Union finance minister Nirmala Sitharaman has joined a choose league of ministers to current 5 consecutive federal budgets in unbiased India. Sitharaman is barely the sixth finance minister to take action, becoming a member of the league of ministers like Manmohan Singh, Arun Jaitley and P Chidambaram. Sitharaman’s funds for the fiscal 12 months beginning April 2023 is her fifth straight since 2019.
The opposite finance ministers who introduced the annual funds for 5 consecutive years are Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.
Jaitley introduced 5 budgets in a row from 2014-15 to 2018-19 after taking cost of the essential ministry within the Modi Authorities in 2014. The interim funds for 2019-20 was introduced by Piyush Goyal who was holding the extra portfolio owing to the unwell well being of Jaitley.
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Sitharaman assumed the cost of the finance ministry within the Modi 2.0 authorities and has been on the helm of affairs since then. Beneath Sitharaman, India weathered the Covid pandemic with an array of coverage measures introduced for the poor and continued its tag of the fastest-growing main financial system and a ‘vivid spot’ on the planet financial system.
In 2019, Sitharaman grew to become the second lady to have introduced the funds after Indira Gandhi, who had introduced the funds for the monetary 12 months 1970-71.
Congress chief P Chidambaram within the UPA authorities had introduced 5 budgets in a row from 2004-05 to 2008-09.
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Within the NDA-led Atal Bihari Vajpayee authorities, Yashwant Sinha introduced the interim and remaining budgets for 1998-99. After the overall elections in 1999, Sinha introduced 4 budgets – 1999-2000 to 2002-03.
Throughout the Narasimha Rao authorities, Manmohan Singh was given cost of the finance portfolio and he introduced budgets from 1991-92 to 1995-96. Singh’s 1991-92 Funds with a number of financial reforms to liberalise the financial system, gave a brand new course to India.
Former Prime Minister Morarji Desai, who holds the tag of presenting 10 Budgets, the utmost quantity by any finance minister, had introduced 5 of them in a row. The 5 annual budgets have been introduced from 1959-60 to 1963-64 throughout his stint as finance minister.
(With PTI inputs)