Budget 2024: Why Budget Briefcase, iPad Bag or Ledger Red In Color?

On February 1, 2024, the country's Finance Minister Nirmala Sitharaman is going to present the budget for the 6th time. Every year, through the budget, the Finance Minister presents the accounts of the financial year.

However, the briefcase used to keep budget documents has been changing every year and now that bag has turned into a ledger. But do you know why the budget bag is always red in color???

Red color was used for the first time in the budget briefcase in the year 1860. This briefcase was made by British Chancellor Gladstone to keep the budget documents.??

He had covered the box with red colored leather and had the British Queen's monogram printed on it. Then this budget briefcase was called Gladston Box.??

After this, whenever the budget briefcase was used, its color was kept red. Actually it is believed that red color attracts people's attention.??

However, with time, new experiments continued with the budget briefcase. In 1958, India's first Prime Minister Jawahar Lal Nehru used a black briefcase instead of red during the budget.??

In 1991, Manmohan Singh switched the budget briefcase to red; in 1998-99, Yashwant Singh opted for black with leather, diverging from tradition.

When Nirmala Sitharaman became the Finance Minister in the second term of the Modi government, she broke the tradition of briefcase and bag and used a red colored bag for her Ipad or ledger.?