Finance Minister Nirmala Sitharaman is the sixth minister in independent India to present five consecutive budget

01 Feb 2023

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Finance Minister Nirmala Sitharaman is the sixth minister in independent India to present five consecutive budget

Sitharaman's budget for the fiscal year starting April 2023 is her fifth straight since 2019. Therefore, Finance Minister Nirmala Sitharaman becomes the sixth minister in independent India to present five consecutive budget, joining a select league of legends likes of Manmohan Singh, Arun Jaitley and P Chidambaram.

Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai are the other ministers who have presented five straight annual financial statements.

Jaitley presented five budgets in a row from 2014-15 to 2018-19, after taking charge of the Finance Ministry in the Modi Government in 2014.

Piyush Goyal, who held the additional charge of the Ministry due to ill health of Jaitley, presented the interim budget or vote on account for 2019-20.

After the 2019 general elections, in the Modi 2.0 Government, Sitharaman was given the Finance portfolio.

India has weathered the Covid pandemic, under Sitharaman,  with an array of policy measures announced for the poor and continued its tag of the fastest growing major economy and a 'bright spot' in world economy.

In 2019, Sitharaman became the second woman to have presented the budget after Indira Gandhi, who had presented the budget for the financial year 1970-71.

Sitharaman did away with the traditional budget briefcase that year and instead went for a 'bahi-khata' with the National Emblem to carry the speech and other documents.

COVETED CLUB of FIVE BUDGETS IN A ROW Jaitley's predecessor and Congress' P Chidambaram in the UPA government had presented five budgets in a row from 2004-05 to 2008-09.

In the BJP-led Atal Bihari Vajpayee Government, Yashwant Sinha as finance minister presented the interim and final budgets for 1998-99.

After the general elections in 1999, Sinha presented four budgets -- 1999-2000 to 2002-03.

It was under Sinha that the time for presentation of the Budget was changed to 11am from 5 pm.

During Narasimha Rao Government, Manmohan Singh was given charge of the Finance portfolio and he presented budgets from 1991-92 to 1995-96.

Singh's 1991-92 Budget with a host of economic reforms to liberalise the economy, gave a new direction to India.

Former Prime Minister Morarji Desai who holds the tag of presenting 10 Budgets -- the maximum number by any Finance Minister -- had presented five of them in a row.

The five annual budgets were presented from 1959-60 to 1963-64 during his stint as Finance Minister.

 

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