Union Budget Day Tradition: Why Budget Papers Come in a Red Bag
Union Budget: Every year, there's a lot of interest in the budget sessions. Everyone from industrialists to the general public eagerly waits to see how the government's decisions will affect them.
Why does the red bag come to mind when thinking of the budget?
Every year, the Finance Minister carries a red bag to Parliament on budget day. It's a symbol of the budget. But what's the story behind this tradition? Let's find out.
How did the connection between the budget and the color red begin?
The red budget bag tradition comes from British rule. In Britain, red covers were used for key documents, symbolizing authority. The British brought this practice to India.
How long has this tradition been going on?
India's first budget was in 1860 under British rule. The tradition of using a red cover or briefcase for budget papers started then and continued even after independence.
What does the color red signify in the budget?
Red wasn't chosen for looks. It symbolizes responsibility, power, and seriousness. It shows that the decisions in the budget will have a major impact on the nation's future.
The tradition changed in 2019.
In 2019, the tradition changed. The Finance Minister used a red folder instead of a briefcase, signaling a move from colonial symbols. The historical link to red remains.
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