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Union Budget 2025: Who presented India's first Budget?


Published on 2025-01-22 11:01:08 - MSN
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  • The Union Budget of India is a crucial annual document presented by the government, outlining the planned revenues and expenditures for the upcoming financial year. It significantly influences economic policies,

The article from MSN discusses the historical context of India's Union Budget, focusing on who presented the first budget. India's first Union Budget was presented by Sir James Wilson on February 18, 1869, during British rule. Wilson, a Scottish economist and politician, was appointed Finance Member of the Viceroy's Council by Lord Lawrence, the then Viceroy of India. The budget was presented to address the financial crisis following the Sepoy Mutiny of 1857, aiming to stabilize the economy through new taxation measures, including the introduction of the income tax. The article highlights the significance of this event as a foundational moment in India's economic history, setting the stage for future budgetary practices in the country.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/economy/union-budget-2025-who-presented-india-s-first-budget/ar-AA1xDgh1 ]
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