Talk on Budget Making with Mr Sumit Dutt Majumder, Former Chairman, CBEC The Union Finance Minister, Mr Arun Jaitley, is going to present his Second Budget on Saturday. But the million-dollar question in the minds of most taxpayers is how is the Union Budget prepared? What all goes into filtering representations coming from the Trade & Industry associations across the country and how are these proposals stitched together? Is it a purely serious work or there is also a lighter side of the Budget? To understand the half-known and unknown aspects of the Budget-making process and the famous 'Halwa Ceremony', TIOL Managing Editor Shailendra Kumar spoke to Mr Sumit Dutt Majumder, former Chairman of the Central Board of Excise & Customs who had worked with the then Finance Minister, Mr Pranab Mukherjee and was a part of the 2011 Budget Team.