The discussion about the budget is in full swing. Now it's just a matter of a few days, then India's new budget is going to be revealed. The budget session of Parliament is starting this week. During this session, Finance Minister Nirmala Sitharaman is going to present a new budget on February 1 this week.
Interim budget will come due to elections
This budget is the sixth consecutive budget of Finance Minister Nirmala Sitharaman. And in this way she will be equal to Morarji Desai. Since Lok Sabha elections are going to be held this year, this will not be a full budget but an interim budget. Any time after the budget session of Parliament in January-February Lok Sabha elections may be announced. The tenure of the current Lok Sabha is completing in May.
The budget comes on the first of February
For a long time, the budget has been presented in the month of February. However, the date of presenting the budget has changed during the Modi government. Earlier the budget used to come on the last date of February i.e. 28th or 29th February. Now the budget is presented on the first day of February i.e. 1st February. Every year the discussion on the budget starts from January itself. People have expectations from the budget. Along with this, unique facts related to the budget also come out.
This is the literal meaning of the budget
Many times in the discussion of the budget, this question might have come to your mind that After all, what does it mean and where did this word come from… Budget is an English word and like many other popular English words, it has also come from another language. Budget is derived from the French word bougette. Bougette is derived from Bouge, which means leather briefcase.
Nirmala Sitharaman bids farewell to the briefcase
The form of India's budget may have changed now, but the situation is- Till now the Indian budget was associated with the leather briefcase. When Nirmala Sitharaman presented her first budget in 2019 after becoming the Finance Minister, the briefcase bid farewell. In 2019, he presented the budget in a red ledger instead of the traditional red briefcase.
Only this one thing has not changed in 160 years
The history of the Indian budget is more than 150 years old. Is. After the Revolution of 1857, when the British Government took over the administration of India from the East India Company, the first budget of India came in 1860. The first budget in independent India came on 26 November 1947. In this decades-long journey, there have been many changes in the budget. Now the budget has also become paperless and digital. However, one thing that has not changed over the years is the meaning of budget. Budget means the account of the government's earnings and expenditure.
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