Why is the budget summary in red?
Finance Minister Nirmala Sitharaman will present her seventh budget in Parliament on July 23, 2024. On the budget day, every finance minister carries a red-colored briefcase or handbag in his hand. However, during 2019, Sitharaman broke the writing tradition and chose red-colored ledgers. Whereas in the year 2021, she used a tablet but it was also covered with a red cloth. Have you ever wondered why this bag is red in color or why it is covered with a red-colored cloth? Why is no other color used in this and how long has this tradition been going on? If you too have similar questions in your mind, then today we will bring you some interesting things related to the budget.
There is a connection with the British.
The red colour of a briefcase or economic bag is associated with the British. According to experts, in 1860, British Chancellor Gladstone first presented a red leather briefcase with the Queen’s monogram, known as the Gladstone Box. There are two reasons for choosing the red colour: firstly, it was very important in the Saxe-Coburg-Gotha army, so the red-coloured briefcase was introduced. The second reason is that at the end of the 16th century, Queen Elizabeth’s representative gave the Spanish ambassador a red briefcase filled with blood sausage, a sweet dish, thus starting the tradition of using the red colour.
The color red is also important for these reasons.
Budget day is a special day and many important announcements are made on it, hence the bag that contains the documents related to the budget is also special. That is why it is presented in a briefcase or bag of an attractive looking colour. Since the colour red attracts attention, this colour is considered a better choice for important announcements. Apart from this, the colour red is also considered a symbol of Indian tradition. Red cloth is generally used to cover religious texts, so this colour holds special importance in the budget announcement.
I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,
