Nehru presented the budget
Jawaharlal Nehru was the first Prime Minister to present the Union Budget. Also held additional charge of Finance Ministry in 1958-59. Then TT Krishnachari had to resign. Krishnachari’s name came up in the Mundra scam.
Morarji Desai presented a record budget
From 1977 to 1979, Morarji Desai served as Prime Minister in the Janata government. He holds the record of presenting 10 budgets (8 annual and 2 interim). Desai presented the budget every year from 1959-60 to 1963-64 when he was finance minister under Nehru and Indira Gandhi. He also presented the interim budget for 1962-63. Desai then presented the budget for three years from 1967-68 to 1969-70. He also presented the interim budget for 1967-68.
When Indira Gandhi presented the budget
In 1969, Desai resigned from Indira’s cabinet. After this the then Prime Minister took additional charge of the Finance Ministry. Thus Indira Gandhi became the first woman finance minister. She was also the first woman to present the budget. In 1970 he presented the budget. He held the Finance Ministry portfolio with him for a year. He then handed over its charge to Home Minister Yashwantrao Chavan.
The story of the country’s first budget… So the finance minister said, how was the state of India?
Rajiv’s name is also among the Prime Ministers who presented the budget.
Rajiv Gandhi’s name is also in the list of Prime Ministers who presented the budget. In 1987, between January and July, he had the additional charge of the Finance portfolio. However, it also entrusted him with the responsibility of budget presentation. With this, Rajiv became the third member of the Nehru-Gandhi family. Rajiv took charge of Finance Minister after VP Singh was removed from his post.
Manmohan Singh presented a historic budget
Former Prime Minister Dr. Narasimha Rao was the Finance Minister from 1991 to 1996. The 1991 budget will always be remembered. In this, Manmohan had taken important steps like reduction of import licensing along with radical change in import and export policy. Service tax was introduced in 1994 by Manmohan Singh. It soon became a major source of revenue for the government.
