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Nirmala Sitharaman: India finance minister ditches 'colonial' budget briefcase Nirmala Sitharaman: India finance minister ditches 'colonial' budget briefcase
(32 minutes later)
India's finance minister Nirmala Sitharaman chose to ditch the "colonial" briefcase while presenting her maiden budget to parliament. India's Finance Minister Nirmala Sitharaman chose to ditch the "colonial" briefcase while presenting her maiden budget to parliament.
Ms Sitharaman, instead, carried a bright red traditional ledger known as bahi-khata in Hindi.Ms Sitharaman, instead, carried a bright red traditional ledger known as bahi-khata in Hindi.
Her chief economic adviser Krishnamurthy Subramanian said it symbolised a "departure from the slavery of western thought".Her chief economic adviser Krishnamurthy Subramanian said it symbolised a "departure from the slavery of western thought".
This is the first budget of Prime Minister Narendra Modi's second term.This is the first budget of Prime Minister Narendra Modi's second term.
Ms Sitharaman, who was previously India's defence minister, has announced several measures including housing boost for the middle-class, incentives for new start-ups and measures to improve infrastructure. Ms Sitharaman, who was previously India's defence minister, has announced several measures including a housing boost for the middle-class, incentives for new start-ups and measures to improve infrastructure.
She is the first female finance minister after Indira Gandhi who also held the portfolio in 1970-71 while she was prime minister.She is the first female finance minister after Indira Gandhi who also held the portfolio in 1970-71 while she was prime minister.
The parliamentary speaker, Om Birla, made it a point to congratulate her as the first "full-time female finance minister" after she finished the speech.The parliamentary speaker, Om Birla, made it a point to congratulate her as the first "full-time female finance minister" after she finished the speech.
However, her bold choice of budget-carrying accessory, has caused a lot of chatter on Indian social media. However, her bold choice of budget-carrying accessory has caused a lot of chatter on Indian social media.
While there were many who lauded her commitment to Indian tradition, others ridiculed it, asking questions like why she drove to parliament in a vehicle instead of travelling there by bullock cart and asking if her speech was printed on palm leaves.While there were many who lauded her commitment to Indian tradition, others ridiculed it, asking questions like why she drove to parliament in a vehicle instead of travelling there by bullock cart and asking if her speech was printed on palm leaves.
The budget briefcase, which was once described by writer Samanth Subramanian as a "giant colonial holdover, harking back to a similar budget speech that has been delivered by Britain's Chancellor of the Exchequer for many decades".The budget briefcase, which was once described by writer Samanth Subramanian as a "giant colonial holdover, harking back to a similar budget speech that has been delivered by Britain's Chancellor of the Exchequer for many decades".
However, Ms Sitharaman is not the first finance minister to depart from the briefcase.However, Ms Sitharaman is not the first finance minister to depart from the briefcase.
The history of Britain's budget briefcase
India's first finance minister RK Shanmukham Chetty also carried his budget speech in a leather satchel although to be fair, it looked very much like a briefcase.India's first finance minister RK Shanmukham Chetty also carried his budget speech in a leather satchel although to be fair, it looked very much like a briefcase.
The word budget comes from an old French word 'bougette' meaning little bag. It was customary to bring the statement on financial policy to the House of Commons in a leather bag. The modern equivalent of the bag is the red despatch box or Budget box.
Click here to know more about the history of the budget bag.