Monday, 15 August 2016

No separate Rail Budget from 2017, to be merged with General Budget

There will be no separate railway budget from the next financial year. The finance ministry has
agreed to the railway ministry's proposal of combining railway budget with the general budget.

According to the Railways, the Finance Ministry has now constituted a five-member committee comprising senior officials of the Ministry and the national transporter to work out modalities for the merger. The committee has been asked to submit its report by August 31.

With the merger, the issue of raising passenger fares will be the Finance Minister's call.

The Railway Budget is the annual financial statement of the Indian Railway. Following the recommendation of the 10 member-Acworth Committee in 1920-21, headed by British railway economist William Acworth, The "Acworth Report" led to reorganisation of railways and the railway finances of India were separated from the general government finances in 1924.

1 comment:

  1. Rail budget should be economic for all because most of people depend on it and get information of irctc login and travel in train.