{"id":6887,"date":"2018-02-01T09:39:02","date_gmt":"2018-02-01T04:09:02","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=6887"},"modified":"2021-07-06T06:09:46","modified_gmt":"2021-07-06T00:39:46","slug":"budget-trivia","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/budget-trivia\/","title":{"rendered":"25 Interesting Budget Trivia from the Past"},"content":{"rendered":"
Union Budget 2018<\/strong> is scheduled to be presented on February 1, 2018. In the run up to the budget we present you some interesting trivia from the past.<\/p>\n The word Budget<\/strong> was derived from the English Word \u201cbowgette\u201d, which in turn is derived from French word \u201cbougette\u201d, which in turn is a diminutive of bouge, meaning a \u201cleather bag\u201d<\/strong>. The reason why media focuses so much on the bag that finance minister carries on the day of Budget \ud83d\ude42<\/em><\/p>\n 1.<\/span><\/strong> The first budget for India was presented on April 7, 1860 by East India Company to British crown.<\/p>\n 2.<\/span><\/strong> In 1924, the Railway finances were separated from the general government budget.<\/p>\n 3.<\/span><\/strong> The first budget of independent India was presented by India\u2019s first Finance Minister R.K. Shanmukham Chetty on November 26, 1947.<\/p>\n 4<\/span>.<\/strong> The budget date is decided by the President of India which is usually the last working day of February<\/strong>.<\/p>\n 5<\/span>.<\/strong> In earlier days the budget was presented at 5 PM in the evening. This was done to give some relaxation to officers involved all night in budget preparation. As we have followed many British practices, this too continued till Year 2000.<\/p>\n 6<\/span>.<\/strong> Yashwant Sinha began the new timing of budget speech by presenting the budget from 2001 at 11:00 am and it\u2019s followed till date.<\/p>\nBudget History:<\/h2>\n
When is Budget Presented?<\/h2>\n