Budget 2019: Nirmala Sitharaman Explains Her Bahi Khata. We'll Use iPad, Says Congress
Finance Minister Nirmala Sitharaman, who on Friday ditched a colonial-era tradition of carrying Budget papers in a briefcase, said she thought it was "high time to move on from the British hangover." In a first, Nirmala Sitharaman introduced the Budget bahi khata (ledger) or red cloth folder enclosed with a string and emblazoned with the national emblem.
Predictably, she was asked about it in her press conference after her Budget speech in parliament.
"Why did I not use a leather bag to carry budget documents? I thought it is high time we move on from the British hangover, to do something on our own. And well, easier for me to carry too," Nirmala Sitharaman told reporters.
One of her predecessors, P Chidambaram of the Congress, scoffed at her choice. "A Congress finance minister in future will bring an iPad," the former Finance Minister said, asked to comment on the Bahi Khata.

Nirmala Sitharaman had also tweaked another tradition before the Budget Session. During the "halwa ceremony" - a custom for finance ministers and officials -- she untied the red ribbon instead of cutting it; officials said she believed cutting a ribbon is not considered auspicious.
By definition, the Budget is linked to a "leather bag". The word "Budget" originates from the French "bougette" or leather bag.
The "budget case" tradition started in the 18th century, when the Chancellor of the Exchequer or Britain's budget chief was asked to 'open the budget' while presenting his annual statement.
In 1860, then British budget chief William E. Gladstone, carried his papers in a red suitcase with the Queen's monogram in gold. He went on to become prime minister. The same bag was used by several governments.
Down the years, India's finance ministers have carried briefcases that were red, black, tan or brown.
A past Finance Minister in the 1950s, TT Krishnamachari, carried something that looked like a file bag. Jawaharlal Nehru carried a black briefcase.
Earlier this year, then Finance Minister Piyush Goyal had carried a red briefcase before presenting the Interim Budget.
Former prime minister Manmohan Singh, as the finance minister who delivered the iconic 1991 proposals, carried a black bag. Pranab Mukherjee, as Manmohan Singh's finance minister, used a red briefcase similar to the Gladstone case of Britain.
Â
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.