1947: Independent India’s First Budget
Finance Minister: R.K. Shanmukham Chetty.
India’s first finance minister Presented: November 26, 1947
The Budget Decision: Well, the decision to present a budget itself, since it covered just 7-1/2 months, from August 15, 1947, to March 31, 1948
1951: The first Budget of the Republic of India
India is a democratic country. The members of our parliament resemble the diverse nature of India. They come from every cast, community and religion safeguarding the freedom and protecting the laws framed in our constitution. The parliament of our nation truly represents ‘We, The people of India.’
The important terms which are used in parliament are as discussed below:
The Union Finance Minister Arun Jaitley presented his first full-fledged Budget of Prime Minister Narendra Modi’s government on February 28, 2015. The Union Budget suggested that States must be equal partners in economic growth, a move is must for making India cashless society and social sector programmes must be continued. Some of the challenges are to be met i.e. poor agricultural income, decline in manufacturing and the need for fiscal discipline. By doing this there will be a boost in investment and ordinary people get benefit.