The ceremony typically takes place a few days before the presentation of the Union Budget in Parliament.
It is conducted at the North Block of the Ministry of Finance in the national capital, where the Finance Ministry is headquartered.
The highlight of the ceremony is the cooking and distribution of 'halwa'.
The preparation and distribution of halwa symbolise secrecy and confidentiality related to the budget-making process.
A strict lockdown of the printing press follows the serving of halwa.
Officials directly involved in the budget-making process are isolated until the documents are presented in Parliament.