Final stage of Union Budget 2023-24 commences with Halwa Ceremony



Quick Summary
The final preparations for the Union Budget 2023-24 have officially begun with the traditional Halwa Ceremony. This event signifies the commencement of the 'lock-in' period for budget documents. For the third consecutive year, the budget will be presented in a paperless format on February 1st, 2023, with all essential documents accessible via a bilingual mobile app and the official budget website.

The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North Block, in the presence of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman and Union Ministers of State for Finance Shri Pankaj Chaudhary and Dr. Bhagwat Kisanrao Karad.

A customary Halwa ceremony is performed every year before the "lock-in" process of Budget preparation begins.

Union Budget 2023-24: Halwa Ceremony Marks Final Prep

Like the previous two Union Budgets, Union Budget 2023-24 will also be delivered in paperless form. The Union Budget 2023-24 is to be presented on 1st February, 2023.

All the 14 Union Budget documents, including the Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution, will available on the "Union Budget Mobile App" for hassle-free access of Budget documents by Members of Parliament (MPs) and the general public using the simplest form of digital convenience. It is bilingual (English & Hindi) and will be available on both Android and iOS platforms. The App can also be downloaded from the Union Budget Web Portal (www.indiabudget.gov.in).

The Budget documents will be available on the Mobile App after the completion of the Budget Speech by the Finance Minister in Parliament on 1st February, 2023.

At the Halwa Ceremony, the Union Finance Minister was also accompanied by Dr. T.V. Somanathan, Finance Secretary & Secretary Expenditure; Shri Ajay Seth, Secretary, Economic Affairs; Shri Tuhin Kanta Pandey, Secretary, DIPAM; Shri Sanjay Malhotra, Secretary, Revenue; Dr Anantha V. Nageswaran, Chief Economic Advisor; Shri Nitin Gupta, Chairman, Central Board for Direct taxes (CBDT); Shri Vivek Johri, Chairman, Central Board for Indirect Taxes and Customs (CBIC); and Shri Ashish Vachhani, Additional Secretary (Budget), besides others officers and staff of the Ministry of Finance, involved in the Budget preparation and compilation process, were also present on the occasion.

As part of the ceremony, the Finance Minister also took a tour of the Budget Press and reviewed the preparations besides extending her best wishes to the officials concerned.

FAQ :

The Halwa Ceremony is a traditional event held annually to mark the final stage of the Union Budget preparation process, just before the 'lock-in' period begins.

The Union Budget 2023-24 is scheduled to be presented on February 1st, 2023.

Yes, like the previous two budgets, the Union Budget 2023-24 will be delivered in a paperless format.

All 14 Union Budget documents will be available on the 'Union Budget Mobile App' and the official website (www.indiabudget.gov.in) after the Finance Minister's speech on February 1st, 2023.

Yes, the Union Budget Mobile App is bilingual and available in both English and Hindi.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »

Popular News





CCI Pro



Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details