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Treasurer Jim Chalmers carries bands from Baps Swaminarayan Temple Kingston Brisbane

When federal treasurer Jim Chalmers came to Wednesday’s press conference to explain the nation’s latest inflation numbers, he was wearing five wristbands on his right hand.

Visible under the cuff of his white short and dark suit jacket as he held out his right hand to make a point about the state of the country’s economy, Mr. Chalmers wore four pale pink and one dark pink bracelet.

Asked by Daily Mail Australia where the bands came from and their importance, Mr Chalmers explained that they are of cultural as well as personal significance.

Four are nadachadis, which are considered “sacred” threads in the Hindu religion that are usually blessed and tied for protection during prayer.

Mr Chalmer’s nadachadis come from his local Hindu temple, Baps Swaminarayan Temple in Kingston in his rankin electorate in Brisbane, which he has proudly held since 2013.

When federal treasurer Jim Chalmers came to Wednesday’s press conference to explain the nation’s latest inflation numbers, he was wearing five wristbands on his right hand

Four of the wristbands have cultural significance, while one is a gift from Mr Chalmer's daughter, Annabel, above in his arms in Parliament with his wife Laura (left) after submitting his first budget last October

Four of the wristbands have cultural significance, while one is a gift from Mr Chalmer's daughter, Annabel, above in his arms in Parliament with his wife Laura (left) after submitting his first budget last October

Four of the wristbands have cultural significance, while one is a gift from Mr Chalmer’s daughter, Annabel, above in his arms in Parliament with his wife Laura (left) after submitting his first budget last October

Four of the wristbands are nadachadis, which are considered 'sacred' threads in the Hindu religion and were blessed by the swami at Mr Chalmer's local Baps Swaminarayan Temple in Kingston in his Brisbane electorate

Four of the wristbands are nadachadis, which are considered 'sacred' threads in the Hindu religion and were blessed by the swami at Mr Chalmer's local Baps Swaminarayan Temple in Kingston in his Brisbane electorate

Four of the wristbands are nadachadis, which are considered ‘sacred’ threads in the Hindu religion and were blessed by the swami at Mr Chalmer’s local Baps Swaminarayan Temple in Kingston in his Brisbane electorate

The treasurer said the wristbands were gifts “blessed by the swami and I wear them because they are a reminder of all the different community groups in my electorate.”

The fifth, a dark pink band sandwiched between two pairs of nadichadis, is one of his daughter Annabel’s headbands.

“Because she likes to see me on TV with one of her headbands on my wrist, or something she made me,” he said.

Despite a humiliating personal diatribe from now ex-treasurer Josh Frydenberg two years ago that deeply offended Indian and Hindu Australians, Mr Chalmers is not a Hindu and his connections to that community are cultural.

Mr. Chalmers – also known as Dr. Chalmers because of his doctorate in political science – has a Catholic background.

His electorate includes Logan City, the same community he grew up in as a child.

Jim and Laura Chalmers have three children, Annabel, Jack and Leo (above) and his Rankin electorate includes Logan City, where he grew up

Jim and Laura Chalmers have three children, Annabel, Jack and Leo (above) and his Rankin electorate includes Logan City, where he grew up

Jim and Laura Chalmers have three children, Annabel, Jack and Leo (above) and his Rankin electorate includes Logan City, where he grew up

Laura Chalmer (above, second right, with children Leo and Annabel as husband Jim delivered his first budget last year) is a former staffer of Julia Gillard and Penny Wong

Laura Chalmer (above, second right, with children Leo and Annabel as husband Jim delivered his first budget last year) is a former staffer of Julia Gillard and Penny Wong

Laura Chalmer (above, second right, with children Leo and Annabel as husband Jim delivered his first budget last year) is a former staffer of Julia Gillard and Penny Wong

He and his wife Laura, a former staff member of Julia Gillard and Penny Wong, have three children, Leo, Annabel and Jack.

He was shadow finance minister from 2016 to 2019 and then shadow treasurer from 2019 to 2022. He took office in May last year when Scott Morrison’s government lost the election and Josh Frydenberg lost his seat.

Just three months earlier, Mr Frydenberg inspired laughter among Liberal leaders during Question Time when he mocked the idea of ​​the then opposition to possibly pursue a ‘welfare budget’ in New Zealand.

Frydenberg used his hands to mimic the closed palm gesture of meditation and said the Labor Party was “inspired by their spiritual leader, the member of Rankin.”

“I thought yesterday, as a member of Rankin, [came] into the room, fresh from his Ashram deep in the Himalayan mountains… into the room barefoot, robes billowing, incense burning, beads in one hand, welfare budget in the other,” said Mr. Frydenberg.

‘I changed my mind [what] yoga position the member would take for Rankin… to provide the first welfare budget?”

Josh Frydenberg delivered a Question Time speech mocking Jim Chalmers for his Hindu spirituality, which angered and hurt Indian Australians.  Three months later he lost his seat

Josh Frydenberg delivered a Question Time speech mocking Jim Chalmers for his Hindu spirituality, which angered and hurt Indian Australians.  Three months later he lost his seat

Josh Frydenberg delivered a Question Time speech mocking Jim Chalmers for his Hindu spirituality, which angered and hurt Indian Australians. Three months later he lost his seat

Mr Frydenberg then mentioned a series of yoga poses and images from inside the House of Representatives show Scott Morrison, Nationals leader Michael McCormack and other senior Coalition figures laughing.

Australian Hindu leaders immediately demanded an apology from Mr Frydenberg.”

“Why did he try to be demeaning to Hindus in an attempt to go against the opposition? Would he dare [do that] with other religions? I condemn his behavior,” Ram Ramaswamy told SBS News.

Hindus who are naturally aligned with the liberals will have to reconsider our alliance. Let these politicians understand that they cannot take a peace-loving community for granted.”

On May 21 last year, Anthony Albanese was elected as the new Prime Minister of Australia. though the ousted Josh Frydenberg did not admit to losing his own electorate on Kooyong for another two days.

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