Finance Minister Nirmala Sitharaman will present the budget for the financial year 2020-21 on 1 February 2020. Economic sluggishness, high unemployment rate, lack of investment and increasing burden on the fiscal treasury are among the major challenges before the Finance Minister. It is expected that many changes can be seen in this budget. Many concessions can also be given to the public to overcome the lethargy. So let's know some special things related to the budget
- On February 28, 2006, the Finance Minister P. Chidambaram first talked about GST in the budget. For the first time, during the tenure of UPA-2, a national single tax was said by Chidambaram.
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- The term infrastructure was not used in the general budget presented for 30 years after the independence of the country. The word became a topic of discussion only in 1990.
- Talking about the general budget, women's issues also got a very late place in it. Till 1980, women's issues were not mentioned in the general budget.
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- The general budget presented for the financial year 1973-74 is called the Black Budget. This year the budget was Rs 550 crore, which was very much in terms of that time.
- The country's first Prime Minister Jawaharlal Nehru presented the budget for the first time as PM in 1958-59. After this, Indira Gandhi and Rajiv Gandhi were the PMs who got the opportunity to present the general budget.
- Nehru made a gift tax provision in the budget of 1958-59 for the financial year. He believed that this would curb the methods of avoiding tax. In this, there was a provision of tax on the gift giver.
Finance Minister RK Shanmugam Shetty presented the first budget of independent India on this day
- The term digital was used for the first time in the budget in 1982-83. After this, this term was used 7 times in the 2016-17 General Budget.
- Morarji Desai has been the only finance minister who presented the budget on the occasion of his birthday. Desai presented the budget on birthdays in 1964 and 1968. Both these budgets were presented on 29 February and this was also the date of his birthday.
- While presenting the budget in 2012, Finance Minister Pranab Mukherjee had mentioned Shakespeare, "I have to be cruel to be kind".
