Finance Minister Nirmala Sitharaman, gearing up to present her sixth budget on February 1, 2024, has moved away from the age-old leather briefcase. Instead, she has embraced a more contemporary approach in recent years—carrying a digital tablet wrapped in a traditional ‘bahi-khata’ style pouch, striking a balance between heritage and innovation.
Since 2021, Nirmala Sitharaman has embraced a paperless budget, presenting it on a tablet while keeping the traditional red cloth for symbolism. By replacing the classic leather briefcase with an iPad or ledger, she introduced a modern touch while signaling a shift away from India’s colonial past. This move highlights efficiency and a seamless blend of tradition with technology.
Origin Of The Red Colour Briefcase
The tradition of the red budget briefcase traces back to British politics, with its roots in the 19th century. In 1860, British Chancellor William Gladstone introduced a red leather briefcase embossed with the Queen’s monogram—later known as the Gladstone Box.
The choice of red is linked to two popular theories. One suggests it was Prince Albert’s preference, as the color matched the coat of arms of his house, Saxe-Coburg-Gotha. Another story dates back to the late 16th century, when a representative of Queen Elizabeth I reportedly presented a red briefcase filled with black puddings to a Spanish ambassador, sparking the tradition.
Beyond its historical significance, red is also known for commanding attention, making it a fitting choice for such an important occasion. The despatch box, officially called a Budget box, often symbolises the Chancellor’s notes and speech during budget presentations.
The tradition of the red budget briefcase dates back to the British era. It was first introduced in 1860 by British Chancellor William Gladstone, who carried a red leather briefcase embossed with the Queen’s monogram.
Red Colour And Hinduism
In Hinduism, red is considered highly auspicious and is known to attract attention. This is one of the reasons why it is prominently used during the budget presentation.
Red is also associated with Maa Lakshmi, the goddess of wealth, symbolizing prosperity, good fortune, and auspicious beginnings. Traditionally, new ventures are often initiated with a red briefcase as a mark of good luck.
Since the budget introduces significant financial decisions and policies, the color red holds special significance. It is believed to carry the blessings of Maa Lakshmi, ensuring prosperity and success throughout the year.
