Published 08:23 IST, July 23rd 2024
From Briefcase to Bahi-Khata to Tab: How Budget Presentation Has Changed Over the Years
FM Nirmala Sitharaman will present the Union Budget 2024 today in paperless format; know how the budget presentation has changed from a briefcase to online.
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New Delhi: Union Budget 2024 will be presented in Parliament today, by Finance Minister Nirmala Sitharaman in a paperless format.
Budget Presentation has gone through a transformation - from a briefcase to a bahi-khaata to online. Re all about it…
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Evolution of Budget Presentation
first budget of Independent India was presented was presented by RK Shanmukham Chetty, nation's first Finance Minister, on November 26, 1947 and it was carried in a briefcase.
Years later, it was Nirmala Sitharaman who broke that trition and began carrying budget in form of a ‘bahi-khata’.
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It was incumbent Finance Minister who n changed budget presentation to paperless format.
First Budget Presented in a Briefcase
budget being carried in a briefcase, was a trition which was started by Britishers and later opted by India.
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very first Budget in India was presented during British era, by a Scottish economist who worked with East India Company - James Wilson. red briefcase was used with monogram of Queen.
RK Shanmukham Chetty presented first Budget in India, and carried it in a briefcase.
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‘Bahi-Khata’ Introduced by Nirmala Sitharaman
Breaking years-old trition, in her first budget presentation, Finance Minister Nirmala Sitharaman decided to do away with briefcase and introduced ‘bahi-khata’.
A tritional register of accounts and finances in India, ‘bahi-khata’ was a symbol of embracing Indian tritions and get rid of colonial way of presenting budget in a briefcase.
In 2019 and 2020, FM Nirmala Sitharaman presented Budget in form of a ‘bahi-khata’.
When Budget Presentation Went Online
After two years of presenting budget in form of a ‘bahi-khata’, Nirmala Sitharaman brought about anor huge change in budget presentation.
Finance Minister decided to go ‘online’, to stand by country's efforts towards a ‘Digital India’.
Budget being presented in a paperless format has been of great convenience for public as it is easily available and is much more hassle-free.
Finance Minister Nirmala Sitharaman will make history today by presenting her seventh consecutive Budget for 2024-25, surpassing former Prime Minister Morarji Desai's record of six budgets.
08:02 IST, July 23rd 2024