Lock-in period begins ahead of Feb 1 presentation
GN Bureau | January 21, 2020
The budget season is here, and the annual document has gone to print, beginning the lock-in period till its presentation in parliament on February 1.
The Halwa ceremony, marking the commencement of the budget printing process, was held in North Block Monday morning in the presence of finance & corporate affairs minister Nirmala Sitharaman.
To maintain the secrecy, there is a “lock-in” of the officials involved in making the budget. The ‘Budget Press’, situated inside North Block – the finance ministry headquarters, houses all officials in the period leading up to the presentation of the budget. These officers and staff will come in contact with their near and dear ones only after the budget is presented by the finance minister in parliament.
At the Halwa ceremony – the annual ritual going on for decades, Sitharaman was accompanied by minister of state for finance & corporate affairs Anurag Singh Thakur; Rajeev Kumar, finance secretary; Atanu Chakraborty, secretary, DEA; Dr AB Pandey, revenue secretary; Tuhin Kanta Pandey, secretary, DIPAM; TV Somanathan, secretary, expenditure, among other officers of the ministry.
PC Mody, chairman, CBDT; John Joseph, chairman, CBIC; members of CBDT and CBIC; Rajat Mishra, joint secretary (budget), and others officers and staff of the ministry involved in the budget preparation and printing process were also present on the occasion. Later, the finance minister took a round of the press facility and acquainted herself with the budget printing process.
The Government of Gujarat had set up a task force committee in February 2022 under the chairmanship of Dr. Hasmukh Adhia, former union finance secretary, to work out a strategy for the state to contribute in making India a USD 5 trillion economy, as per the vision of the prime minister. In three months, th
This time it was not Lord Hanuman, but the poor decision-making of the political leaders combined with several global economic factors that set Sri Lanka in flames. A state of emergency was declared in Sri Lanka. This month, after the Prime Minister of Sri Lanka resigned from his post, the
Being and Becoming Multilingual: Some Narratives Edited by Rajesh Sachdeva and Rama Kant Agnihotri
The BrihanMumbai municipal corporation (BMC) has rejected the Congress accusations of financial irregularities worth Rs 8,000 crore—9,000 croe in awarding contracts for getting project-affected people (PAP) tenements on private land. BMC has said that it implements vital p
Does the concept of sedition have a place in modern democracies? This question became more relevant when the apex court recently put the country`s colonial-era sedition law on abeyance stating that there is a “requirement to balance… security interests and integrity of the State… and th
The Collected Stories of Saadat Hasan Manto: Volume 1: Bombay and Poona Translated by Nasreen Rehman Aleph Book Company, 548 pages, Rs 999 There are writers, there are writers’ writers, and then there are readers’ writers. Saadat Hasan Mant