Finance Minister Nirmala Sitharaman will present Union Budget on February 1. She is the first woman Finance Minister to present her fourth straight Union Budget. The word Budget was derived from the French word 'Bougette' which means small bag. First Union Budget was introduced on 7th April 1860 by the East India Company to the British Crown and the budget was presented by a
The Budget was first introduced in India on April 7, 1860 when Scottish economist and politician James Wilson from East India Company presented it to the British Crown.
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