Question

Until 1999, the Union Budget was announced at 5 pm on the last working day of ______.
1. February
2. April
3. March
4. January

Answer 1

Correct Answer - Option 1 : February

The correct answer is February

• Indira Gandhi the only woman finance minister of India.
• She took over the ministry of finance after Morarji Desai resigned as the finance minister in 1969.
• The Union Budget was announced at 5 pm on the last working day of February until 1999, a practice inherited from the British era.

• The Budget proposals for 2021-22 rest on 6 pillars.
  1. Health and Wellbeing
  2. Physical & Financial Capital, and Infrastructure
  3. Inclusive Development for Aspirational India
  4. Reinvigorating Human Capital
  5. Innovation and R&D
  6. Minimum Government and Maximum Governance 

• The rail budget merged with the Union budget in 2017 after it was presented separately for 92 years.