Union Budget 2024-25: ‘Halwa’ Ceremony Signals Start of Printing Process

Finance Minister Nirmala Sitharaman took part in the ‘Halwa’ ceremony on July 16, 2024, marking the final stage of the preparation for the Union Budget 2024-25. This annual event was held at the Finance Ministry headquarters in North Block, Delhi. Let’s understand the Purpose of the ‘Halwa Ceremony’ Before Each Budget.

The Significance of the ‘Halwa’ Ceremony

The ‘Halwa ceremony’ is a longstanding tradition in the Finance Ministry, typically held 9 to 10 days before the Union Budget is presented in Parliament. This event signals the start of the budget printing process. During the ceremony, a popular Indian dessert called halwa is prepared in a large kadhai (a type of cooking pot) and served to the ministry staff. The Finance Minister initiates the ceremony by stirring the kadhai and serving the sweets to the officials, acknowledging their hard work in preparing the budget.

Initiation of the ‘Lock-In’ Period

What makes the ‘Halwa ceremony’ particularly significant is the commencement of a ‘lock-in’ period for ministry staff to prevent budget leaks. From the start of the ceremony until the budget is officially presented, officials involved in the preparation and printing of the budget are kept in isolation in the North Block basement. This area is transformed into a secure zone, ensuring complete secrecy. During this period, staff members are completely cut off from the outside world, with no direct communication allowed. In case of emergencies, their families can leave messages on a designated phone number.

Sitharaman’s Record-Breaking Sixth Budget Presentation

Nirmala Sitharaman is set to present her sixth budget, surpassing the record of former Prime Minister Morarji Desai, who presented five annual budgets and one interim budget between 1959 and 1964. Similar to recent years, the Union Budget 2024 will be delivered in a paperless format. This move towards digitalisation reflects the government’s commitment to modernising and streamlining the budget presentation process.

Conclusion

The ‘Halwa ceremony’ underscores the diligent and secretive process behind budget preparation, while also honoring the efforts of the finance ministry staff. This blend of tradition and practicality helps maintain the integrity and confidentiality of the budget process. As Nirmala Sitharaman prepares to deliver her record-breaking sixth budget, the ceremony marks a crucial step in the journey towards presenting the Union Budget 2024-25.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.