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1950 Union Budget: The records of the Union Budget had actually dripped from the Rashtrapati Bhavan press when they were sent out for printing
When the union budget plan was dripped in 1950, the printing of the records occurred at Rashtrapati Bhavan continueMinto Road (Courtesy: Reuters)
Union Budget History: Union Budget 2025-26 is readied to exist by Finance Minister Nirmala Sitharaman in the Parliament on February 1.
As per the practice, the Halwa Ceremony has actually happened which notes the start of the lock-in duration after which the budget plan chooses printing in the cellar of the North Block in Delhi.
Inside the North Block’s cellar is the federal government press in addition to the home ministry and the ministry of money.
However, the budget plan was not constantly published in theNorth Block So what caused this modification?
The Union Budget Leak Of 1950
In 1950, among one of the most unanticipated points occurred when the Union Budget obtained dripped from the Rashtrapati Bhavan press which got on Minto Road during that time. The budget plan utilized to obtain published at the exact same press for years and its privacy was never ever breached.
However, in 1950 the documents obtained dripped and the federal government determined to alter the area of publishing the nation’s crucial economic paper to an extra safe area.
At the moment of the leakage, John Mathai was the money preacher of the nation and he was implicated of offering the passions of effective individuals as a result of the leakage.
After providing the Union Budget, the after that money preacher sent his resignation in demonstration versus thePlanning Commission In 1980, the area where the budget plan obtains published once more transformed and it was changed to the existing area in the North Block.
What Is ‘Lock-In’ Period?
The printing procedure of the budget plan was made a lot more safe and private with time.
Its protection was additionally improved by the stringent “lock-in” period during which the officials who are working on the budget remain in isolation and have no contact with the outside world to ensure the document’s secrecy.
The officials are also not allowed to use their phones and can leave only after the finance minister ends the presentation of the Union Budget in parliament.
