<P> The Union Budget of India for 2016--2017 was presented by Arun Jaitley on 29 February 2016 . </P> <P> The Union Budget of India for 2017--2018 was presented by Arun Jaitley on 1 February 2017 . </P> <P> The Union Budget of India for 2018--2019 was presented by Arun Jaitley on 1 February 2018 . </P> <P> Until the year 1999, the Union Budget was announced at 5: 00 pm on the last working day of the month of February . This practice was inherited from the Colonial Era, Another reason was that until the 1990s, all that budgets seem 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 in the NDA government (led by Bharatiya Janata Party) of Atal Bihari Vajpayee, who changed the ritual by announcing the 1999 Union Budget at 11 am . </P>

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