We will get you all the updates in details when the finance minister Arun Jaitley will table the Union Budget 2018 tomorrow before the Parliament, meanwhile below we have listed 10 fascinating facts about the Indian Budget. The Union Budget 2018 will be the first budegt after the roll out of th emajor tax reform, the Goods and Services Tax (GST) bill. After Independence, India’s first Finance Minister R.K. Shanmukham Chetty, presented the first Budget at 5 pm on 26th November, 1947. Besides, Indira Gandhi was the only woman Finance Minister who took over the Finance portfolio from 1970 to 1971. Services Tax was introduced by Manmohan Singh in budget 1994 to tap the growing sector in Indian economy.

Source: dna January 31, 2018 05:18 UTC