requirements.

The last mini-budget proposals in Parliament was also made by Chavan in July 1974, wherein he made fresh taxation proposals to tackle inflation-related issues after only five months of the regular annual budget




 


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