PREVIOUS
✖
Union Budget 2018
February 3 , 2018
2359 days
940
0
- Union Finance Minister Arun Jaitley presented the Budget for the fourth time in parliament.
- This is the NDA government’s last full budget.
- It is also the first annual Budget since the rollout of the Goods and Services Tax.
Union Budget
- Union Budget of India is referred to as the Annual Financial Statement in the Article 112 of the Constitution of India.
- Till 2016, it was presented on the last working day of February. In 2017, it was presented on February 1, so that it could be materialized before the commencement of new financial year in April.
- First Union budget of independent India was presented by K. Shanmugam Chetty on November 26, 1947.
- Till Date, Morarji Desai has presented Union Budget for highest number of times (10 times).
- Till now, Indira Gandhi is the only and first women who presented Union budget (during 1970-71).
- During British era, the Railway Budget was part of the General Budget initially.
- On the basis of recommendation of Acworth Committee, the Rail Budget was separated in 1924.
- Then in 2017, On the basis of recommendation of Bibek Debroy Committee Railway Budget was merged with General Budget .
Leave a Reply
Your Comment is awaiting moderation.