It was decided to present the budget on 1st February from the year 2017, know the history

-


Budget 2024: Counting days are now left for the month of January to end. Then in February, Finance Minister Nirmala Sitharaman will present the 2024 budget in Parliament. Also, since the year 2024 is an election year, this year's budget will be an interim budget. Also, people have many questions about the budget, the most common question is why the budget is presented on February 1? So let's find out the answer...

Earlier it was not presented on 1 February

Earlier the budget was not presented on the first day of February but on the last day of February. But the current government has changed this age-old tradition associated with the budget and changed the budget date to 1st February.

This tradition was changed in the year 2017

Every year at the beginning of the new financial year, the central government presents the expenditure and revenue details for the next financial year before the budget is passed by both houses of Parliament. The budget was introduced in the country from the year 1860, i.e. from the British rule. Also, before the year 2017, the budget was presented at the end of February. But the then finance minister Arun Jaitley decided to change this 92-year-old tradition of budget and present it on February 1. Since then it is presented on 1st February every year.

Why was this change made?

Changing this 92-year-old budget tradition, the then finance minister Arun Jaitley revealed that presenting the budget at the end of February did not give the government time to make the budget effective. So that the government gets more time, the budget date was changed from 28th February to 1st February.

At present the railway budget is not presented separately

The government has changed many traditions of the budget, including the railway budget. A separate railway budget was presented in the first three years of the current government's tenure, but since 2017, it has stopped the tradition and is presented along with the general budget.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more