Budget 2022: What is Halwa ceremony and what is its significance?

The halwa ceremony marks the last leg of the budget process. 

New Delhi: Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2022 on February 1, 2022. With a few days left for the mega event in the realm of economy, the preparations for the traditional ‘halwa ceremony' must also be going in the full swing.

What is Halwa Ceremony? 

For the unversed, the halwa ceremony, which usually takes place a few days ahead of the Union Budget presentation, marks the final stages of the budget process. Last year, the ceremony took place on January 23, nine days ahead of the Budget 2021 presentation.