Sitharaman’s July 2019 budget presentation was small, as it retained most of the pointers of Modi 1.0’s interim budget and a few new announcements were made.<br /><br />But, India’s fourth Finance Minister, TT Krishnamachari presented the first ‘mini budget’ on November 30, 1956. In his 5,000-word long speech, Krishnamachari announced new taxation proposals <br />aimed at dealing with an economy plagued with rising inflation and dipping forex reserves. <br /><br />However, he had to resign in February, 1958 after the one-man Justice Chagla Commission found him guilty of corruption<br /><br />Click here to get the latest updates on Budget 2020: shorturl.at/fENP3
