Halwa Ceremony 2024: it is a ceremony conducted before the union budget every year. Honorable Finance Minister Nirmala Sitharaman kicks off with the ceremony as a symbol of recognition for all efforts done during the preparation of the union budget
Union Budget: Halwa Ceremony History
Traditionally, the Finance Ministry holds a ‘halwa ceremony’ every year, about nine to 10 days before the presentation of the Union Budget in Parliament. This ceremony marks the beginning of the process of printing the Union Budget. The ceremony takes place in the basement of the Treasury Department (North Block) in central Delhi, which has its printing press.
A popular Indian dessert is prepared in a giant kadai and served to Treasury officials. The finance minister gives the go-ahead by stirring the kadai and offering sweets to the officials. It is also a gesture of recognition for the efforts of all members in preparing the union budget. It is given and offered by the minister overhand as a symbol of respect to other parliament members.
Union Budget: Halwa Ceremony Significance and Purpose
It is conducted at the beginning of the lockdown for all the ministry staff to prevent the crucial information budget and leaks which goes till the submission of the financial report. To prevent secrecy, the North Block will be converted into a fortress for approximately 9-10 days straight. People who are making the report and other staff directly involved will be cut off from the outside world. During an emergency, they can leave messages and details to their family members. As the report needs to be confidential, the lock-in period will happen in the house.
Union Budget: App Launch During Ceremony
Breaking away from the tradition of printing, our finance minister made a decision on how to make the huge budget documents, in an amazing move, the Chancellor of the Exchequer has now launched the ‘Federal Budget Mobile App’ to allow Members of Parliament to easily and anytime access budget documents on their mobile phones. has been launched. One of the proudest moments, as she is the first woman to do it so
This app was launched during the Halwa ceremony marking the beginning of the budget printing exercise. Since the presentation of independent India’s first budget on November 26, 1947, the federal government’s revenue and expenditure reports and finance bills detailing new taxes and other measures for the new fiscal year have not been physically printed.
Union Budget: How to Read The Budget Documents
They have made it online this year with as many as 15 documents, which can be seen and downloaded in the ” Union Budget Mobile App “. This year Ministry has announced a paperless budget. The finance minister turned Swadesi’s ” bhai khata ” into a ” made in India ” tablet during the presentation. As it is printed online, the people of India can download from the app and read the documents as announced by the Ministry of India.
Check Also: Union Budget 2024: Updates and Details
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