Budget 2021: Who presented the most frequent budget in India, what is the story of the budget bag, the history of the budget in India, know all the untouched aspects
Budget 2021 is expected to be presented on February 1. The country’s Finance Minister Nirmala Sitharaman will present the budget. The team does great homework to prepare a budget. A large team chaired by the Finance Secretary meets this budget day and night. There are many interesting stories about the budget. Who presented the budget most times in the country? Whose name is this record? Along with this, we will also tell about the history of the briefcase which appears in the hand of the Finance Minister. So let’s know the stories of the budget?
Most frequently budget: Morarji Desai has presented the budget 10 times in the country, while P. Chidambaram’s name comes in second place. He presented the budget for the country nine times. After this, Pranab Mukherjee presented the budget eight times. Then there is Manmohan Singh, who presented the budget six times. Yashwant Sinha, a minister in the Atal Bihari government, has presented the budget six times so far.
The Tale of the Budget Bag: The tradition of bringing briefcases to the budget was adopted from Britain. Gladstone boxes were used there. The red suitcase was used by British Budget Chief William E. Gladstone in 1860. It used a gold-colored queen monogram. This suitcase brought a bundle of budgeted papers.
In Britain, briefcases transfer from one finance minister to another. There is an exception in India. The Finance Minister uses different briefcases here. The condition of the original Gladstone bag has deteriorated significantly. So he retired from British service in the year 2010. The budget briefcase came into prominence because Gladstone’s speech was very long and effective. They needed a gift case to carry the papers related to the speech.
Budget in India: In India, on the day of the Budget, the Finance Minister shows the budget bag in front of Parliament. Whereas in Britain the Treasury Chancellor at 11 Downing Street gets photographed with the briefcase before the budget speech. In 1947, for the first time, the country’s first finance minister RK Shanmukham Chetty used a leather briefcase while presenting the budget. From 1970 to 2019, the Finance Minister used a hardbound briefcase, which was different from the UK briefcase.
In 2019, Finance Minister Nirmala Sitharaman started using the ledger for budget papers instead of briefcases, abandoning the colonial tradition.
