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Interesting Facts You Should Know About The Union Budget Of India!!

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The Union Budget of India is considered as the annual budget of the Republic India. According to Article 112 of the Constitution of India, it is referred as the Annual Financial Statement. The Budget is presented by the Finance Minister every year and the bill has to be passed by both the Houses of the Parliament before it comes into effect. Interim Budget is known as a short budget which usually presented prior to general elections by the ruling government.

1. R.K Shanmukham Chetty presented the First Union Budget of Independent India on November 26th, 1947.

2. Generally, the Union Budget of India is presented on the last working day of February.

3. Moraji Desai is the only Finance Minister to present the Union Budget on his Birthday.Desai did it in two different years (1964 & 1968). Interestingly, his birthday was on 29th February.

Moraji Desai presented the Union Budget 10 times, most by any Finance Minister of India.

4. The printing of the Union Budget of India starts with Halwa Ceremony.

5. Jawaharlal Nehru was the first Prime Minister to present the budget in the Parliament.

6. Indira Gandhi is still the only lady to hold the post of the Finance Minister.

7. Indira Gandhi is also the only woman and second Prime Minister to present the Union Budget for 1969-70.

8. Rajiv Gandhi became the third Prime Minister to present the Union Budget after Nehru (his grandfather) and Indira Gandhi (his mother).

9. Pranab Mukherjee was the first Rajya Sabha member to present the Union Budget.

10. Until 1999, Union Budget was announced at 5 pm in the evening. However, in 2001 Yashwanth Sinha then Finance Minister of NDA govt. led by Shri Atal Bihari Vajpayee changed it to 11 am.

 

 

posted Feb 29, 2016 by Abhishek Maheshwari

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Did you know, there are 196 countries in the world today? In fact, there are so many countries, whose names are also not recognized by many of us. There are so many informative facts about different countries.

Let's take a look at 10 Interesting and unknown facts about different countries that you need to know:

1. The country which still follows a traditional calendar that is seven years behind the rest of the world

Ethiopia still follows a traditional calendar that is seven years behind the rest of the world. Because of the strong presence of the Coptic Orthodox Church in the country, the traditional calendar of that church is still influential in Ethiopia. The calendar came about in the 16th century, when most of Christianity changed the date Jesus is believed to have been born on, but those in Ethiopia decided to maintain the original date. Because of the time discrepancy, Ethiopia held celebrations for the new millennium in 2007, seven years after the rest of the world.

2. The country which falls in all 4 hemispheres

Kiribati is the only country on the planet to fall into every one of the four hemispheres of the globe, straddling the equator and stretching out into the eastern and western hemispheres. Kiribati was also the first country to see the dawn of the third millennium on 1st January 2000.

3. The country which is smaller than Central Park in New York City

Smaller than Central Park in New York City – Monaco: Although Vatican City is smaller (.17 sq mi) than Monaco (.8 sq mi), not at all like Monaco it doesn’t have any permanent residents which leaves Monaco as the smallest permanently inhabited nation in the world… Smaller than Central Park.

4. The most diverse Country

The Most Diverse Country in the world is India: In almost every category – culturally, economically, climatically, racially, linguistically, ethnically, and religiously India is either the most diverse countries in the world, or the runner-up.

5. The Least Religious Country

A 2007–2008 Gallup survey found Estonia to be the least religious country in the world. The survey asked respondents from around the world, “Is religion an important part of your daily life?” Only 14% of Estonians answered in the affirmative, the lowest of all nations. In contrast, in that same poll, Egypt had a 100% “yes” rate.

6. There is another country which has Hindi as its official language

Fiji is the only country other than India with Hindi as an official language. Native Fijians make up 54% of the population. Under British rule, Indian labourers were brought to Fiji to work on the sugar cane crops. Descendants of these labourers are called Indo-Fijians and today they account for around 40% of the population.

7. There are countries which do not have an Army

There are 22 countries in the world that do not have an army, the large majority comprising tiny island states or enclaves. Incidentally, this doesn’t include the Vatican City, which has the c as a military corps.

8. The country which has 23 native languages

There are 23 native languages recognised by the government in Guatemala. Overall, about 40% of the population speak one of these languages, including Quiche, Kekchi, and Mam.

9.  The country which lies in 2 continents

Istanbul, Turkey, is the only country which falls in 2 continents.

10. The country which has the most amount of Obese people

Nauru has the most amount of Obese population in the world with over 95% of its population overweight.

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  • The Indian army just celebrated its 65th birthday. It is the second largest army in the world, having the largest voluntary, democratic and multicultural body, free from political interferences, and has fought against the maximum number of world enemies. It has won more than 62 awards for valor, fought in the most hazardous conditions, been a part of UN peacekeeping forces, helped the UN by contributing over 8000 troops, helped its countrymen during plague and distress, and has been a champion in many difficult sports competitions.
  • 2 lakh office workers receive tiffin lunch in Mumbai at the measly rate of Rs 600/month from 5000 people, with an efficiency rate of 99.9%.
  • India’s Amul produces over seventy million tones of milk every year.
  • Hero Cycles produces six million cycles a year thus making it the largest manufacturers of cycles in the world.
  • The Indian railway is the largest in the world with 115,000 kms of tracks, 10000 daily trains, , 1.4 million employees. It carries over 24 million passengers a day! It sure is sturdy and reliable.
  • What about our famous Bollywood movies? They provide food and shelter to 7.2 million people and gross Rs 6000 crore a year in about 300 films. Bollywood produces more films a year than Hollywood.
  • What about studies? Did you know that it is more difficult to get admission into IIM Ahmedabad than the Ivy Leagues of USA?
  • The Indian curry (from the Tamil word kari) is the most famous in the world. Whenever Indian food is mentioned, the word curry is always present. There are a plethora of curries and they are available in every corner of the world. Curry reduces cancer and heart diseases.
  • Indian food has its roots tracing back from 3000 B.C with the Indus Valley population. The Basmati rice (from the Sanskrit word fragrant) is produced in large amounts (seven million tonnes a year) and India is the world’s biggest manufacturer of rice.
  • There are also some weird foods like black rice which turns purple on cooking, sorpotel (made from discarded parts of any animal), baby shark curry and nahkham (ashes and dried fish).
  • The Tirumala Devasthanam Hindu temple earns Rs 500 crore/year and attracts 45000 devotees/day!
  • The Nehru jacket with its detailed cut and finishes and the mandarin collar is an inspiration to suits all over the world.
  • The Indian sari is traditional attire that only belongs to this country and is considered a brand for Indian wear worldwide. It is an art to wrap the sari like a circle around the body and create elegant folds.
  • Mukesh Ambani (one of the richest person in the world) has a 800,000 square feet house that has 27 floors and cost over one billion dollars to construct.
  • India uses simple methods. The Angadia couriers have 5000 employees carrying priceless diamonds in simple packs and transporting them all over India. The Lijjat papad company started on Rs 80 and with seven women making papads on a terrace. Its sales touched Rs 300 crore and this company provides jobs to 40000 people.
  • India still believes in using the digit 0 before dialing any STD code!
  • The Indian voting count is the largest in the world, amounting to over 550 million votes cast in 2014.

Source from Internet http://mocomi.com/facts-about-india/

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Ambani’s new house is called Antilia and according to a number of reputable publications, it is the most expensive home in the world. Antilia is actually the first house to exceed a net worth of one billion dollars.

Anant Ambani, the 17-year old son of India’s richest man, is exceptionally spiritual. Numerous reports state that Anant Ambani is visiting the Lord Balaji temple as frequently, as possible.To prove his faith, the affluent teenager decided to make a special donation for the temple. Anant Ambani ended up providing a sacred white elephant as a special present to Lord Balaji.

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We are all too familiar with this logo, aren’t we? Well, at first glance though it looks just a word, but if you look closely you’ll notice a pin in the letter “P”, you can literally pin the pictures to your wall!



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People thought it to be resembling an airplane propeller, but these speculations were cleared when the owner in an interviewed that the logo, in fact, is inspired by the colors of the flag of Bavaria.



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This has quite the backstory, Rene Lacoste, the famous tennis player was walking down the street with his then team caption Alan Moore, he saw a crocodile skin suitcase in one of the stores and made a bet with Alan that if he wins the next game, Moore would have to buy Rene the suitcase. Though Rene lost the game, a journalist who overheard the conversation described the player as a crocodile who fought really hard for the match. Later, his company turned this earned nickname into an emblem.

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