Source link : https://earth-news.info/business/budget-2024-fm-nirmala-sitharaman-attends-customary-halwa-ceremony-lock-in-period-begins-why-is-it-important/
In the run-up to the Union Budget 2024, Union Finance Minister Nirmala Sitharaman distributed halwa to members of Budget Press and other finance ministry officials. A look at the budget ritual.
The ’halwa ceremony’ was also attended by Minister of State for Finance Pankaj Chaudhary and other senior ministry officials. Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23,
In the run-up to the presentation of Union Budget 2024 on July 23, Union Finance Minister Nirmala Sitharaman on Tuesday distributed halwa among the members of the Budget press and the finance ministry officials in what is known as the ‘halwa ceremony’.
The customary halwa ceremony was also attended by Minister of State (MoS) Finance Pankaj Chaudhary, along with the Finance Ministry’s secretaries, chairmen of the Income Tax Department and Central Board of Indirect Taxes & Customs, and officials of the Finance Ministry and North Block Budget Press.
Sitharaman will present the Union Budget 2024-25 on July 23, 2024.
As part of the ceremony, the finance minister on Tuesday took a tour of the Budget Press and reviewed the preparations, besides extending her best wishes to the officials concerned.
What is a halwa ceremony?
It is a customary ceremony which entails the distribution of halwa (a dessert) and is performed every year before the ‘lock-in’ process of officials involved in the Budget preparation begins.
As per tradition, halwa is prepared in a large pan before it’s distributed by the finance minister among the staff of the Budget press and officials of the ministry.
This ceremony marks the beginning of printing Budget documents, and the officials involved in the Budget preparation are ‘locked in’ until the finance minister presents the much-awaited Budget in Parliament.
The final stage of the Budget preparation process for Union Budget 2024-25 commenced with the customary Halwa ceremony in the presence of Union Minister for Finance and Corporate Affairs Smt. @nsitharaman, in New Delhi, today. (1/4) pic.twitter.com/X1ywbQx70A
— Ministry of Finance (@FinMinIndia) July 16, 2024
Get Budget documents on the mobile app
The smart phone users will be able to access the Budget documents on the Union Budget Mobile app. It’s the official Budget app which is available in English and Hindi on both the Android and Apple OS platforms. However, the documents will be accessible only after the end of the Budget speech in Parliament on July 23.
The Budget documents which will be available on the app include the Annual Financial Statement (commonly referred to as Budget), Demand for Grants (DG), and Finance Bill.
From Members of Parliament to the members of the public — anyone will be able to access Budget documents on the mobile app.
Catch all the
Business News,
Market News,
Breaking News
Events and
Latest News
Updates on Live Mint. Download The
Mint News App
to get Daily Market Updates.
MoreLess
First Published:
16 Jul 2024, 10:12 PM IST
HomeNewsIndiaBudget 2024: FM Nirmala Sitharaman attends customary halwa ceremony, ‘lock-in’ period begins —why is it important?
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : LiveMint – https://www.livemint.com/news/india/budget-2024-fm-nirmala-sitharaman-attends-customary-halwa-ceremony-lock-in-period-begins-why-is-it-important-11721141910554.html
Author : earthnews
Publish date : 2024-07-16 17:49:57
Copyright for syndicated content belongs to the linked Source.