• Invest
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Product Suite
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    All Calculators
    Product Suite
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Stocks
    Market Movers
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Commodities
    Currency
    Futures & Options
    Derivatives
    Margin Trading
    Events
    Budget 2024
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2024
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Fund Expert
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement
​

Here Are Some Interesting Facts On Union Budget:

  •  2m
  • 0•
  • 20 Apr 2023

As we move closer towards the Budget FY2023, we take a look at some budget trivia you may not be aware of...

  • The process of printing documents for the Budget begins with the annual ritual of the "Halwa Ceremony". As part of the ritual, 'halwa' is prepared in a big 'kadhai' (vessel) and served to the entire staff in the ministry.

  • The word budget is derived from 'bougette' which means small bag in French as we have seen time and again our respective Finance Ministers holding the 'budget bag'.

  • Budget papers began to be prepared in Hindi also from 1955-56.

  • Nirmala Sitharaman ditched the traditional Budget briefcase in 2019, instead carried a Red packet with the National Emblem wrapped with a ribbon.

  • Jawaharlal Nehru was the first Prime Minister to present the budget as he held the Finance Minister portfolio in 1958-59

  • The maximum number of Budgets has been presented by Morarji Desai. He presented budget 10 times.

  • In 1991-92, it was the first occasion in Independent India that the interim and final budgets were presented by two ministers of two different political parties.

  • Scrapping close to century old practice, in the Budget of 2017 the Railway Budget was merged with the Union Budget, a move which was expected to save close to Rs. 10,000 crore.

  • Earlier, Budget was presented at 5 pm on the last working day, inherited from colonial era. The practice was put to end in 2001 and the Union Budget is presented at 11 AM since then.

Read More : Budget 2024 live Updates

Did you enjoy this article?

0 people liked this article.

What could we have done to make this article better?

Read Full Article >
Enjoy Free Demat Account Opening
+91 -

personImage
Enjoy Free Demat Account Opening
+91 -