New Delhi: Finance Minister Nirmala Sitharaman will current the Union Finances for the monetary 12 months 2023-24 within the Lok Sabha on February 1. Earlier, the normal ‘Halwa Ceremony’ was organized within the Parliament Home on Thursday to mark the start of the compilation and printing of price range paperwork. Union Finance Minister Nirmala Sitharaman, Union Minister of State for Finance Bhagwat Kishanrao Karad, Pankaj Chowdhary and different senior officers of the Ministry of Finance had been current on the event. The Halwa Ceremony marks the ultimate part of the compilation of the Union Finances. Throughout this, the Finance Minister begins the ceremony by stirring the pudding within the pan after which it’s served among the many workers of the Ministry of Finance in Delhi.
Lock-in after Halwa Ceremony
As per budgetary conference, the compilation and printing of every 12 months’s price range paperwork reaches its ultimate stage, earlier than which the officers concerned in price range making should ‘lock-in’. Instantly after the Halwa Ceremony is held within the Ministry of Finance within the Parliament Home complicated, the officers concerned in price range making are locked to take care of its secrecy. All of them keep locked within the North Block and are available out solely when the price range is introduced within the Lok Sabha.
Halwa Ceremony was postponed final 12 months
Because of the outbreak of Corona epidemic final 12 months, the Halwa Ceremony, which was organized within the conventional manner, was postponed in view of well being and security issues. In response to media stories, just like the budgets of the final two years, this 12 months’s Union Finances 2023 can even be paperless. With the Finance Minister’s speech within the Lok Sabha coming to an finish on February 1, the Union Finances will likely be accessible by way of a cell app on Android and Apple OS platforms.
Union Finances 2023: ‘Halwa Ceremony’ will likely be held in Parliament on Thursday earlier than the price range, know what’s the processThe price range course of began on October 10
In response to media stories, the formal train to arrange the Union Finances for the monetary 12 months 2023-24 had began on October 10 final 12 months itself. The Union Finances to be introduced within the Parliament this 12 months is the final full price range of the second time period of the Modi authorities, as the final elections to the Lok Sabha are to be held within the 12 months 2024. That is why solely an interim price range will likely be introduced within the Parliament in 2024.
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