Finance Minister Nirmala Sitharaman is set to announce an Interim Budget (Interim Budget plan until a new government takes responsibility) on February 1, 2024, in Parliament. The complete budget for the 2024-25 financial year will be presented in July after the new government is formed following the Lok Sabha elections.
As India eagerly awaits the unveiling of the 2024 Budget, a unique tradition marks the final stretch of preparation: the Halwa Ceremony. More than just a sweet treat, the ceremony holds a lot of significance, signifying the beginning of a critical phase in the country's financial journey. Let's take a look into the essence and importance of this age-old ritual. The ceremony marks the beginning of Budget document printing. The process of crafting the budget typically commences approximately six months before the scheduled presentation date.
The Halwa Ceremony is a unique and symbolic tradition that marks the commencement of the printing process of the budget documents in India. It is a significant event that takes place a few days before the presentation of the Union Budget in the Indian Parliament.
What is the Halwa Ceremony?
Some more glimpses of the #HalwaCeremony2024 at the Budget Press in North Block, New Delhi. (2/2) pic.twitter.com/DDb9abxQOk
— Ministry of Finance (@FinMinIndia) January 24, 2024
The Halwa Ceremony typically held 9-10 days before the budget presentation, witnesses the Finance Minister and key finance ministry officials gather in the North Block, New Delhi. The Halwa is prepared in a big kadhai. Once cooked, the Minister distributes the halwa to all participants, marking the commencement of the budget printing process. Halwa, a traditional sweet dish, is prepared and served to the entire staff involved in the budget-making process during this ceremony.
The Finance Minister leads the ceremony, stirring a big khadai filled with Halwa in the basement of the Finance Ministry. This event takes place at North Block in the finance ministry (Central Delhi) and is attended by the Finance Minister and all those involved in the budgetary process.
Halwa Ceremony Importance
👉 Final stage of preparations for #InterimUnionBudget2024 commences with #HalwaCeremony2024 in presence of Union Finance Minister Smt. @nsitharaman, Union Minister of State for Finance Dr. @DrBhagwatKarad.
— Ministry of Finance (@FinMinIndia) January 24, 2024
👉 Like the previous three full Union Budgets, Interim Union Budget 2024… pic.twitter.com/8vo1Zi2juK
The Halwa Ceremony marks the commencement of the budget printing process, signifying a tradition rooted in maintaining secrecy by having ministry staff work in isolation for over a week. This practice, dating back years, aims to safeguard the confidentiality of budget details. Beyond its symbolic significance, the ceremony serves as an expression of gratitude for the dedicated individuals who invested months in the budget preparation. Additionally, it sets the stage for the ‘Lock-In’ period leading up to the actual budget presentation.
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Halwa Ceremony Is Attended By?
The Halwa Ceremony is attended by high-ranking officials from the finance ministry, including Finance Minister Nirmala Sitharaman and other key personnel involved in the budget preparation. The ceremony helps officials feel a strong sense of teamwork as they work hard together to complete the final budget details.
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Image credit: FinMinIndia/ Twitter
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