Earlier, the Union Budget used to be announced at 5 pm on the last working day of February. This practice was in vogue till 1999 and inherited from the colonial era but it was not the only reason.<br /><br />More often than not, the Budget invariably brings changes in the tax system, and a presentation in the evening used to give producers and the tax collecting agencies the night to work out the change in prices.<br /><br />Click here to get the latest updates on Budget 2020: shorturl.at/fENP3
