What is the meaning of Budget ?

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- Being deputy prime minister, while Morarji Desai presented Budget speech four times, Charan Singh presented the Budget speech only once.

- Jawaharlal Lal Nehru, Indira Gandhi, Rajiv Gandhi, Charan Singh, N D Tiwari, Madhu Dandwate, S B Chavan and Sachindra Chaurdhuri have only presented one Budget each

- R Venkatraman and H M Patel have presented three Budgets each while Jaswant Singh, V P Singh, C Subramaniam, John Mathai and R K Shanmukham Chetty have presented two Budgets each to their credits

- Prime Minister Manmohan Singh and the country's fourth Finance Minister T T Krishnamachari, have presented six speeches each during their tenure as finance minister

- Pranab Mukherjee presented the budget for 2012-13 on March, 16 2012. It allowed him to join the league of P Chidambaram, Yashwant Sinha, Y B Chavan and C D Deshmukh who have all presented 7 full budgets

- Schemes like National Rural Health Mission, Gender Budget and NREGA were announced first time in budget of 2005-06

- Yaswant Sinha's 1991 Budget was in backdrop of forex crisis. His 1999 Budget was in backdrop of Pokhran blasts. The 2000 Budget was presented by Sinha in the backdrop of the Kargil war, while the 2001 Budget was presented in the backdrop of the devastating Gujarat earthquake

- Yashwant Sinha has the distinction for maximum rollbacks in the Union Budget that presented in 2002

- Transfer Pricing Regulations was introduced by Yashwant Sinha in Budget 2001-02.This regulation played a big role in the prevention of erosion of the tax base in India

- Sarv Shiksha Abhiyaan was one of the flagship programmes which were started in the year 2000 by Prime Minister Atal Bihari Vajpayee. The main aim of the program is universalization of elementary education. (6-14 years of age group

- Yashwant Sinha began the new timing of budget speech by presenting the budget from 2001 at 11:00 am

- Until year 2000, the Union Budget was announced at 5 pm on the last working day of February

- The budget of 1997-98 presented by P. Chidambaram is known as the “Dream Budget”. 38. Two finance ministers, Yashwant Sinha and Manmohan Singh have presented 5 budgets in a row

- The final budget for 1996-97 was presented by P. Chidambaram then Tamil Maanila Congress. It was the second time that interim and final budgets were presented by two ministers of different political parties

- Three interim budgets were presented in the 1990s. While Yashwant Sinha presented the interim budget for 1991-92 and 1998-99, Dr. Manmohan Singh presented for the year 1996-97

- Services Tax was introduced by Manmohan Singh in budget 1994 to tap the growing sector in Indian economy

- Manmohan Singh during his speech for the 1992-93 Budget, said, "It is said that child is the father of the man, but some of our taxpayers have converted children into tax shelters for their fathers.

- The Epochal Budget of Manmohan Singh 1992-93, reduced peak import duty from 300 plus percent to 50 percent, liberalized the economy and promoted foreign investments in India

- This was the first occasion when the interim and final budgets of 1991-92 were presented by two ministers of two different political parties. Yashwant Sinha presented the interim budget while Manmohan Singh presented the final budget

- Corporate tax (today is known as Minimum Alternate Tax) was first introduced by Rajiv Gandhi in 1987 Budget

- Jawaharlal Lal Nehru, Indira and Rajiv Gandhi have presented the budget while serving as the Prime Minister of India

- R Venkataraman is the only finance minister of India who later also served as the President of India from 1987-92

- V.P. Singh as finance minister dwelt excessively on concessions for poor. In his 1986 budget, he proposed railway porters, bank loans with a subsidy for rickshaw pullers, cobblers and setting up of a small industries development bank, an accident insurance scheme for municipal sweepers

- Indira Gandhi was the only woman Finance Minister who took over the Finance portfolio from 1970 to 1971