India’s Budget evolutionFrom briefcase to digital era
By Anshul
By Anshul
CNBC-TV18.com
CNBC-TV18.com
Published Jan 30, 2024
Published Jan 30, 2024
India’s budget presentation has transformed from the traditional briefcase to the modern digital era, reflecting the nation’s evolving economic landscape.
Indian budget’s journey evolved from briefcase to bahi khata to tablet.
BudgetJourney
The term ‘budget’ comes from ‘bougette’, a French word meaning leather briefcase.
Briefcase Origin
India inherited the tradition of carrying budget papers in a briefcase from the British.
Colonial Ritual
In 1860, UK budget chief William E Gladstone introduced the red Gladstone Bag.
GladstoneBag
The original Gladstone Bag was retired from British service in 2010.
BagRetirement
Unlike Britain, different Indian Finance Ministers used different briefcases.
India vs Britain
On Budget Day, India’s FM poses with the budget bag outside parliament.
BudgetDay
In 1947, India’s first FM RK Shanmukham Chetty used a leather portfolio.
1947Portfolio
From 1970 to 2019, Indian Finance Ministers used a hardbound briefcase.
Hardbound Briefcase
In 2019, FM Nirmala Sitharaman replaced the briefcase with a bahi khata.
Bahi KhataEra
Since 2021, the Union Budgethas been presented in adigital format.
Paperless Budget
Budget documents are available on the ‘Union Budget Mobile App’ post-speech.