Budget 2021 classroom: When FM Nirmala Sitharaman replaced red suitcase with four-fold red cloth

 The echoes are growing stronger for certain expectations from the Union Budget 2021-22 to be presented by Finance Minister Nirmala Sitharaman. Everybody will be glued to their TVs to know if the budget goes beyond the 'Bahi-Khata' or not.  Let’s look at some of the interesting details about the Union Budget

Zee Media Bureau | Jan 31, 2021, 19:21 PM IST

As the whole of India awaits for the big day on February 1, the echoes are growing stronger for certain expectations from the Union Budget 2021-22 to be presented by Finance Minister Nirmala Sitharaman. 

But before that, let’s look at some of the interesting details about the Union Budget:

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Red Cloth

Red Cloth

In 2019, Nirmala Sitharaman had departed from the usual practice of keeping budget documents in a red suitcase. Instead, the Union Finance Minister kept the documents in a four-fold red cloth.

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Nirmala Sitharaman

Nirmala Sitharaman

Nirmala Sitharaman became India's first full-time woman finance minister. It was just in September 2017 that she was appointed the defence minister, marking one of the swiftest ascents in Indian politics — she had joined the BJP only in 2006.

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Red Suitcase

Red Suitcase

The red suitcase was introduced way back in 1860 when the then Chancellor of the Exchequer Chief of Britain, William Ewart Gladstone, brought financial documents in the same.

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Shanmukham Chetty

 Shanmukham Chetty

First Finance Minister of independent India, Shanmukham Chetty, also presented the budget using the same briefcase on November 26, 1947. And the tradition continued till the last Union Budget of the country.

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Krishnamurthy Subramanian

Krishnamurthy Subramanian

Chief Economic Advisor Krishnamurthy Subramanian said that the move was in sync with the Indian tradition and the change made by the Finance Minister was a depiction of the “departure from slavery”. It is called a 'bahi khata.'

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