Significance of Halwa Ceremony in Budget 2024- Budget Announcement Tradition
The budget tradition, the Halwa ceremony, marking the formal printing of the Indian Union Budget, took place with pomp and grandeur.
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"Unity in diversity" isn't simply a phrase; it's a metaphor for a country like India, which is extraordinarily rich in traditions, culture, and legacy.
Have you ever heard of the Halwa ceremony? Not in our functions like weddings and birthdays, though!
The Halwa ceremony in the Indian Government is a ritual followed by the financial ministry of India that takes place 9-10 days before the budget is presented in the parliament. The ceremony marks the beginning of the printing process of the final union budget. Budget 2024 Halwa ceremony details reveal that the ceremony was hosted and attended by the finance minister Nirmala Sitharaman, MoS finance Bhagwat Kisanrao Karad, and the officials involved in the process of budget preparation in the north block of the finance ministry on Wednesday, 25th of January.
Why is Halwa made before the budget?
We all know that budget preparation is a strenuous and lengthy process that takes months of research and planning. Compiling the budget requires the invaluable gift of passion, commitment, and a treasure trove of knowledge; hats off to Niramala Sitharaman and her coveted team. The preparatory work begins in August/September for budget announcement traditions and the final announcement, and the final print will be released in February.
Halwa, the famous Indian dessert, is prepared in a massive dish and served to the finance ministry members. The finance minister stirs the dish and offers it to her team members, recognizing their hard work and dedication. The pre-budget Halwa ceremony initiates the isolation of the team involved in budget preparation for 9-10 days before the budget is announced. The north block of the finance ministry, where a dedicated press is situated, is completely sealed off from the public eye. There had been an unwarranted incident where the budget was leaked in 1950. To prevent repetition, stringent security measures engulf the north block of the finance ministry following the Halwa ceremony, which is a behind-the-scenes budget ceremony.
