Motilal Oswal
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Motilal Oswal

Budget 2019: Here's why finance ministers flash "briefcase" before budget

Updated : February 01, 2019 12:00 PM IST

The interim finance minister Piyush Goyal presented the interim budget on Friday in what is regarded as the sixth and final budget presentation of the Narendra Modi-led government before the nation goes for the Lok Sabha elections due in May.

As has been the tradition since the independence of the country, the finance minister posses with a “briefcase” outside the parliament for photographers before delivering his budget speech.

The tradition began when the country’s first finance minister R K Shanmukham Chetty presented the country’s first ever budget in the parliament on November 26, 1947.

Watch the video to know more.
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