Budget 2020: BSE to remain open for trade on budget day
New Delhi : Stock exchanges have taken the permissions from the Securities and Exchange Board of India to keep markets open on February 1 (Saturday); the government is scheduled to present the Union Budget 2020 on that day.
On normal days, the markets are kept closed on Saturday but taking into the consideration that this Saturday is special due to budge day and maximum trading happens on this day, the authorities have decided to have working Saturday.
Markets will trade in regular timings of 9 AM to 3.30 PM.
This is not the first time the market will open on a Saturday. In 2015, a similar incident had happened and the markets were opened like a regular day.
Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur and senior officials of the finance ministry on Monday participated in the symbolic ‘Halwa Ceremony’ that marks the launch of formal printing of Budget 2020-21 documents.
As part of the ritual, ‘halwa’ is prepared in a big ‘kadhai’ (large frying pot) and served to the entire staff in the ministry. The significance of the event is that after the sweet dish is served, a large number of officials and support staff, who are directly associated with the Budget making and printing process, are required to stay in the ministry and remain cut off from their families till the presentation of the Budget in the Lok Sabha.