New Delhi: Ahead of the Union Budget 2023 which will be presented today by Finance Minister Nirmala Sitharaman, a team of finance ministry met President of India Droupadi Murmu.
This year’s Budget holds much significance as this will be the last full Budget before the 2024 parliamentary general elections. This is the Finance Minister’s fifth Budget since 2019.
Since taking charge in 2014, Prime Minister Narendra Modi has ramped up capital spending including on roads and energy, while attracting investors through lower tax rates and labour reforms and offering subsidies to poor households to gain political support.
Fin Min says No to ‘Bahi-Khata’:
Union Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 with a digital device instead of the traditional ‘bahi-khata’ in her hands.
In 2019, the Union Budget was presented in a traditional ‘bahi-khata’ rather than a leather briefcase. It was the first time since independence that any Finance Minister had ‘opted out’ of a briefcase or a hardbound leather bag.
Bahi Khata is the Indian way of managing accounts and keeping a record of bills was done in a ‘bahi-khata’. Traders, merchants, sailors and even small shopkeepers have retained this way of preserving their data.
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