Question
Download Solution PDFWhich of the following is India’s first Paperless Budget?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Union Budget 2021-22.
Key Points
- On 1 February 2021, Finance Minister Nirmala Sitharaman presented the first paperless budget. This was done due to the ongoing COVID-19 pandemic in India.
- The Union Budget 2021 was presented in a digital format for the first time to promote the Government of India's (GoI) Digital India flagship programme.
Additional Information
- The Union Budget of India also referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India.
- The Government presents it on the first day of February so that it could be materialized before the beginning of the new financial year in April.
- Until 2016 it was presented on the last working day of February by the Finance Minister in Parliament.
- The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget.
- It is presented by means of the Finance Bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year.
- Since 1947, there have been a total of 73 annual budgets, 14 interim budgets, and four special budgets, or mini-budgets.
Last updated on Jun 13, 2025
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