Union budget 2024: From ‘Panchayat’ to ‘Uday Shetty’, middle-class memes dominate social media

Finance Minister Nirmala Sitharaman is set to present the first Union Budget of the third term of the Modi government today. Anticipation is high, with social media buzzing with memes ranging from ‘Panchayat’s’ pradhan ji to Uday Shetty from ‘Welcome’ and various middle-class scenarios. Netizens are eagerly awaiting potential tax incentives from the newly formed government.

Here's how internet has reacted:

The Financial Plan for 2024 is anticipated to outline the strategy for turning India into a 'Vikas Bharat' by 2047. The Economic Survey before the Budget, presented by Sitharaman in the Lok Sabha on Monday, proposed a moderate growth prediction of 6.5 to 7 percent for the current financial year.

FM Nirmala Sitharaman has arrived at the Finance Ministry in a white and pink saree.

Before unveiling the Union Budget for 2024-25 to the Parliament, Finance Minister Nirmala Sitharaman exited the finance ministry carrying a tablet adorned with a red "bahi-khata" sleeve and the national emblem.

From the classic briefcase to a "bahi-khata" and now a tablet, the budget document has transitioned to being paperless over time.

Dressed in a white silk saree adorned with a violet edge, Ms Sitharaman and her crew posed in a classic shot next to her office before they proceeded to the Rashtrapati Bhawan to discuss matters with the President.

In 2019, Ms. Sitharaman deviated from the customary tradition of using a briefcase for her Budget presentation, opting for a 'bahi khata,' a red-colored Indian accounting ledger, symbolizing a move to discard the colonial connotations tied to the budget debut.

The term 'Budget' is derived from the French term 'bougette', which refers to a leather briefcase. This custom of using a "budget case" dates back to the 18th century, beginning with the Chancellor of the Exchequer or the finance leader of the country, who was responsible for revealing the details of the budget during his annual presentation.

In 2021, the Minister of Finance unveiled the budget using a cutting-edge tablet crafted in India.

This presentation marks the seventh time the Finance Minister is delivering the budget without the use of paper, alongside a 13th consecutive fiscal plan under the Modi administration since its inception in 2014. The upcoming budget is expected to highlight adjustments in the tax revenue framework and measures to enhance India's business climate.

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