Traditional ‘halwa’ ceremony to be held today. Know its significance

The traditional ‘halwa’ ceremony will be held today in the presence of Finance Minister Nirmala Sitharaman, said the Ministry of Finance in a statement.

The halwa ceremony is a tradition performed every year ahead of the budget and it marks the final stage of preparing the plan for the upcoming financial year. The finance minister will present the Union Budget 2023 on February 1, 2023.