Which of the following is India’s first Paperless Budget?

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SSC CGL 2021 Tier-I (Held On : 18 April 2022 Shift 1)
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  1. Union Budget 2021-22
  2. Union Budget 2019-20
  3. Union Budget 2020-21
  4. Union Budget 2018-19

Answer (Detailed Solution Below)

Option 1 : Union Budget 2021-22
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Detailed Solution

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The correct answer is Union Budget 2021-22.

Key Points

  • On 1 February 2021, Finance Minister Nirmala Sitharaman presented the first paperless budget. This was done due to the ongoing COVID-19 pandemic in India.
  • The Union Budget 2021 was presented in a digital format for the first time to promote the Government of India's (GoI) Digital India flagship programme.

Additional Information

  • The Union Budget of India also referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India.
  • The Government presents it on the first day of February so that it could be materialized before the beginning of the new financial year in April.
  • Until 2016 it was presented on the last working day of February by the Finance Minister in Parliament.
  • The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget.
  • It is presented by means of the Finance Bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year.
  • Since 1947, there have been a total of 73 annual budgets, 14 interim budgets, and four special budgets, or mini-budgets.
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