Union Budget 2023-24: The countdown for the Union Budget 2023 has begun. The Modi government (Narendra Modi Government) will present the last complete budget of its current tenure on 1 February 2023. Under the leadership of Finance Minister Nirmala Sitharaman, the Finance Ministry is busy giving final touches to the budget. But do you know that before the year 1999, the budget was presented at 5 in the evening and the then Finance Minister Yashwant Sinha overturned this tradition.
Why was the budget presented at 5 pm?
The tradition of presenting the budget at 5 pm was going on in India before independence. The budget was presented in the evening because when it was evening in India, it was day time in Britain. Seeing the convenience of the British rule, this tradition was made. But even after the independence of the country, this tradition continued and no one paid any attention to it.
In the year 1999, when the then Finance Minister Yashwant Sinha started preparing the budget, his attention went to time. Yashwant Sinha, who presented the budget in the year 1991, did not like the idea of presenting the budget at 5 pm from the beginning. He initiated talks with senior officials of the Finance Ministry, including Finance Secretary Vijay Kelkar D Swaroop, who had seen all budgets being prepared.
After the budget, it used to be night in the interview.
Yashwant Sinha’s talk of presenting the budget at 5 pm was also annoying because immediately after the budget, there were many TV-radio interviews one after the other, which went past midnight and it was a very tiring job for the Finance Minister. . After talking to the officers, Yashwant Sinha decided that the budget should be presented in the morning instead of in the evening and he first took the then Prime Minister Atal Bihari Vajpayee into confidence.
Vajpayee’s approval and the decision came into force
When Prime Minister Vajpayee (Atal Bihari Vajpayee) got ready to present the budget during the day, he wrote a letter to the Speaker of the Lok Sabha and the Chairman of the Rajya Sabha for approval and on 27 February 1999, Yashwant Sinha presented the budget for the year 1999-2000 for the first time. introduced into.
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