Budget 2026: Why 1973–74 Union Budget Was Called The ‘Black Budget’

Budget 2026: Why 1973–74 Union Budget Was Called The ‘Black Budget’
Despite its challenges, the 1973 Union Budget also introduced several major policy measures. The Indira Gandhi government set up a Rs 56 crore fund to nationalise coal mines, insurance companies and the Indian Copper Corporation, aiming to strengthen state control over key sectors.