Finance Minister Nirmala Sitharaman will present Union Budget on February 1 for the upcoming financial year 2021-22. The Budget 2021-22 assumes significance as this will be presented during the ongoing Covid-19 pandemic and would shed light on how the government allocates funds to revive the economy. Lets take a look at some interesting facts about India's past budgets. The first Union Budget of independent India was presented by the then Finance Minister RK Sanmukham Chetty on November 26, 1947. The first Union Budget of independent India targeted budget revenue of ₹ 171.15 crore.Until 1999, the Union Budget was announced at 5 pm on the last working day of February. Former Prime Minister Indira Gandhi was the first woman to have presented the Union Budget.

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