Budget trivia

The budget is always submitted on the last day of February so that lock sabha has one month to review and adapt the budget proposals.

If by April one,(country’s fiscal year begin from aprail one) the parliamentary discussions gets completed then only the budget comes into effect.s

The one of the secrets about budget (finance minister speech and taxation proposal) is the time at which it gets printed. The budget is printed either on the midnight of 25^th fab or early 26^th feb morning. The printing press is located in the depths of the north block. It is fully air conditioned. When the data is in computer to which only finance secretary has access, is transferred to CDs first and then send for printing. Officers from Intelligence bureau (IB), CBDT and central board of excise and customs official stand in front of the computer and sign the list of each confidential document that is transferred to CDs.

India’s first budget was presented by Mr. R.K.Shanmukhan chetty, who served as the finance minister during Jawaharlal Nehru period from 1947 to 1949, which was tabled on November 26 1947.