Page 2 - NIS English February 01-15,2023

BUDGET OF NEW INDIA

SHEDDING COLONIAL SYMBOLS

The history of modern India is inextricably linked to two centuries
of British colonialism. The government is attempting to strengthen

Indian identity by eradicating all forms of colonialism. Changes in
policy are also being implemented. Hundreds of British laws have
changed, as has the tradition, timing, and date of the Union Budget,

which for decades followed the time of the British Parliament.

The practice of presenting the Rail Budget separately
from the Union Budget was changed in the 2017–18
budget. In 1924, railway finance was separated from
general finance.

In 2017, the Budget date was changed from the end of
the month of February to February 1. The Budget time
was changed from 5 p.m. to 11 a.m. in 1999, during the
Prime Ministership of Atal Bihari Vajpayee.

Instead of a briefcase, the government presented the
Budget in the traditional Indian "Bahi Khata" format in
2019, which was replaced by a digital budget in 2021.

The first budget in India was presented in 1860, and
the first budget in independent India was presented on
November 26, 1947, by RK Shanmukham Chetty, the first
Finance Minister.

Slavery should not exist anywhere in our being,
not even in the most remote corners of our minds
or habits. We should end it there. We must break
free from the mindset of slavery.
- Narendra Modi, Prime Minister