Interim Budget 2024: Watch FM Nirmala Sitharaman Take Part In Halwa Ceremony
With just a handful of days left for interim budget 2024 to take place on February 1st, the Halwa ceremony was held in the presence of Finance Minister Nirmala Sitharaman.
With just a handful of days left for interim budget 2024 to take place on February 1st, the Halwa ceremony was held in the presence of Finance Minister Nirmala Sitharaman.
When Was Halwa Ceremony Held?
halwa ceremony 2024/twitter
The customary Halwa ceremony was held on the evening of 24th January 2024. It was held in Finance Ministry's HQ at North Block, in the presence of FM Sitharaman and Union Minister of State for Finance Dr. Bhagwat Kisanrao Karad. The Finance Ministry confirmed that just like the previous three budgets, Interim Union Budget 2024 will also be delivered in paperless form.
? 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.
¡ª Ministry of Finance (@FinMinIndia) January 24, 2024
? Like the previous three full Union Budgets, Interim Union Budget 2024¡ pic.twitter.com/8vo1Zi2juK
Some more glimpses of the #HalwaCeremony2024 at the Budget Press in North Block, New Delhi. (2/2) pic.twitter.com/DDb9abxQOk
¡ª Ministry of Finance (@FinMinIndia) January 24, 2024
Also Read;Meet Nirmala Sitharaman's Team Behind Interim Budget 2024
Why Does The Halwa Ceremony Take Place?
halwa ceremony budget 2024/twitter
We all know that it's customary in many parts of India to begin a big or auspicious occasions with sweets, right. Similar is the case with Budget. Ahead of the union budget presentation, the Halwa ceremony takes place, in which the Finance Minister also shows gratitude to everyone who put in a great deal of efforts and hard work to prepare the Budget. The Halwa ceremony also marks the final stage of budget preparation process.
Once the 'halwa' is served to all the staff of the finance ministry, the ceremony initiates the 'lock in' and printing of budget documents.
#WATCH | Delhi | The Halwa ceremony, marking the final stage of the Budget preparation process for Interim Union Budget 2024, was held in North Block, today, in the presence of Union Finance & Corporate Affairs Minister Nirmala Sitharaman and Union Minister of State for Finance¡ pic.twitter.com/wjoyI5QqQ3
¡ª ANI (@ANI) January 24, 2024
What Is The 'Lock In Period' That Has Started After Halwa Ceremony?
Interim Budget 2024 halwa ceremony/pti
Right after Halwa ceremony gets held, the "lock-in" period, which is a part of the Union Budget process,begins. The lock-in period is observed to maintain the secrecy of upcoming budget, aimed to prevent any information leakage before the Finance Minister/worth/news/ahead-of-budget-2024-heres-the-journey-of-indias-finance-minister-nirmala-sitharaman-625920.html presents the Union budget in the Parliament on February 1. So, after the Halwa ceremony, not only does the Budget documents printing process begins, but the ceremony is serves as a formal ¡®send-off¡¯ for the Finance ministry officials and staff who were engaged in the budget's preparation.
These top officials have now entered the ¡®lock-in¡¯ period, in which they will be isolating themselves within the Finance Ministry premises to preserve the confidentiality about the budget until it gets presented by FM Sitharaman on 1st February.
What Is The Date & Time For Interim Budget 2024?
The Interim Union Budget 2024 will be presented on 1st February, 2024 at 11 am by FM Nirmala Sitharaman. You can watch the live presentation of interim budget 2024 on Sansad TV and Doordarshan, and also their YouTube channels. The PIB (Press Information Bureau) will also stream the Interim Union Budget 2024 on their online platforms.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
