Indian Union Budget 2021-22: Union Finance Minister Nirmala Sitharaman will present the budget for FY 2021-22 on Monday. This is the third budget of the second term of the Modi government. This budget has become very important due to Corona epidemic and subsequent economic crisis. Finance Minister Nirmala Sitharaman will present the budget through a tab in Parliament 2021-22 this time. This budget tab will replace the traditional ledger account. This tab was seen in a red dress similar to a bookkeeping. The Government of India has a symbol on it. This time, due to the corona virus epidemic, the budget will be completely paperless.
In his first two budgets, he had brought documents in Sitharaman’s red bookkeeping. This bookkeeping was red colored. There was also a symbol of the Government of India on the cloth.
Bookkeeping came in July 2019
For the first time, the copy of the budget of July 2019 appeared in a different style. Every time the budget document where it used to be in a big briefcase. At the same time, in 2019, Nirmala Sitharaman came in front of the media carrying it in a red velvet cloth. There was also a symbol of the Government of India on the cloth. Chief Economic Advisor KV Subramanian had told about this that it is Indian tradition. It symbolizes the emancipation of Western thought. This budget does not account.
What is the story of a suitcase?
India’s budget was first presented in 1860 by the British Chancellor of the Exchequer Chief William Evert Gladston. He was known for giving long speeches. In such a situation, he felt the need of a large suitcase to keep his papers. The practice of long speeches started from here. He brought his papers in this bag. That was when the tradition of this suitcase came into vogue. On these papers, there was a gold monogram of the Queen of Britain. The Queen had given this suitcase to Gladston herself to present the budget. Britain’s Red Gladston budget box was in circulation until 2010. Later this suitcase was so dilapidated that it was kept in the museum and a fresh red leather budget box was used instead.
Color and size changed every year
However, the color and size of India’s budget bags kept changing every year. The British colony has been affected by India’s budget box or suitcase. This tradition of leather bags continued in India even after independence. This tradition of suitcases is inherited by the Government of India. In this red bag of leather, the account of India’s condition and its progress remains closed in this bag.
When India became independent in 1947. Nevertheless, carrying on this tradition of the budget bag, on November 26, 1947, the first Finance Minister of independent India, Shanmukham Shetty, also brought the same suitcase to present the budget. During the 1998–99 budget, Finance Minister Yashwant Sinha brought black leather bags in vogue with straps and buckles, while former PM Manmohan Singh donned a plain black bag during his famous budget in 1991. Gave priority.