What is a Budget who founded it
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Explanation:
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Budget: History of budget system in India
The Budget was first introduced in India on 7th April 1860 from East-India Company to British Crown. The first Indian Budget was presented by James Wilson on February 18, 1869. Mr. Wilson was the Finance Member of the India Council that advised the Indian Viceroy.
The word "Budget" was derived from the Middle English word "bowgette", which came from Middle French "bougette-meaning a leather bag. The Indian budget is presented in Parliament on a date fixed by the President. The Budget speech of the finance minister normally has two parts. Part A deals with general economic survey of the country while Part B relates to taxation proposals.
First Indian Budget
The Budget was first introduced in India on 7th April 1860 from East-India Company to British Crown. The first Indian Budget was presented by James Wilson on February 18, 1869. Mr. Wilson was the Finance Member of the India Council that advised the Indian Viceroy. He was Scottish businessman, economist, and Liberal politician. He founded The Economist and the Standard Chartered Bank.
First budget of the Republic of India
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Answer:
budget is an estimate of income and expenditure for a set of period. it was founded by John mathai