Budget 2018: Highlights of India's Various Union Budget Documents

Common to all finance ministers is the briefcase that they carry to the Parliament and pose with on the day of the union budget. In fact the word budget is derived from the French word 'bougette', which means a small bag. The practise is actually a colonial tradition which was started by William Ewart Gladstone, the Chancellor of the Exchequer of Great Britain in 1860 when he first carried a red briefcase or a budget box. British Chancellors hand over the same red box to their successors, a practise which is not followed in India. It is understood that the