Who started halwa ceremony?

Traditional ‘halwa ceremony’ held at Finance Ministry, ahead of Union Budget. New Delhi: Finance minister Nirmala Sitharaman launched the Union Budget mobile app on Saturday, even as final stages of FY 2021-22 Budget preparation began with the Halwa ceremony.

What is the halwa ceremony?

New Delhi: The customary halwa ceremony, which marks the process of printing Budget documents, is hosted by the Finance Ministry, ahead of the presentation of the Union Budget on Monday (February 1).

Which ceremony happens before the printing of budget documents?

Halwa ceremony and budget briefcase The printing of budget documents starts roughly one week ahead of presenting in the Parliament with a customary ‘Halwa ceremony’ in which halwa (a sweet dish) is prepared in large quantities and served to the officers and support staff involved.

When was the first time budget was presented?

26 November 1947
The first Union budget of independent India was presented by R. K. Shanmukham Chetty on 26 November 1947. The Union budgets for the fiscal years 1959–61 to 1963–64, inclusive of the interim budget for 1962–63, were presented by Morarji Desai.

Who introduced first budget in India?

A Scotsman named James Wilson created India’s first budget in 1860. He came to India in 1859 when the British government here was under stress due to the Sepoy Mutiny and aftermath of the revolt of 1857.

Who presented the first budget interim of independent India?

Shri Shanmukham Chetty
Mr. Liaquat Ali Khan, Member of the Interim Government presented the Budget of 1947-48. After Independence, India’s first Finance Minister, Shri Shanmukham Chetty, presented the first budget of independent India on 26th November, 1947.

What is the relevance of halwa being made during the preparation of the Union budget?

The Indian dessert is prepared in a big kadhai and served to the entire staff involved in budget preparation. The significance of serving Halwa to the officials is to mark the secrecy of the whole project. It also intends to laud the efforts of the staff involved in the budget-making process.

Who introduced first budget in India before independence?

minister RK Shanmukham Chetty
Finance minister RK Shanmukham Chetty presented the first budget of Independent India. Total expenditure under the budget was earmarked at Rs 197.39 crore, out of which approximately Rs 92.74 crore (or 46 percent) was allocated for Defence Services.

Who introduced first budget?

When was the first budget introduced in India?

November 26, 1947
First Indian Budget: The first (Provisional) Budget of independent India was presented on November 26, 1947 by the country’s Finance Minister RK Shanmukham Chetti.

Who presented the budget proposals in March 1947?

R.K. Shanmukham Chetty
The Budget for India passed by the Legislature the previous March for the financial year 1947-48 ceased to be operative. Independent India’s first Budget was presented by first Finance Minister R.K. Shanmukham Chetty on November 26, 1947 for the seven and a half month-period from August 15, 1947 to March 31, 1948.

Who introduced first rail budget in India?

John Matthai
John Matthai presented the first Railway Budget for independent India on 20th November 1947 which was interim Railway Budget and only after 3 months he presented his second Railway Budget on 24th February 1948 where revised estimates showed a fall in earnings of about 8 crores rupees as compared with the budget …