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Importantly, the demands for the country’s security preparedness always remains a major financial challenge

The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held on January 26 in the presence of Union Finance & Corporate Affairs Minister Nirmala Sitharaman and Union Ministers of State for Finance Pankaj Chaudhary and Dr. Bhagwat Kisanrao Karad. A customary Halwa ceremony is performed every year…

Get latest articles and stories on Business at LatestLY. The formal exercise to prepare the annual Budget for the next financial year (2023-24) commenced on October 10. Business News | Customary Halwa Ceremony Held to Mark Final Stage of Budget Preparation.

The customary 'Halwa Ceremony' to mark the beginning of the compilation and printing of documents relating to the Union Budget for 2023-24 was held on Thursday at the Finance Ministry's Budget Press inside North Block.

The ‘halwa’ ceremony, an annual ritual that heralds the Union Budget, returned after a year's break with Finance Minister Nirmala Sitharaman on Thursday stirring a 'kadhai' to mark the traditional event.