Sitharaman becomes India's 6th FM to present Budget 5 times in a row

Sitharaman becomes India's 6th FM to present Budget 5 times in a row

Daily Current Affairs   /   Sitharaman becomes India's 6th FM to present Budget 5 times in a row

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Category : Business and economics Published on: February 02 2023

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  • Nirmala Sitharaman has become the sixth Finance Minister in independent India to present the Budget five times in a row. 
  • Others who have presented five consecutive annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai. 
  • Sitharaman's budget for the fiscal year starting April 2023 is her fifth straight since 2019.
  • After taking charge of the Finance Ministry in the Modi Government in 2014, Jaitley presented five budgets in a row from 2014-15 to 2018-19.
  • It was in 2017, that Jaitley departed from the colonial-era tradition of presenting Budget on the last working day of February to 1st of the month.
  • 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.
  • It was under Yashwant Sinha that the time for presentation of the Budget was changed to 11am from 5 pm.
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