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Not the 'budget' of slavery, but the Bahi-Khata (ledger) related to Indian tradition presented

Friday - July 5, 2019 2:08 pm , Category : WTN SPECIAL
Modi Government changes one more tradition!
Modi Government changes one more tradition!

Know why the Modi Government replaces the budget from traditional ledger?

JULY 05 (WTN) - Prime Minister Narendra Modi know for making tough decisions and making changes. In his first term, Prime Minister Modi tool so many decisions which were said quite harsh, so many decisions were taken as change. For example, the demonetization is said to be a harsh decision, and the formation of the NITI Aayog can be said a major change. In this sequence of changes, when Finance Minister Nirmala Sitharaman came to present the union budget, two major changes were seen that time.

The first change was seen by the whole world that the budget of the world's largest democracy was going to present by a woman. It was the first time in Indian Parliamentary history that the budget was presented by a woman finance minister. On the other hand, the second change was noticed when Finance Minister Nirmala Sitharaman came to Parliament to present the budget, the documents of the budget were held in his hand, not in conventional briefcases, but were in red velvety cloths.

As you know, there has been the Indian parliamentary tradition from many years that whenever finance minister comes to present the budget in Parliament, the budget documents are brought in a briefcase. But this time when Finance Minister Nirmala Sitharaman came to present the budget, the budget documents in his hand were not in a conventional briefcase but in red velvet dress. Actually, the tradition of bringing budget documents in a briefcase is coming from the British era, but the Modi Government has ended this tradition of years old.

Actually, the Modi Government says that they are not presenting the budget this time, but they are presenting the country's Bahi-Khata (ledger). The tradition of keeping the financial documents in red cloth has been in India since ancient times. Even today many merchants keep their financial documents in red cloth. The Modi Government adopted this ancient tradition, and Finance Minister Nirmala Sitharaman did not bring the budget document in a briefcase, she wrapped the budget documents in red cloth. In this way the Modi Government has started a new tradition of presenting the Bahi-Khata (ledger) in place of the budget in the country.

The chief economic advisor Krishnamurthy V. Subramanian says that the tradition of Bahi-Khata is an ancient tradition of India. By adopting this tradition, India has got freedom from slavery and western-minded mindset with a briefcase budget. Subramanian clearly said that this is not a budget but its ledger this time. For your information, let you know that the word of budget is made from the French word buzzet, which means a leather bag. That is obviously clear that from this time, the Modi Government has presented the Bahi-Khata (ledger) in term instead of the budget.

In fact, the tradition of saying budget to presenting the financial account of a year of the country was introduced in the year 1733, when the British Prime Minister and Finance Minister Robert Wallpole came to present the financial accounting for the year. At that time, there was a leather bag in his hands, and the documents related to budget were kept in this bag. As the leather bag was called a buzzet in the French language, this is the reason that the process of presenting the financial account of a year of the country is said budget presentation. 

The Britishers also adopted the British tradition in India, and to present the budget till the time of independence, the tradition of bringing the budget documents in leather bag was maintained. Even after independence, the Congress Government kept the tradition of presenting the budget in a leather bag. The country's first finance minister R.K. Shanmukkam Chetti presented the budget for the first time; he also reached the parliament with keeping budget document in a leather bag. This tradition of bringing budget documents in a leather bag continued for years in India.

In the year 1958, Indian first Prime Minister Pandit Jawaharlal Nehru changed the tradition of bringing the budget documents in leather bag, and he came with keeping the documents of budget in a black briefcase. By the year 1991, the tradition of presenting the budget in a black briefcase had remained in the country. But in 1991, the immediate Finance Minister, Dr. Manmohan Singh presented the budget in a red color briefcase. After that, the finance minister used to carry the budget documents in briefcase for years, but the color of briefcase continued to change. On February 1, 2019, when Piyush Goyal presented the interim budget of the Modi Government, he had also brought the budget documents in a red colorful briefcase.

But in first full budget of second term of the Modi government, let you know that the Modi Government changed the old traditions, and presented the budget documents kept in red color cloth by saying good bye to briefcase. As you all know, BJP and Prime Minister Modi are supposed to follow Indian traditions. This time, by bringing the budget documents in red color cloth, and by presenting the country's Bahi-Khata in place of the budget, Modi Government has adopted an ancient tradition of the country. It is the same thing to present a budget, or to Bahi-Khata. But presenting the Bahi-Khata is a pure Indian tradition, by which the Modi Government has changed the tradition of slavery from the time of the old British period.