Budget Flashcards
When was the first independent budget presented in India?
Answer: November 26, 1947.
Who introduced the first budget in India and when?
Answer: James Wilson on April 7, 1860.
In which year did the government begin publishing the Union Budget in Hindi?
Answer: 1955-56.
What time was the budget traditionally presented until x?
1999, Answer: 5 pm on the last working day of February.
Who changed the budget presentation time to 11 am in 1999?
Answer: Yashwant Sinha.
Who delivered the longest budget speech and what was its word count?
Answer: Manmohan Singh; 18,650 words in 1991.
Who delivered the shortest budget speech and what was its word count?
Answer: Hirubhai Mulljibhai Patel; 800 words in 1977.
Who delivered the longest budget speech by a female minister and what was its duration?
Answer: Nirmala Sitharaman; 2 hours and 42 minutes for the 2020-21 budget on February 1, 2020.
Until which year were the railway budget and the Union budget presented separately?
Answer: 2017.
What was significant about RK Shanmukham Chetty’s interim budget speech?
Answer: It was the largest interim budget speech, almost 10,000 words in November 1947.
Who delivered the shortest interim budget speech and what was its word count?
Answer: H.M. Patel; 798 words in March 1977.
What does Article 112 of the Constitution of India define?
Article 112 defines the annual budget of the Republic of India.
What was the duration of Nirmala Sitharaman’s speech during the interim budget presentation?
The speech lasted for 58 minutes, making it the shortest by her record.
By how much will the defence outlay be increased in the budget?
The defence outlay will be increased by 11.1% to ₹11,11,111 crore.
What is the estimated fiscal deficit for 2024-25?
The fiscal deficit for 2024-25 is estimated at 5.1% of GDP.
