Blog Entry# 2063759
Posted: Nov 18 2016 (09:25)
Last Response: Nov 18 2016 (09:25)
IR AffairsNov 17 2016 (19:25) An Unnoticed Reform
For Better Managed Indian Railways~ 948 news posts
A silent but major economic reform has happened in the country which has largely gone unnoticed. Scrapping of Rail Budget and merging it with general budget, doing away with distinction of plan and non plan expenditure and advancing of general budget to February one are certainly not a small reforms step but have a major, positive and far-reaching benefit to the economy that has not been fully understood.
Scrapping of nearly a century old practice of having separate Railway budget is yet another step to dismantle colonial hangover. Rail Budget was started by British in 1924 as at that time rail budgets were very large and at time almost that of general budget financially.
Nov 18 2016 (09:25)
For Better Managed Indian Railways~ 1933 blog posts
Let us see, what happens on 1.2.17 when general budget is presented.
If there is reduction in transparency, i.e. all the IR budget documents, plans, pink book, out come budget etc info are not publicized, then the real intentions are really dubious.
If the transparency is maintained or increased, net allocation by Central Govt to IR increases and provisions are made to motivate IR to perform well, policy is made to speed up IR projects, giving more autonomy etc we can believe that the intentions of govt regarding merger of RB...
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