A Few Interesting Facts On The Union Budget

By Olga
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Arun Jaitley is expected to present the Union Budget 2018-19 on February 1. Here are a few interesting facts on the Union Budget.

    A Few Interesting Facts On The Union Budget
    • The Union Budget used to be announced at 5 pm on the last working day of February. The practice to change it to 11 am on the last day of February was introduced in 1999 by our then Finance Minister Mr. Yashwant Sinha.
    • A 'halwa ceremony' takes place before the budget, wherein halwa is served to all the officers and staff involved in the making and printing of the budget by the Finance Minister, as is a traditional belief in India to eat something sweet before an auspicious event.
    • In 2017, it was announced by our current Finance Minister Mr. Arun Jaitley that the budget would now on be presented on the 1st of February at 11 am. This is to facilitate smooth implementations of reforms by the beginning of the next final year, i.e. 1st of April.
    • A week before the budget, documents related to the Budget are printed at North Block, Central Secretariat, New Delhi. The employees involved in the printing are kept in a state of isolation till the presentation of the budget.

    Read more about: union budget 2018 budget facts
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more