Budget Over View in India

 Union Budget of  India is also referred to as The Annual financial statement in  the Article 112 of the constitution of  India.

“The Article 112 of the constitution  of India deal  with the procedure of finance matter government  present it on the first day of Feb so  that it  could  be materialized before  the beginning of the new financial year”

In the phase of  presented  mode  it known as Financial bill & Appropriation 

Flash back to History of  India  Union Budget 

• Moraji Desai- Nos 10 times

• P.Chidambaram- Nos 9  times

• Pranab Mukherjee Nos 8 times

• Yashwant Shina Nos 7 times

• Manmohan Singh Nos 6 time

First Union  budget was presented  by R.K Shanmukhan Chettey  26-11-1947 the major highlight was as under  below;

Total Revenue	171.15 Core
Total Expenditure	197.29 Core
Defense expenses	92.74 core
First fiscal deficit	24.59 core

• Hirubhai M Patel , presented the shorted budget speech for the interim budget of 1977, which was  mere 800 words long

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• 2016 railway budget presented for 92 years merged  with the union  budget

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• Officers and support  staff involved  remain  isolated and stay in the North block until the budget is presented

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• Union 2019 Bhai- khata Nirmala Sittharaman( Red cloth)  instead of briefcases (R.K.Shanmukhan Chettey)