"BUDGET" -"Halwa Ceremony - Sweet Start to Union Budget (2018-2019) Process"

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I hope all going good...A warm welcome to all in the Blog....

Today i would like to share one of the important topic which effect our Pocket..

My today topic is all about the "Union Budget"

What is "Union Budget"

Union Budget is also known as the "Annual Financial Statement" in the Article 112 in the constitution of India.It's a annual budget which decide the rates and different things in the market basically this budget comes with lot of hope for the Nation.


  • The first Budget of independent India was presented by R.K Shanmukham Chetty on 26 November 1947
  • The Budget of Fiscal Years 1959 to 1968 was presented by Morarji Desai
  • The Budget of financial year 1982 to 1985 were presented by Pranab Mukherjee
  • Rajiv Gandhi presented the Budget for 1987-89
  • N.D. Tiwari presented the Budget for 1988-89
  • Dr.Manmohan Singh presented the Budget for 1991-92
  • Then after that there are different minister who presented the Budget like Yashwant Sinha , Jaswant Singh respectively in the duration of 1993-2011
  • 2012-2013 was presented by Pranab Mukherjee
  • 2014-2015 was presented by P.Chidambaram
  • Then the "Union Budget" from the year 2014 to till now it will be presented by Arun Jaitley

Before presenting the "Union Budget" there is a tradition of "Halwa Ceremony".The ceremony takes place in the presence of the Finance Minister (Arun Jaitley).From this ceremony the inauguration of the formal printing of different documents relating to the Union Budget for 2018-2019.

Some Points of "Halwa Ceremony"

  • Finance Minister Arun Jatiley performed the traditional "Halwa Ceremony" to mark the launch of formal printing of documents relating to the Union Budget 2018-2019
  • The Finance Minister is scheduled to present the last Full Budget of the current government on February 1
  • Its only for the staff of Finance Ministery
  • After the "Halwa" is prepared in a large kadhai (wok) & served to the staff officials & support staff directly associated with the Budget making & Printing process are required to stay in the ministry & remain cut off from their families till 1 Februrary
  • Basically "Union Budget" is presented on the last working day of February but this time it will now be presented on 1 February additionally "Rail Budget" presented separately for 92 years merged with "Union Budget"

Arun Jatiley should contain fiscal deficit says US-Based economist TN Srinivasan
Finance Minister should try to achieve the fiscal deficit target and take more steps to implement projects efficiently in the forthcoming Budget 2018

It's will be the fifth budget of Modi government's.This will also be the final budget before crucial 2019 Lok Sabha Polls.The previous Budget 2017-2018 was a unique one for the people of India as for the first time both the railway budget & the general budget were presented on the same day.



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