New Delhi: The finance ministry on Saturday released a video showcasing the journey of the Union Budget as part of the celebrations of 75 years of India's Independence. The video described the first budget presented by India’s finance minister RK Shanmukhan Chetty on November 26, 1947, in the constituent Assembly. "Union Budget has been playing a pivotal role in moving the wheels of Indian Economy since independence. Let's watch a short film which captures the journey of Union Budget in the last 75 years," the ministry said while sharing the video on various social media platforms.
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It went on to elaborate on the major initiatives taken in every decade since the Budget was introduced. The video also mentioned the major changes introduced in the Budget over a period of time. Week-long celebrations are being held in New Delhi at the Finance Ministry as part of 'Azadi ka Amrit Mahotsav'. The event is being celebrated from June 6 to 12.
The video also shed light on various aspects of the budget in terms of spending from then till now. Finance Minister Nirmala Sitharaman also launched a slew of innovative communication and outreach products to spread awareness around financial and tax literacy and explained the contributions of different departments toward the nation's development during the event.
Talking about the Iconic week, she said, "the finance ministry had its reservations about how effective a campaign can be since the kind of work we do involves activities which when we speak, people do not tend to appreciate”.
She said the ministry is putting many activities out in a crisp manner. "Once we examined, we understood that many activities which the public was not aware of were worth looking at and putting them out in a crisp manner in which people can understand so that people appreciate how the Ministry contributes to nation building,” Sitharaman added.