Cabinet approves Railway and Union Budget merger

India Infoline News Service | Mumbai | September 21, 201617:10 IST

"We are merging the union budget with the Railway budget. There will be only one budget. The functional autonomy of the Railway to be maintained," Arun Jaitley said.

Parliament of India
The Union Cabinet has approved scrapping of separate Railway Budget and merging it with the General Budget.

The proposal was moved by the Finance Ministry after it received representations from some ministries that the annual budget exercise be completed before the new fiscal year begins on April 1 for streamlined allocation of funds.

"We are merging the union budget with the Railway budget. There will be only one budget. The functional autonomy of the Railway to be maintained," Arun Jaitley said.

To facilitate this, the Budget Session of parliament will be called sometime before January 25, a month ahead of the current practice.
 

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