[ad_1] HN Bahuguna, KC Neogy: FMs who were unable to present the budget
By: ET Online

HN Bahuguna, KC Neogy: FMs who were unable to present the budget

Jan 31, 2024

1st budget

RK Shanmukham Chetty was the first Finance Minister to present India's interim budget in 1947.

Image Source: Agencies

Brief Stints

HN Bahuguna and KC Neogy are the only two Finance Ministers in India's history who did not present any Union Budget due to their short tenures.

Image Source: Agencies

​KC Neogy​

He was the second Finance Minister of Independent India, and served for only 35 days in 1950.

Image Source: Agencies

​Short-lived Role​

Bahuguna served as Finance Minister for five and a half months in 1979-80, hence he was unable to present the budget.

Image Source: Agencies

​Dual Presentations​

In 1991-92, two different individuals presented the interim and final budgets, respectively.

Image Source: Agencies

​Interim Insight​

Congress' Yashwant Sinha presented the interim budget for 1991-92.

Image Source: Agencies

​Turning Point​

D. Manmohan Singh presented the final budget for the same year after Congress came into power, marking significant economic reforms such as reducing import duties and introducing service tax.

Image Source: Agencies

​Budget 2024-25​

FM Sitharaman is set to present the budget for the year 2024-25 on February 1.

Image Source: Agencies

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