When Nirmala Sitharaman rises in Parliament today to present the federation budget in the period 2025-26, you will not only determine the financial road map of the government – you will make history. This represents its eighth consecutive offer in the budget, bypassing all wires in the history of India for successive budgets. The moment also stands as evidence of her term as the first full -time finance minister, which is the role of his game in 2019 after Prime Minister Narendra Modi obtained his second term.
With this first-budget under the Modi 3.0-Sitharaman is close to the registry at all for ten trade union budgets kept by former Prime Minister Murrigi Desai. Desai’s record was appointed over two separate hundred, when six budgets were offered between 1959 and 1964 during his period as a financial minister, and four others from 1967 to 1969. February 2024 budget.
It now stands alongside a financial bond of financial ministers who formed the financial scene of India over the decades. P. Chidambar has delivered nine budgets during its multiple conditions, while Pranab Mukherje presented eight. During his transformative period, Manmohan Singh presented as a financial minister in the early 1990s, five budgets that played a pivotal role in liberalizing the Indian economy.
Besides defining records for the number of successive budgets, Sitharaman also carries another unique discrimination – the longest budget speech in the history of India. In 2020, she spoke for two hours and forty minutes, prompting her health concerns to cut speech, leaving two uncomfortable pages. This contrasts sharply with the shortest speech in the budget delivered in 1977 by Hirubhai Mulljibhai Patel, who concluded the temporary budget in only 800 words.
The development of the union’s budget itself reflects the generous dynamics of Indian governance. Until 1999, the budgets were traditionally presented at 5 pm – a colonial waste designed to coincide with working hours in London.
This practice was suspended by the then Minister of Finance, Yashwant Sinha, who turned the budget offer to 11 in the morning during the government of Atal Bihari Fagbayy. Another important reform came in 2017 when the budget display date was developed from the last day from February 1 to February 1. This change ensures that the parliamentary approval process can be completed by the end of March, allowing a smooth implementation from April 1, the beginning of the new fiscal year.
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