To Listen to this News click on the button below the image
New Delhi: Union Finance Minister Nirmala Sitharaman breaks British-era tradition ahead of her first Budget 2019. She ended the usual practice of keeping budget documents in a red suitcase; instead, she carried a red packet with the national emblem wrapped with a ribbon.
The picture with this unique red packet immediately went viral on social media.
Chief Economic Advisor Krishnamurthy Subramanian said that the move was in sync with the Indian tradition. He said that the symbolic change made by the Finance Minister was a depiction of the “departure from slavery”.
Speaking about the history of the suitcase, it was introduced way back in 1860 when the then Chancellor of the Exchequer Chief of Britain, William Ewart Gladstone, brought financial documents in the same.