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Union Budget 2022 Highlights: Keeping with recent tradition, Union Finance Minister Nirmala Sitharaman is expected to announce Union Budget 2022 on February 1 this year.


Budget 2022: The annual report of India as a country. It contains the government of India's revenue and expenditure for the end of a particular fiscal year, which runs from April 1 to March 31. The Union Budget is the most extensive account of the government's finances, in which revenues from all sources and expenses of all activities undertaken are aggregated. It comprises the revenue budget and the capital budget. It likewise contains gauges for the following financial year. Keeping with late custom, Union Finance Minister Nirmala Sitharaman is relied upon to declare Union Budget 2022 on February 1 this year. This will be gone before by a virtual gathering of the Rajya Sabha floor pioneers, in front of the spending plan meeting of the Parliament, will be hung on January 31.

The gathering will be led by Chairman of the House and Vice President M Venkaiah Naidu. The parliament meeting will start in the midst of electioneering for get together races to five states President Ram Nath Kovind will address the sitting of two Houses on January 31 and the association financial plan working together will be introduced on February 1. Rajya Sabha is probably going to work from 10 am till 3 pm on working days while the Lok Sabha will work from 4 pm to 9pm. The first part of the budget session will begin on January 31 and will continue till February 11. The second part of the budget session will be held from March 14 to April 8. This year will be Sitharaman's fourth Budget after 2019, 2020 and 2021. She had read out the Budget from a tablet last year in parliament.

Paperless Budget :

Union Budget 2022 will be presented by Finance Minister Nirmala Sitharaman in "paperless form", the government said on January 27, adding that the entire budget document will be released on a portable application named 'Association Busget Mobile App', for administrators and the overall population after it is introduced in the Parliament on February 1. The versatile application permits total admittance to 14 Union Budget archives, including the Budget Speech, Annual Financial Statement (normally known as Budget), Demand for Grants (DG), Finance Bill and so forth as endorsed by the Constitution, the service expressed. The application is bilingual (English and Hindi) and is accessible on both Android and iOS stages, it further added.

Budget Presentation through the years :

In 2021, for the first time, the Union Budget in India was read out from a tablet. In the customary photo before the presentation of the Budget in Parliament, Finance Minister Nirmala Sitharaman was seen carrying the device in a compact red case.

In the former years, finance pastors had conveyed Budget records in brown, red or tan portfolios, with regards to British practice. That changed in 2019, when Nirmala Sitharaman supplanted them with a customary bahi khata or fabric record. "I thought it is about time we continue on from the British headache, to accomplish something all alone," the money serve had said. "Furthermore well, more straightforward for me to convey as well."

The Union Budget is introduced on February 1. With Uttar Pradesh, Punjab, Goa, Manipur and Uttarakhand casting a ballot later in the month for Assembly races, it is to be seen whether the 2022-23 Budget will zero in additional on libertarian measures.

The presentation of the Union Budget 2022 will be paperless, the Ministry of Finance announced on January 27.

No Halwa ceremony :

This year, to mark the final stage of the Union Budget making process, sweets were provided to the core staff due to undergo “lock-in” at their workplaces, instead of a customary Halwa ceremony held every year in view of the prevailing pandemic situation and the need to observe health safety protocols, the ministry said.

"To keep up with the mystery of Budget, there is a "lock-in" of the authorities engaged with making the Budget. Spending plan Press, arranged inside North Block, houses all authorities in the period paving the way to the introduction of the Union Budget. These officials and staff will interact with their precious ones solely after the Budget is introduced by the Union Finance Minister in the Parliament," it further noted.

The Finance Minister for the most part starts off the festivals with the 'halwa' function, by mixing the treat in a customary kadhai (cauldron) and afterward serves it to her partners. The pastors of state (MoS Finance) and other high ranking representatives of the service are available during the function. This custom additionally makes way for a huge occasion before long. The North Block becomes Fort Knox for 10-odd days up to the introduction of the Budget, where all authorities and staff associated with the Budget-production process disconnect themselves to keep up with inflexible mystery about the record. The tradition has been carried out for decades in the basement of the North Block that also houses the special printing press, which printed the Budget documents from 1980 until 2020.


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