Budget 2025 Live Updates: A flashback to the ‘budget and briefcase’ tradition
Budget 2025 Live Updates: India’s first Finance Minister, RK Shanmukham Chetty, presented the inaugural Budget in 1947, carrying a leather portfolio.
In the 1950s, TT Krishnamachari opted for a file bag.
Jawaharlal Nehru was seen with a black briefcase.
Manmohan Singh, who presented the landmark 1991 economic liberalisation proposals, also carried a black bag.
Pranab Mukherjee used a red briefcase reminiscent of the iconic Gladstone case from Britain.
Piyush Goyal, who presented the interim Budget in February 2019, was the last Finance Minister to carry a briefcase, choosing a red one for the occasion.
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