1. Morarji Desai, the former prime minister and finance minister of the country, had presented 10 budgets in Parliament, which is the highest number by a single finance minister till date. P Chidambaram has presented the budget nine times.
Who presented the budget the maximum number of times?
Morarji Desai has presented 10 budgets which is the highest count followed by P Chidambaram’s 9 and Pranab Mukherjee’s 8. Yashwant Sinha, Yashwantrao Chavan and C.D. Deshmukh have presented 7 budgets each while Manmohan Singh and T.T. Krishnamachari have presented 6 budgets.
What are the 3 types of budgets?
Depending on these estimates, budgets are classified into three categories-balanced budget, surplus budget and deficit budget.
Who was the first man of India?
List of First in India (Male)
|First Prime Minister of free India||Pt. Jawaharlal Nehru|
|First Indian man in space||Rakesh Sharma|
|First Prime Minister of India who resigned without completing Full term||Morarji Desai|
|First Indian Commander-in-Chief of India||General Cariappa|
|First Cheif of Army Staff||Gen. Maharaj Rajendra Singhji|
Who is the first woman to present budget in India?
Nirmala Sitharaman is the first woman to present the union budget three times. Indira Gandhi was the first woman who had presented the union budget in 1970. Sitharaman is the second woman to present the minister after Gandhi. Union Budget Mobile App was launched during the Halwa ceremony.
Which type of budget is best?
This type of budget is best suited for developing economies, such as India. Especially helpful at times of recession, a deficit budget helps generate additional demand and boost the rate of economic growth. Here, the government incurs the excessive expenditure to improve the employment rate.
What is called a balanced budget?
A balanced budget is a situation in financial planning or the budgeting process where total expected revenues are equal to total planned spending. This term is most frequently applied to public sector (government) budgeting.
Which budget is used in India?
Definition: According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year.