Budget 2020-21

Printing process for Union Budget 2020-21 commences with Halwa Ceremony

Printing process for Union General Budget 2020-21 commences with Halwa Ceremony

The Halwa ceremony, marking the commencement of Budget printing process for Union General Budget 2020-21, was held here in North Block today morning in the presence of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.

Union General Budget 2020-21 is to be presented on 1st February, 2020. To maintain the secrecy of Budget, there is a “lock-in” of the officials involved in making the Budget. Budget Press, situated inside North Block, houses all officials in the period leading up to the presentation of the Union Budget. These officers and staff will come in contact with their near and dear ones only after the Budget is presented by the Union Finance Minister in Parliament.

At the Halwa Ceremony, Smt. Sitharaman was accompanied by Union Minister of State for Finance & Corporate Affairs Shri Anurag Singh Thakur; Shri Rajeev Kumar, Finance Secretary; Shri Atanu Chakraborty, Secretary, DEA; Dr A.B. Pandey, Revenue Secretary; Shri Tuhin Kanta Pandey, Secretary, DIPAM; Shri T.V. Somanathan, Secretary, Expenditure among other officers of the Ministry of Finance.

Shri P.C. Mody, Chairman, CBDT; Shri John Joseph, Chairman, CBIC; Members of CBDT & CBIC; Shri Rajat Mishra, Joint Secretary (Budget), besides others officers and staff of the Ministry of Finance, involved in the Budget preparation and printing process were also present on the occasion. Later, the Finance Minister took a round of the Press and acquainted herself about the Budget printing process.

Source: PIB Press Release 

Share

Recent Posts

  • Income Tax

Section 43CB & ICDS-III is applicable to contractors not to real estate developers

Section 43CB read with ICDS-III is applicable to contractors and not real estate developers - ITAT In a recent judgment,…

59 minutes ago
  • Income Tax

Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.

Expenses incurred on ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act – ITAT Delhi In a…

20 hours ago
  • Income Tax

Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer

Compliance history of supplier could not be used to invalidate the genuine business transactions of the buyer especially when the…

21 hours ago
  • Income Tax

Reassessment quashed as AO issued notice u/s 148 instead of 153C as reopening was based on search

Reassessment quashed as AO issued u/s 148 instead of 153C as reopening was based on incriminating material found during search…

22 hours ago
  • Empanelment

Empanelment of CA/CMA /Legal firm for FEMA & other allied services at EPIL

Empanelment of Chartered Accountants/Cost Accountant/Legal firm for FEMA & other allied services Engineering Projects (India) Ltd. has invited application for…

24 hours ago
  • Service Tax

Individual contract for booking persons for participation in event not event management liable to service tax

Individual contract for booking of persons for participation in an event is not “event management” contracts liable to service tax…

1 day ago