Past Indian Budgets In Numbers

Past Indian Budgets In Numbers

The most anticipated event for the nation and claimed to be the one like never before by the current Finance Minister Nirmala Sitharaman, the Budget of 2021 is going to be a spotlight event, to say the least. Until then, let us have a look at some of our previous Union Budgets via cool and easy-to-understand infographics.

Crux of the Matter

The union budget size has increased at an annual rate of 11.6%, reaching ₹30.42 lakh crores in 2020-21.

But with the increasing size of the budget, a developing nation’s issue, fiscal deficit did not leave India. The revenue deficit was also of a concern.

Now let us look at the trend of budgetary allocations in some key sectors for a developing nation.

But how does this allocation fare with other nations? Let’s find out.

You might also be wondering where does all the money with the government come from? They tax us for sure, but that’s not all. Find it here yourself.

The Indian Railways has been making a peculiar demand to the government since before last budget. Will their thirst be quenched? What is their thirst? Find it all here: Budget 2021: A Beacon Of Hope For Department Of Railways

  • The first Union budget of independent India was presented by R. K. Shanmukham Chetty on 26 November 1947. Morarji Desai has presented 10 budgets which is the highest count followed by P Chidambaram’s 9 and Pranab Mukherjee’s 8.
  • Until the year 1999, the Union Budget was announced at 5:00 pm on the last working day of the month of February. All that budgets seemed to do was to raise taxes, a presentation in the evening gave producers and the tax collecting agencies the night to work out the change in prices. It was Mr Yashwant Sinha, the then Finance Minister of India who changed the ritual by announcing the 1999 Union Budget at 11 am.
  • In 2016, departing from the colonial-era tradition of presenting the Union Budget on the last working day of February, Minister of Finance (India) Arun Jaitley announced that it will now be presented on 1 February. Additionally Rail Budget, presented separately for 92 years, merged with the union budget.

In Pics: Trump Supporters Siege Capitol

US Congress formally certified the victory of Joe Biden in the US Presidential elections. Also, the world witnessed a magnificent ‘dance of democracy’ in perhaps the torch-bearer of democracy and freedom across the world as Trump supporters sieged the Capitol Hill. Let us look at it in pictures.

You can click on the right arrow in the post below to look at the images.

India’s Agriculture In Maps & Numbers

India's Agriculture In Maps & Numbers

With farmers protesting the proposed Farm Bills 2020, let us have a look at the landscape of agriculture in India through some interactive maps and numbers.

Crux of the Matter

With the issue revolving around APMCs, firstly let’s have a look at whether a state has adopted APMC act.

Now let us have a look at the annual average income of farmers in India through an interactive map below. Note that 2013 numbers have been adjusted for inflation. Feel free to click on a state and know its stats.

How much land does a farmer on average own in each state? Find out below.

The following infographic details out how much does agriculture contribute to each state’s GDP.

Understanding Farm Sizes Using Football Field
Dimensions of a football field are 67.5 metres x 105 metres in general. This results in a square metre area of ~7,100.

1 acre equals to ~4,050 metre square, meaning roughly 2/3rd of a football field.
1 hectare equals to ~10,000 metre square, meaning roughly 1 and a half football fields.
However, bigha does not have a standard measure, and it ranges from state to state. Usually, 1 bigha equals 0.4 to 0.6 acres.

How Much Does A Farmer Earn?
Let’s look at the earnings of a paddy growing farmer for instance. MSP on paddy in 2020 is ₹1868 per quintal.
Now 1 ton = 10 quintals.

Average yield of paddy in 1 acre land is 4 tons or 40 quintals.
Therefore, earnings on growing paddy in 1 acre land = 40 x ₹1868 = ₹74,720.

Now as 1 hectare = 2.5 acres,
average yield of paddy in 1 hectare land is 10 tons or 100 quintals.
Therefore, earnings on growing paddy in 1 acre land = 100 x ₹1868 = ₹1,86,800.

Now as 1 bigha = 0.6 acres,
average yield of paddy in 1 hectare land is 2.5 tons or 25 quintals.
Therefore, earnings on growing paddy in 1 acre land = 25 x ₹1868 = ₹46,700.

  • eNAM is an online trading platform for agricultural commodities in India. The market facilitates farmers, traders and buyers with online trading in commodities. The market transactions stood at Rs. 36,200 crore by January 2018, mostly intra-market.
  • Kisaan is a 2009 Bollywood action thriller film directed by Puneet Sira, which focuses on Farmers’ suicides in India. Farmer suicides account for 11.2% of all suicides in India.
  • In 2006, the Government of India identified 31 districts in the four states of Andhra Pradesh, Maharashtra, Karnataka, and Kerala with high relative incidence of farmers’ suicides. A special rehabilitation package was launched to mitigate the distress of these farmers.

Trivia Thursday: Indian Navy Day

Trivia Thursday: Indian Navy Day

Did you know that 4th December is celebrated as ‘Indian Navy Day’? What’s more exciting is the story behind it. Hello and welcome folks to another exciting edition of Trivia Thursday where we will have a look at the background of why Navy Day is celebrated on 4th December and some really interesting trivia about Indian Navy.

Crux of the Matter

Why Is Navy Day Celebrated On 4th December?
Indo-Pakistani War
of 1971 was a military confrontation between India and Pakistan. It occurred during the Bangladesh Liberation War from 3 December to 16 December 1971.The war began with preemptive aerial strikes on 11 Indian air stations.

It led to the commencement of hostilities with Pakistan and Indian entry into the War of Independence in East Pakistan (now Bangladesh) on the side of Bengali nationalist forces. Lasting just 13 days, it is one of the shortest wars in history.

Operation Trident was an offensive operation launched by the Indian Navy on Pakistan’s port city of Karachi during the Indo-Pakistani War. Operation Trident saw the first use of anti-ship missiles in combat in the region. While India suffered no losses, Pakistan lost a minesweeper, a destroyer, a cargo vessel carrying ammunition, and fuel storage tanks in Karachi.

India celebrates its Navy Day annually on 4 December to mark this operation.

Interesting Facts
From 15 August 2001, the then ensign of the Indian navy was replaced with a white ensign bearing the Indian Navy crest, as the previous ensign was thought to reflect India’s colonial past. However, complaints arose that the new ensign was indistinguishable as the blue of the naval crest easily merged with the sky and the ocean. Hence, in 2004, the ensign was changed back to the previous with the addition of the emblem of India.

  • Ezhimala Naval Academy in Kerala is the largest naval academy in Asia.
  • Indian navy holds the distinction of one of the only two naval aerobatic teams in the world. The name of the aerobatic demonstration team is Sagar Pawan.
  • Mauritius is part of India’s security grid including the Coastal Surveillance Radar (CSR) station of the Indian Navy’s National Command Control Communication Intelligence network. The Heads of the Mauritius Navy and the Mauritian National Security Advisor are Indian officers.
  • One of the most distinguished and efficient special forces in the world, MARCOS or Marine Commandos are the special operations unit of the Indian navy. MARCOS is acknowledged as ‘Dadhiwala Fauj’ (Bearded Army) by the various terrorist groups, due to their bearded disguises in civil areas.
  • Chhatrapati Shivaji, the Maratha emperor, is considered the ‘Father of the Indian Navy’.
  • INS Arihant is the first ballistic missile submarine to have been built by a country other than the five permanent members of the UNSC.

To read our previous week’s Trivia Thursday around Indian cinema at some of the world’s biggest stages, click here.