* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 15, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Interim Budget 2024: What is the ‘lock-in’ process? Why is it so special?

January 11, 2024
in News
Interim Budget 2024: What is the ‘lock-in’ process? Why is it so special?
Share on FacebookShare on Twitter

Union Finance Minister Nirmala Sitharaman is getting ready to announce the interim budget in the Parliament as the country awaits the presentation on February 1, 2024. This interim budget is noteworthy since it coincides with the Lok Sabha election year, denoting a shift in the government’s fiscal strategy. Less than 22 days remain until the release of the budget, so conversations and anticipations about several areas—from infrastructure and education to agriculture and railroads—have gained traction.

What is the process? 

The ‘lock-in’ mechanism, a particular technique aimed at protecting budget confidentiality, is one distinguishing feature of the budgetary process.

According to a PIB (Press Information Bureau) article, officials involved in the rigorous budget drafting go through a ‘lock-in’ period to protect the financial plan’s confidentiality.

During this time, these dedicated personnel are confined to the Budget Press in the North Block. This deliberate seclusion ensures that those working on the budget remain anonymous until the Union Finance Minister publicly presents the budget to Parliament.

The ‘lock-in’ procedure serves a single purpose: to keep financial facts private. During this time, officers and employees working on the budget refrain from interacting with people outside their professional area or at home. Their commitment to keeping within the Budget Press limits of the North Block will continue until the formal announcement of the federal Budget.

Why is it needed?

This dedication to confidentiality stems from past experiences that highlight the need to protect financial data. An exemplary case dates back to 1950 where an infringement of budgetary secret resulted in serious consequences. The financial plan was produced within Rashtrapati Bhavan at the time.

However, in 1950, a piece of budgetary information was leaked prematurely, sparking a commotion because the budget specifics became public before the official unveiling in Parliament. Immediately upon the budget’s release, John Mathai, the Finance Minister at the time, was accused of favouring wealthy Western nations and influential businesspeople. The controversy grew to the point that Finance Minister John Mathai was forced to quit owing to a breach of confidentially.

Digital transformation during the ages

From 1980 to 2020, the basement of North Block had a printing press which was traditionally used to print budget documents. Following that, the budget turned digital, with just the most essential documents printed and bulk distribution taking place via mobile app or website.

Digital transformation also means that the lock-in time dropped to five days, down from up to two weeks previously. These officers and personnel only have contact with their loved ones once the Union Finance Minister presents the Budget to Parliament.

The Union Budget went paperless beginning in 2021-22. There is also a Union Budget Mobile App available for easy access to the paper.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : WION – https://www.wionews.com/business-economy/interim-budget-2024-what-is-the-lock-in-process-why-is-it-so-special-678695

Tags: budgetinterimnews
Previous Post

Digital translation tools to boost reach of Kashmiri language across the world

Next Post

Wikipedia, Google searches for Lakshadweep hit an all-time high

Men’s Freestyle Team Standings At The 2025 Senior World Championship – FloWrestling

Men’s Freestyle Team Standings at the 2025 Senior World Championship Revealed

September 15, 2025
ONEflight Myrtle Beach Classic boosts economy with $15.8M impact – WPDE

ONEflight Myrtle Beach Classic boosts economy with $15.8M impact – WPDE

September 15, 2025
The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

The Emmys Return with a Bang: Viewership Hits a 4-Year High

September 15, 2025
Bridging gap between artificial intelligence, real-world health outcomes – Rice University

Bridging the Divide: How Artificial Intelligence is Transforming Real-World Health Outcomes

September 15, 2025
WATCH: Joe Manchin shares why he calls Washington politics ‘toxic’ in new book Video | The View – ABC Network

Joe Manchin Opens Up About Why He Calls Washington Politics ‘Toxic’ in New Book

September 15, 2025
Entire Himalayan Range Facing Ecological Crisis: Supreme Court – NDTV

Supreme Court Sounds Alarm on Imminent Ecological Crisis Endangering the Entire Himalayan Range

September 15, 2025
Artificial Intelligence at Bayer – Emerj Artificial Intelligence Research

How Bayer is Revolutionizing the Future Through Artificial Intelligence

September 15, 2025
The ancient science of nose jobs : Short Wave – NPR

The Timeless Art and Science Behind Nose Jobs: Unveiling the Secrets of Rhinoplasty

September 15, 2025
8 TV shows that accidentally taught kids more than school did – VegOut

8 TV Shows That Secretly Taught Kids More Than School

September 15, 2025
Revolutionary Hydrofoil Tech Meets Electric Boats: Vision Marine and Hydrofin Transform Pontoon Performance – Stock Titan

Revolutionary Hydrofoil Technology and Electric Boats Unite to Transform Pontoon Performance

September 15, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (821)
  • Economy (841)
  • Entertainment (21,719)
  • General (17,053)
  • Health (9,885)
  • Lifestyle (855)
  • News (22,149)
  • People (844)
  • Politics (850)
  • Science (16,051)
  • Sports (21,340)
  • Technology (15,822)
  • World (824)

Recent News

Men’s Freestyle Team Standings At The 2025 Senior World Championship – FloWrestling

Men’s Freestyle Team Standings at the 2025 Senior World Championship Revealed

September 15, 2025
ONEflight Myrtle Beach Classic boosts economy with $15.8M impact – WPDE

ONEflight Myrtle Beach Classic boosts economy with $15.8M impact – WPDE

September 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version