Forex crisis to Kargil War: Yashwant Sinha's Budget events and revisions

The finance minister who presented the Budget during some of the most eventful times for India is Yashwant Sinha. His Budget 1991 was in the backdrop of the forex crisis; Budget 1999 was in the year of the Pokhran blasts; Budget 2000 was at the time of the Kargil war; and Budget 2001 was presented the year a devastating earthquake shook Gujarat on January 26.

Sinha’s Budget 2002 also saw the maximum rollbacks; he went back on some five Budget proposals. For example, the Budget proposal of 5% service tax was revised and the service tax was rolled back for the