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Now only a few more days are left for the presentation of Budget 2025. This year’s budget is going to be special in many ways. Especially for small investors and common man. Actually, this budget will be the second full budget of the third term of the Modi government. Current Finance Minister Nirmala Sitharaman will present it to the country.
This will be the eighth budget of Nirmala Sitharaman as Finance Minister. But, do you know about the woman who presented the budget to the country for the first time as Finance Minister. Let us know about it in detail.
The country’s first woman finance minister
The first woman Finance Minister of the country was Indira Gandhi. This is from 1969. At this time, there was Indira Gandhi’s government in the country and the Finance Ministry was with the then Deputy Prime Minister Morarji Desai. But, when Morarji Desai rebelled against Indira Gandhi, the Congress Party expelled him from the party on 12 November 1969. After the departure of Morarji Desai, the post of Finance Minister became vacant. The country’s budget was to be presented after three months, in such a situation the party did not find it right to trust a new face.
Indira Gandhi, while being the Prime Minister, also kept the Finance Ministry with herself. Then comes the date of 28 February 1970, when a woman presented the country’s budget in the Parliament. Indira Gandhi presented the budget for the first and last time, which was recorded in history. Nirmala Sitharaman is the first woman after Indira Gandhi to become a full-time woman Finance Minister.
why did you say sorry
When Indira Gandhi stood in Parliament at 5 pm on 28 February 1970 to present the budget, Congress MPs welcomed her with applause. He started reading the budget, but then stopped in the middle and said, excuse me. As soon as he said this, there was silence in the house. People wondered what Indira Gandhi would do like this.
However, after a few seconds, Indira Gandhi smiled and said, ‘Sorry, this time I am going to put a burden on the pockets of cigarette smokers.’ Actually, Indira Gandhi had planned to increase the revenue in the general budget, due to which she had increased the tax on cigarettes by about 7 times. The tax which was earlier 3%, was increased to 22%.
