Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: first Union Budget of independent India | Statement: [R. K. Shanmukham Chetty, presented, first Union Budget of independent India]

Target entity: first Union Budget of independent India
Context triple: [R. K. Shanmukham Chetty, presented, first Union Budget of independent India]

• A. Union Budget of India chosen
  The Union Budget of India is the central government's annual financial statement that outlines its revenue, expenditure, and economic policy priorities for the upcoming fiscal year.
• B. Fifth Five-Year Plan of India
  The Fifth Five-Year Plan of India was a national economic strategy implemented during the 1970s that emphasized poverty alleviation, self-reliance, and growth with social justice.
• C. Contingency Fund of India
  The Contingency Fund of India is an emergency reserve at the disposal of the President to enable the government to meet unforeseen expenditures pending authorization by Parliament.
• D. First Five-Year Plan of India
  The First Five-Year Plan of India was the country’s inaugural national economic program (1951–1956), focused primarily on agricultural development, irrigation, and restoring the economy after independence and Partition.
• E. Second Five-Year Plan of India
  The Second Five-Year Plan of India was a national economic program (1956–1961) that emphasized rapid industrialization and the development of heavy industries under a socialist-inspired, state-led growth strategy.
• F. None of above.
• G. Unsure - the case is ambiguous/there is not enough information to decide.