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What changes have taken place in the budget since independence? Let us know about it. Finance Minister Nirmala Sitharaman is going to present the first budget of the third term of the Modi government on July 23. After independence, many full and interim budgets have been presented in the country.
Many changes have been made in the budget since independence. This includes five major changes. We are giving you information about this.
Till 1955, the budget of India was published only in English language but this rule was changed from 1956. After this, the budget was also published in Hindi language.
Till 1998, there was a tradition of presenting the budget by 5 pm. But after the change in rules in 1999, it started being presented at 11 am.
The Modi government has changed many important traditions related to the budget in its first term. Earlier the budget was presented on the last day of February, which was changed to the first day of February in the year 2017.
Along with this, till the year 2016, the railway and general budgets were presented separately, which were changed and were merged from the year 2017. No separate budget has been presented for the railways till now.
Earlier the budget was presented in a red bag which was later replaced by paper. Since the year 2021, a paperless budget is being presented continuously.