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And the central budget is going to be presented exactly 12 days later. Excitement has been noticed even among the common people. Let's see who will present the budget when.
Highlights
• Presenting the central budget is one of the most important
events in the country
• Every citizen is directly or indirectly affected by the
budget
• Many people wait for the budget
Presenting the central budget is one of the most important events in the country. Every citizen is directly or indirectly affected by the budget. So many people wait for the budget. There is hope around the budget for everyone from the upper class to the lower class. Let's take a look at the general public's questions about the budget.
1. When will the Union Budget be presented in 2022?
The budget for the current
year 2022 is scheduled to be presented on February 1 at 11 am. The budget
session of the first phase will run from January 31 to February 11. The budget
session of the second phase will be held from March 14 to April 6.
2. Who will present the budget in 2022?
The Union Finance Minister
presents the budget every year. The current Union Finance Minister is Nirmala
Sitharaman. It is learned that he will present the budget this year. After
President Ramnath Kobind's speech, the Finance Minister will present the
budget.
3. How long will the budget speech be?
The average time to present
the central budget is 90 minutes to 120 minutes. Nirmala Sitharaman has
presented the longest budget. In 1977, Hiruvai M. Patel presented the shortest
budget. Nirmala Sitharaman presented the budget of 160 minutes. In 2003,
Yashwant Singh presented the budget. He presented a budget of 135 minutes, 2
hours and 15 minutes.
4. What are the expectations in the budget?
The All India Gem and Jewelery
Association has already filed a petition to reduce GST on gold. On the other
hand, the Federation of Automobile Dealers (FADA) has demanded the Center to
reduce GST on two-wheelers to 18 per cent. The FADA says two-wheelers are not a
luxury at all, so GST should be reduced on top of that. In addition, the Indian
Banks' Association has requested to reduce the lock-in period of FD. The bank
has made special demands in the interest of the customers.
