New Delhi: The Budget Session of Parliament began on Tuesday (January 31). Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 on February 1. This will be the last full budget of the second term of the Modi government. The budget is an account of the government's earnings and expenditures and the process of preparing it is very confidential. Halwa ceremonies are held before the budget goes into printing. At present, this ceremony takes place in North Block. The Ministry of Finance is also located in this block. Budget printing is also done in North Block itself. But, earlier this did not happen.
Actually, after the independence of the country, the printing of the budget used to take place in Rashtrapati Bhavan. Now the question arises that then how did printing start in North Block? Shanmukham Chetty, the country's first finance minister after independence, presented the first budget of independent India on November 26, 1947. The first budget after the adoption of the Constitution was presented by John Matthai, the Finance Minister of the then Jawaharlal Nehru government, in the year 1950. However, a part of this budget was leaked even before it reached Parliament, at that time the budget was printed in the Rashtrapati Bhavan.
Angered by the budget leak, people protested strenuously against the government. The uproar increased so much that after presenting the budget, Finance Minister John Mathai had to resign from his post. After this, the place of budget printing was changed. The budget began to be printed at Minto Road in New Delhi. However, in the year 1980, the location of budget printing was changed again and it was decided to install its machine in North Block. Since then, the budget is being printed in North Block.
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