Union Budget 2025-26: Traditional Halwa Ceremony Held

The Halwa Ceremony is a revered tradition that marks the conclusion of the compilation of the Union Budget. This year, it took place on January 24, 2025, at the North Block in New Delhi. Presided over by Finance Minister Nirmala Sitharaman, this event signifies the onset of the final stage of Budget preparations.

What is the Halwa Ceremony?

The Halwa Ceremony is a customary ritual where a traditional dessert, "Halwa," is prepared and distributed among the Ministry of Finance staff. This gesture recognizes the immense effort and dedication of the entire team involved in Budget preparation.

Following this ceremony, officials directly associated with the Budget enter a "lock-in" phase, ensuring confidentiality until the Budget is presented in Parliament.

Why is the Union Budget Important?

The Union Budget outlines the Government of India's financial plans for the fiscal year. It includes:

  1. Revenue and expenditure allocations.
  2. Tax policies and reforms.
  3. Strategies for economic growth.

It directly impacts individual taxpayers, businesses, and the overall economy.

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