Every year just before the highly anticipated Union Budget of India, a unique tradition takes place, known as the halwa ceremony.
The halwa ceremony is a customary event organised by the Finance Minister to celebrate the beginning of the budget printing process.
The ceremony is held in the basement of North Block, and this ritual involves the preparation and distribution of ‘halwa’, a traditional Indian dessert.
Following the ceremony, the ‘lock-in’ period begins for all the ministry officials and support staff involved in the budget preparation.
During the lock-in period, all the officials and support staff are required to stay within the premises of the North Block until the Finance Minister presents the budget in the Parliament.
This practice ensures the utmost secrecy and prevents any leaks or premature disclosure of budgetary proposals.
Since 1950, this custom has been strictly followed due to the resignation of the then Finance Minister John Matthai following a budget leak.
This ceremony is more than just a ritual, it is a symbol of dedication, hard work and secrecy that goes into the preparation of the Union Budget.