It is that time of the year when everybody is hoping that the Finance Minister has some good news for them in the Budget. Read moneycontrol users' letters to the Finance Minister.

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John Mathai presented the first budget for India after it became a Republic when he did so for the year 1950-51

The budget papers were earlier prepared only in English but they also started being done in Hindi from 1955-56

Jawaharlal Nehru presented a budget as a finance minister for the period 1958-59

Morarji Desai presented two budgets on his birthday even though it came just once every four years on Febraury 29

Indira Gandhi is the only female finance minister to have presented the budget

Pranab Mukherjee was the first Rajya Sabha MP to present the budget as a finance minister for 1982-83.

Morarji Desai has presented the highest number of interim and Union budgets in the history of India

Shankar Acharya has been the Chief Economic Advisor for the maximum number of union and interim budgets

The shortest interim budget speech was by H M Patel in 1977 when this was only 800 words long

Since 1980 budget papers are printed in the North Block

The 1997-98 budget had a special session convened and it passed the budget without a debate

Finance Ministers who have presented the budget in Indias history have come from only 9 states

The 1965-66 budget contained the first scheme for disclosure of black money

The exercise for zero based budgets began in 1987-88 when Rajiv Gandhi presented the budget

Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi are the only prime ministers to have presented a Union Budget

budget & the market

MARKET OUTLOOK

R Venkataraman

Managing Director | IIFL

Pre-Budget rally likely; upbeat on financials, IT: Experts

Prakash Diwan

Director | Altamount Capital Management

Nifty ends below 8850: Here's what you should buy now

Kunal Bothra

Sr Technical Analyst | LKP

Here are top trading ideas from Kunal Bothra

Sachin Shah

Fund Manager | Emkay Global Financial Services

Here are top trading ideas from Sachin Shah

more from market outlook

BUDGET BETS
What to buy / sell before this budget
company price action
Bank of India 267.00-13.65 Buy
Sun Pharma Adv 328.40-20.75 Buy
HUL 932.80-7.15 Buy
Havells India 259.30-4.30 Neutral
Emami 919.251.35 Buy
Pidilite Ind 569.70-7.70 Neutral
Ranbaxy Labs 703.65-4.35 Buy
Atul Auto 611.50-0.15 Buy
Sintex Ind 111.05-3.05 Buy
Ranbaxy Labs 703.65-4.35 Buy
classroom

TEASE YOUR MIND

Which security agency of India is responsible for the Security arrangements of the entire budget period in February?

  • Intelligence Bureau
  • Research and Analysis Wing
  • Enforcement Directorate
  • National Security Guards

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