What was the best budget of India?
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What was the best budget of India?
2021 Union budget of India
| Emblem of India | |
|---|---|
| Submitted | 1 February 2021 |
| Party | Bharatiya Janata Party |
| Finance minister | Nirmala Sitharaman |
| Total revenue | ₹19.76 trillion (US$260 billion) (23.4\%) |
Which is the first budget in India?
First Indian Budget: The first (Provisional) Budget of independent India was presented on November 26, 1947 by the country’s Finance Minister RK Shanmukham Chetti. The revised budget was presented in March 1948. Total revenues stood at ₹171 crore at that time.
Who is called the father of Indian budget?
The first union budget of independent India was presented by R. K. Shanmukham Chetty on 26 November 1947. Total revenues stood at ₹171.15 crore, and the fiscal deficit was ₹24.59 crore.
Which country has highest budget?
List
| Rank | Country | Expenditures |
|---|---|---|
| 1 | United States | 9,818,534 |
| 2 | China | 5,388,814 |
| 3 | Germany | 2,038,247 |
| 4 | Japan | 2,362,676 |
Which budget is known as Black Budget of India?
The Black Budget The 1973-74 budget was presented during severe economic stress, coming in the wake of a failed monsoon and the 1971 Bangladesh war. It was termed the Black Budget for the deficit of Rs 550 crore it showed and the plan to nationalise general insurance companies and coal mines.
Who introduced budget?
India. The Union Budget of India, referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the very first day of February by the Finance Minister of India in Parliament.
Who created budget?
Congress’s first task in the annual process is to pass a budget resolution creating a framework and setting overall spending limits. As with most things Congress does, its two chambers—the Senate and the House of Representatives—each draft their own budget resolution.
Who introduced statistics in India?
Prasanta Chandra Mahalanobis
New Delhi: Today is the 125th birth anniversary of India’s legendary statistician and mathematician Prasanta Chandra Mahalanobis, who is also popularly known as the father of Indian statistics.
Who is the father of zero-based budget?
Peter Pyhrr
Peter Pyhrr was a manager at Texas Instruments in Dallas, Texas, who developed the idea of zero-based budgeting (ZBB).