<p>Ahead of the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman will introduce the <a href="https://www.deccanherald.com/business/union-budget/budget-2024-how-interim-budget-is-different-from-vote-on-account-2846238">interim</a> budget on February 1.</p>.<p>A 'Mini Budget' is a special-occasion budgetary proposal. It is also called a ‘Mini Budget’ when an interim budget has already been presented in an election year by the outgoing government and the new government presents another in the same year.</p><p>The first Mini Budget in the India's history was presented on November 30, 1956.</p>.Union Budget 2024 | Comparison of Indian economy under the Modi and Manmohan Singh govts.<p><strong>Who presented the first Mini Budget</strong></p><p>India's fourth Finance Minister, T T Krishnamachari presented the first Mini Budget in former Prime Minister Jawaharlal Nehru's government.</p><p>Preceded by C D Deshmukh, Krishnamachari, in a 5000-word long speech through finance bills, announced new taxation proposals in a special-occasion budgetary proposal aimed at dealing with an economy plagued with rising inflation and dipping forex reserves.</p><p>However, in Februrary 1958, he had to resign after the one-man Justice Chagla Commission found him guilty of corruption.</p>.Budget 2024 | 10 interesting facts about Union Budget.<p>Nehru stepped in after his resignation to take over the Finance portfolio and in the absence of a finance minister; Nehru went on to present the Budget of 1958-59.</p><p>Krishnamachari was back as the Finance Minister less than a decade later and the second Mini Budget was also presented by him in August 1965.</p>.<p>During his tenure, Krishnamachari presented a total of six budgets, two of which were Mini Budgets.</p>
<p>Ahead of the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman will introduce the <a href="https://www.deccanherald.com/business/union-budget/budget-2024-how-interim-budget-is-different-from-vote-on-account-2846238">interim</a> budget on February 1.</p>.<p>A 'Mini Budget' is a special-occasion budgetary proposal. It is also called a ‘Mini Budget’ when an interim budget has already been presented in an election year by the outgoing government and the new government presents another in the same year.</p><p>The first Mini Budget in the India's history was presented on November 30, 1956.</p>.Union Budget 2024 | Comparison of Indian economy under the Modi and Manmohan Singh govts.<p><strong>Who presented the first Mini Budget</strong></p><p>India's fourth Finance Minister, T T Krishnamachari presented the first Mini Budget in former Prime Minister Jawaharlal Nehru's government.</p><p>Preceded by C D Deshmukh, Krishnamachari, in a 5000-word long speech through finance bills, announced new taxation proposals in a special-occasion budgetary proposal aimed at dealing with an economy plagued with rising inflation and dipping forex reserves.</p><p>However, in Februrary 1958, he had to resign after the one-man Justice Chagla Commission found him guilty of corruption.</p>.Budget 2024 | 10 interesting facts about Union Budget.<p>Nehru stepped in after his resignation to take over the Finance portfolio and in the absence of a finance minister; Nehru went on to present the Budget of 1958-59.</p><p>Krishnamachari was back as the Finance Minister less than a decade later and the second Mini Budget was also presented by him in August 1965.</p>.<p>During his tenure, Krishnamachari presented a total of six budgets, two of which were Mini Budgets.</p>