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Sep 21 2016 (3:11PM)  Railway budget derailed: Five facts you probably didn’t know (indianexpress.com)
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Rail Budget

News Entry# 280788   Blog Entry# 1998002     
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Posted by: SRG*^~  741 news posts
Railway budget derailed: Five facts you probably didn’t know
A 92-year-old tradition of the railway budget has been broken.
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Finance Minister Arun Jaitley and Railway Minister Suresh Prabhu on Wednesday addressed the media and informed that the general budget and railway budget will be merged and presented as a single budget from 2017. However, the functional autonomy of the railway budget will be
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maintained, Jaitley confirmed. The budget’s date has not been announced for 2017 as it depends on the Assembly session.
Jaitley, while briefing the media, said that the practice was adopted because railway budget used to be higher that general budget but things have changed with time. “Now there are several departments whose budget is higher than that of railway budget, namely defence,” Jaitley said.
The practice of presenting the railway budget separately is more than seven decades old and this decision by the BJP government will now put an end to it. The rail budget used to be presented every year by railway minister few days prior to the presentation of the general budget.
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FACTS:
When was the first railway budget presented?
After the recommendations of 10 member-Acworth Committee in 1920-21, the railway budget was separated from general budget in 1924. Since then the budget was presented independently.
When was the first live telecast of the railway budget?
It took 70 years for the first live telecast of the railway budget to take place on March 24, 1994.
Who was the first railway minister in independent India?
After India attained Independence on August 15, 1947, John Mathai became the first railway minister.
Who was the first woman railway minister?
Mamata Banerjee, current chief minister of West Bengal and chief of the Trinamool Congress, became the first woman railway minister in 2000.
Which minister presented the railway budget most times?
Jagjivan Ram, father of former Lok Sabha speaker Meira Kumar, presented the railway budget seven times.

  

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Sep 21 2016 (3:17PM)
erpankajkashyap   109 blog posts
Re# 1998002-1            Tags   Past Edits
Too bad
  
Sep 21 2016 (3:07PM)  Railway budget scrapped, merged with general budget (timesofindia.indiatimes.com)
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Rail Budget

News Entry# 280787   Blog Entry# 1997998     
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Posted by: SRG*^~  741 news posts
Railway budget scrapped, merged with general budget
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HIGHLIGHTS
There will be no rail budget from the next year.
The Union Cabinet gave its nod to merge rail budget with general budget.
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practice of rail budget was started in 1924.
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NEW DELHI: There will be no separate railway budget+ from the next financial year. The Union Cabinet on Wednesday gave its nod to merge the railway budget with the general budget from next year, putting an end to a practice that started in 1924.
"Rail budget and general budget will be amalgamated from now, there will only be one budget," finance minister Arun Jaitley said after the Cabinet meeting.
"However, the functional autonomy of railways will be maintained," Jaitley said.
The decision to merge the railway budget with the general budget is significant as in recent years, particularly since coalition governments post-1996, political heavyweights have used the railway budget to hand out goodies and for their own image building. With the railway portfolio often held by regional biggies, the budget reflected political priorities of the incumbent. The railway bureaucracy has also dug in its heels in the past.
Railway minister Suresh Prabhu's readiness to give up the limelight is a break from the past as BJP seems in a position to dump the railway budget as its solid majority in Lok Sabha enabled it to retain the portfolio rather than handing it to an ally.
The move to discard the British-era practice of a separate rail budget by the Modi government comes after a two-member committee comprising Niti Aayog member Bibek Debroy and Kishore Desai recommended the exercise be scrapped.
With a view to get all the legislative approvals for the annual spending and tax proposals before the beginning of the new financial year on April 1, the Cabinet headed by Prime Minister Narendra Modi approved advancing date for presentation of the general budget by a month instead of present practice of unveiling it at the end of February.
To facilitate this, the budget session of Parliament will be called sometime before January 25, a month ahead of the current practice.
Accordingly, the beginning of budget preparation will be advanced to early October and GDP estimates made available on January 7 instead of February 7 now.
Till now budget was presented on the last day of February and it is not until mid-May that the Parliament approves it in two parts. And with the monsoon arriving in June, most of the schemes and spendings by states do not take off until October, leaving just half a year for their implementation.
Early presentation of budget would mean that the entire exercise is over by March 31, and expenditure as well as tax proposals come into effect right from the beginning of new fiscal, thereby ensuring better implementation.

  
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Sep 21 2016 (3:08PM)
SRG*^~   34530 blog posts   146717 correct pred (75% accurate)
Re# 1997998-1            Tags   Past Edits
End of the road err rail for Rail budget...It has hit a buffer come to dead end.

  

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Sep 21 2016 (3:22PM)
Rail Fanning~   2474 blog posts
Re# 1997998-2            Tags   Past Edits
For obvious reasons, the regional parties are not happy with this decision. It was always seen from previous budgets that these parties used this as a tool for political appeasement by introducing more and more trains in their respective regions.
But good in a way as some of the article mention that Rs 10,000 crore will be saved annually if both budgets are combined

  
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Sep 21 2016 (3:41PM)
trvel in cnb mgs rout in fog is 3rd degree torture^~   75443 blog posts   5073 correct pred (77% accurate)
Re# 1997998-3            Tags   Past Edits
best thing in last line
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Early presentation of budget would mean that the entire exercise is over by March 31, and expenditure as well as tax proposals come into effect right from the beginning of new fiscal, thereby ensuring better implementation.

  
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Sep 21 2016 (3:47PM)
SRG*^~   34530 blog posts   146717 correct pred (75% accurate)
Re# 1997998-4            Tags   Past Edits
Yes price hike ka jatka pehlehi maalum padega..

  
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Sep 21 2016 (5:53PM)
For Better Managed Indian Railways~   1344 blog posts
Re# 1997998-5            Tags   Past Edits
Rly budget merger is done with an intention that it will be an important step to depoliticize IR, but the way new trains are being introduced since last few months, casts doubt whether the depoliticization will really happen? If it happens then well and good. But if it does not happen, then it will results will be more disastrous
(1) It will result in even more lopsided resource allocation and development of railways in our country. At present due to debate and passage of Rly budget in parliament, RM is forced to give at-least something to all the states including his non-preferred ones.
(2) The
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data released/ discussed during budget sessions may not be released before the public. IR shall lose whatever transparency it have now.
(3) Rail budget Parliamentary discussion puts pressure on IR to perform & fulfil developmental aspirations of different regions. After budget merger, If the RM is not dynamic, vigilant and task oriented, there will not be enough pressure on IR to perform and IRlys may die its natural death (gradually loose almost all of its traffic to competitors) much like the inland Water ways prevalent decades ago in major rivers like Ganga had. In that case the efficiently managed Roadways, airline operators shall be the biggest gainers and public/ nation the loser.

  
750 views

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Sep 21 2016 (9:34PM)
srinivasvasanthi   3459 blog posts   13 correct pred (50% accurate)
Re# 1997998-6            Tags   Past Edits
Parrot of IndianRailway wings are shortened and is gaged .So the gaged Parrot have to be ensured with proper feed of funds .IR has been announced new projects /allot to the held up projects for Rs 10000 crores ( Dividend need not paid to FM ) which is saved after merging
  
Sep 21 2016 (2:50PM)  Single budget will save Railways Rs. 10,000 crore (googleweblight.com)
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Rail Budget

News Entry# 280786     
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Sep 21 2016 (3:26PM)
Station Tag: Hatia/HTE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (3:26PM)
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Sep 21 2016 (3:26PM)
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Sep 21 2016 (2:57PM)
Station Tag: Hatia/HTE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:57PM)
Station Tag: Pune Junction/PUNE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:57PM)
Station Tag: Secunderabad Junction/SC added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: Mumbai Chhatrapati Shivaji Terminus/CSTM added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: Howrah Junction/HWH added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Station Tag: Chennai Central/MAS added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Station Tag: Ranchi Junction/RNC added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Station Tag: KSR Bengaluru City Junction (Bangalore)/SBC added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Train Tag: Deekshabhoomi Express/11046 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Train Tag: Gaya - Anand Vihar Garib Rath Express/22409 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Train Tag: Gaya - Howrah Express/13024 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Train Tag: Gaya - Kamakhya Weekly Express/15619 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

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Train Tag: Mahabodhi SF Express/12397 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Train Tag: Gaya - Chennai Egmore Weekly SF Express/12389 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:50PM)
Station Tag: Anand Vihar Terminal/ANVT added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:50PM)
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Sep 21 2016 (2:50PM)
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Station Tag: Gaya Junction/GAYA added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Posted by: 01035 Mumbai CST Gaya Weekly Special UnReserve  65 news posts
The cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend if the separate Rail Budget is scrapped, which is likely to happen from next fiscal.
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A joint committee set up to finalise the modalities for the merger of Rail Budget with the General Budget has submitted its report to the Finance Ministry recommending various changes including waiving off of payment of dividend by railways though the practice of getting gross budgetary support (GBS) from the exchequer will continue.
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Railways pays about Rs 10,000 crore as dividend a year after getting about Rs 40,000 crore.The General Budget to be presented by the Finance Minister will also have a separate annexure with details of plan and non-plan expenditures to be incurred by the national transporter, according to the recommendations of the joint committee comprising senior officials from the Railways and Finance ministries.
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The recommendations will be placed before the Cabinet for a final decision, the sources said.
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The report on the merger of the Rail Budget and General Budget, was to be submitted by August 31 but was delayed and finally submitted on September 8, official sources in the Railways said.
  
Sep 21 2016 (1:05PM)  Cabinet approves proposal to merge Railway and General Budget (m.businesstoday.in)
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Rail Budget

News Entry# 280767     
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Posted by: Dibrugarh Guwahati Shatabdi Express~  363 news posts
The Union Cabinet on Wednesday approved the merger of the Railway Budget with the General Budget. This puts an end to the separate Railways Budget that gets present in the parliament.
The Finance Ministry had made the proposal to merge the two budgets apart from advancing the date of Budget presentation.
Once the rail and general Budgets are merged and the date of presentation is advanced, there will be no requirement of separate Appropriation Bills as well as Vote on Account, as is the current practice.
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after the separate railway budget is scrapped and its proposals clubbed in the general Budget, the Railways would continue to maintain its distinct entity status as a departmentally-run commercial undertaking as at present.
Also, the Railways would be allowed to retain its functional autonomy with delegation of financial power rules to continue as is the case now, sources said.
After the merger, the Railways would not have to pay dividend to the central government and its capital at charge would stand to be wiped off.
Like for other departments, the ministry of finance will provide gross budgetary support to the Railways for incurring its capital expenditure.
According to the proposal, to ensure better targeting of benefits, all concessional railway passes provided to various categories of concessionaires will be linked to Aadhar number.
Also, the Railway Convention Committee, which reviews the rate of dividend payable by the railways to the government, will be disbanded. Currently, the panel also suggests the level of appropriation to various funds of the railways such as depreciation reserve funds, development fund and pension fund.
After the merger of railway budget with the general budget, one single Appropriation Bill will be presented to Parliament for consideration and voting on or before March 24, 2017.
  
Sep 21 2016 (6:47AM)  Cabinet to decide on rail, general budgets merger (www.thehindu.com)
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Rail Budget

News Entry# 280728     
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Posted by: rdb*^  123524 news posts
The Union Cabinet will take a call on advancing the Union Budget date in its meeting on Wednesday and consider the merger of the general and the rail budgets.
The tentative new date for the presentation of the Budget will also be discussed, although the final decision on it will be taken by the Cabinet Committee on Parliamentary Affairs. Advancing the Budget presentation date will in turn require the Budget Session to be called a few weeks earlier for which Parliament is generally convened around the third week of February.The Union Budget is presented each year on the last working day of February by the Finance Minister to Parliament.
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proposal was moved by the Finance Ministry after it received from several States and some ministries demands that the annual budget exercise be completed before the new fiscal year begins on April 1 for streamlined allocation of funds. The Budget is presented in two parts i.e. the Railway Budget pertaining to Railway Finance and General Budget which gives an overall picture of the financial position of the Centre.
Railway Ministry officials said that even after the merger, Indian Railways may continue to pay dividends to the Ministry of Finance and also bear the social obligation cost it now incurs. It may also continue paying pension to retired employees.Social service obligation costs in 2015-16 added up to Rs.34,030 crore from its coach services, including passenger traffic, luggage and parcel services, while pension outgo for 2016-17 is budgeted at Rs.45,500 crore.
  
Sep 19 2016 (8:11PM)  अर्थात्: बजट बंद होने से दौड़ेगी रेल? (aajtak.intoday.in)
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Rail Budget

News Entry# 280601     
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Posted by:   1 news posts
Hindi News इंडिया टुडे अर्थात
अर्थात्: बजट बंद होने...
अअअ अर्थात्: बजट बंद होने से दौड़ेगी रेल? अंशुमान तिवारी नई दिल्ली, 19 सितम्बर 2016 | अपडेटेड: 12:11 IST twittermore
रेल बजट के आम बजट में विलय से क्या रेलवे को फायदा होगा?
राजधानी
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दिल्ली में रेल भवन के गलियारे रहस्यमय हो चले हैं. असमंजस तो रेल भवन से महज आधा किलोमीटर दूर रायसीना हिल्स की उत्तरी इमारत में भी कम नहीं है जो वित्त मंत्रालय के नाम से जानी जाती है. अगर सरकार की बतकही पर भरोसा किया जाए तो 93 साल पुराना रेल बजट, 2017 से वित्त मंत्री अरुण जेटली का सिरदर्द हो जाएगा. रेल मंत्री सुरेश प्रभु बेचैन हैं, वे रेल बजट के आम बजट में विलय के सवालों पर खीझ उठते हैं. अलबत्ता उनके स्टाफ से लेकर सुदूर इलाकों तक फैले रेल नेटवर्क का हर छोटा-बड़ा कारिंदा दो बजटों के मिलन की हर आहट पर कान लगाए है, क्योंकि रेल बजट का आम बजट में विलय आजादी के बाद रेलवे के सबसे बड़े पुनर्गठन का रास्ता खोल सकता है.
सुरेश प्रभु की बेचैनी लाजिमी है. तमाम कोशिशों के बावजूद वे रेलवे की माली हालत सुधार नहीं पाए हैं. बीते एक माह में उन्होंने रेलवे की दो सबसे फायदेमंद सेवाओं को निचोड़ लिया. पहले कोयले पर माल भाड़ा बढ़ा. रेलवे का लगभग 50 फीसदी ढुलाई राजस्व कोयले से आता है. फिर प्रीमियम ट्रेनों में सर्ज प्राइसिंग यानी मांग के हिसाब से महंगे किराये बढ़ाने की नीति लागू हो गई. गहरे वित्तीय संकट में फंसी रेलवे अपनी प्रतिस्पर्धात्मकता खत्म करने पर मजबूर है. रेलवे अपना माल और यात्री कारोबार अन्य क्षेत्रों को सौंपना चाहती है ताकि घाटा कम किया जा सके. रेल मंत्री ने भाड़ा और किराये बढ़ाकर, वित्त मंत्री की तकलीफें कम करने की कोशिश की है, जो रेलवे का बोझ अपनी पीठ पर उठाएंगे.
रेलवे और वित्त मंत्रालय के रिश्ते पेचीदा हैं. रेलवे कोई कंपनी नहीं है, फिर भी सरकार को लाभांश देती है. रेलवे घाटे में है, इसलिए यह लाभांश नहीं बल्कि बजट से मिलने वाले कर्ज पर ब्याज है. एक हाथ से रेलवे सरकार को ''लाभांश" देती है तो दूसरे हाथ से आम बजट से मदद लेती है. यह मदद रेलवे नेटवर्क के विस्तार और आधुनिकीकरण के लिए है, क्योंकि दैनिक खर्चों, वेतन, पेंशन और ब्याज चुकाने के बाद रेलवे के पास नेटवर्क विस्तार के लिए संसाधन नहीं बचते. रेलवे के तहत कई कंपनियां हैं, जिन्हें अलग से केंद्रीय खजाने से वित्तीय मदद मिलती है.
बजट से मदद के अलावा रेलवे को भारी कर्ज लेना पड़ता है, जिसके लिए इंडियन रेलवे फाइनेंस कॉर्पोरेशन है. भारत में रेलवे अकेला सरकारी विभाग है जिसके पास कर्ज उगाहने वाली कंपनी है, जो रेलवे को वैगन-डिब्बा आदि के लिए कर्ज संसाधन देती है. प्रभु के नेतृत्व में रेलवे ने जीवन बीमा निगम से भी कर्ज लिया है, जो खासा महंगा है.
रेलवे सिर्फ परियोजनाओं के लिए ही आम बजट की मोहताज नहीं है, बल्कि उसके मौजूदा संचालन भी भारी घाटे वाले हैं. यह घाटा सस्ते यात्री किराये (34,000 करोड़ रु.) और उन परियोजनाओं का नतीजा है जो रणनीतिक या सामाजिक जरूरतों से जुड़ी हैं. इसके अलावा रेलवे को लंबित परियोजनाओं के लिए 4.83 लाख करोड़ रु. और वेतन आयोग के लिए 30,000 करोड़ रु. चाहिए.
रेल बजट के आम बजट में विलय के साथ यह सारा घाटा, देनदारी, कर्ज आदि आदर्श तौर पर अरुण जेटली की जिम्मेदारी बन जाएगा. रेल मंत्री रेलवे के राजनैतिक दबावों से मुक्त हो जाएंगे और रेल मंत्रालय दरअसल डाक विभाग जैसा हो जाएगा, जिसका घाटा और खर्चे केंद्रीय बजट का हिस्सा हैं. अलबत्ता रेलवे डाक विभाग नहीं है. भारत के सबसे बड़े ट्रांसपोर्टर की जिम्मेदारियां, देनदारियां और वित्तीय मुसीबतें भीमकाय हैं. उसका घाटा, देनदारियां, पेंशन, वेतन खर्चे अपनाने के बाद बजट का कचूमर निकल जाएगा, राजकोषीय घाटे को पंख लग जाएंगे. सो बजटों के विलय के बाद रेलवे का पुनर्गठन अपरिहार्य है. यह बात अलग है कि सरकार इस अनिवार्यता को स्वीकारने से डर रही है.
बजट-विलय के बाद रेलवे के पुनर्गठन के चार आयाम होने चाहिएः
पहलाः अकाउंटिंग सुधारों के जरिए रेलवे की सामाजिक जिम्मेदारियों और वाणिज्यिक कारोबार को अलग-अलग करना होगा और चुनिंदा सामाजिक सेवाओं और प्रोजेक्ट के लिए बजट से सब्सिडी निर्धारित करनी होगी. शेष रेलवे को माल भाड़ा और किराया बढ़ाकर वाणिज्यिक तौर पर मुनाफे में लाना होगा. किराये तय करने के लिए स्वतंत्र नियामक का गठन इस सुधार का हिस्सा होगा.
दूसराः रेलवे के अस्पताल और स्कूल जैसे कामों को बंद किया जाए या बेच दिया जाए ताकि खर्च बच सकें.
तीसराः देबरॉय समिति की सिफारिशों के आधार पर रेलवे के ट्रांसपोर्ट संचालन और बुनियादी ढांचे को अलग कंपनियों में बदला जाए और रेलवे के सार्वजनिक उपक्रमों के लिए एक होल्डिंग कंपनी बनाई जाए.
चौथाः रेलवे की नई कंपनियों में निजी निवेश आमंत्रित किया जाए या उन्हें विनिवेश के जरिए शेयर बाजार में सूचीबद्ध कराया जाए जैसा कि दूरसंचार सेवा विभाग को बीएसएनएल में बदल कर किया गया था.
बजटों के विलय के साथ रेलवे अपने सौ साल पुराने इतिहास की तरफ लौटती दिख रही है. 1880 से पहले लगभग आधा दर्जन निजी कंपनियां रेल सेवा चलाती थीं. ब्रिटिश सरकार ने अगले 40 साल तक इनका अधिग्रहण किया और रेलवे को विशाल सरकारी ट्रांसपोर्टर में बदल दिया. इस पुनर्गठन के बाद 1921 में एकवर्थ समिति की सिफारिश के आधार पर स्वतंत्र रेलवे बजट की परंपरा प्रारंभ हुई, जिसमें रेलवे का वाणिज्यिक स्वरूप बनाए रखने के लिए केंद्र सरकार की ओर से ''रेलवे की लाभांश व्यवस्था" तय की गई थी. अब बजट मिलन के बाद रेलवे को समग्र कंपनीकरण की तरफ लौटना होगा ताकि इसे वाणिज्यिक और सामाजिक रूप से लाभप्रद और सक्षम बनाया जा सके. डिब्बा पहिया, इंजन, कैटरिंग, रिजर्वेशन के लिए अलग-अलग कंपनियां पहले से हैं, सबसे बड़े संचालनों यानी परिवहन और बुनियादी ढांचे के लिए कंपनियों का गठन अगला कदम होना चाहिए.
पर अंदेशा है कि राजनैतिक चुनौतियों के डर से सरकार रेल बजट की परंपरा बंद करने तक सीमित न रह जाए. रेल बजट का आम बजट में विलय भारतीय रेल को बदलने का आखिरी मौका है. अब सियासी नेतृत्व को रेलवे के पुनर्गठन की कड़वी गोली चबानी ही पड़ेगी वरना रेलवे का बोझ जेटली की वित्तीय सफलताओं को ध्वस्त कर देगा.
  
Sep 16 2016 (9:31PM)  10K m-tickets sold daily in Southern Rly's Chennai div (epaperbeta.timesofindia.com)
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Rail BudgetSR/Southern  -  

News Entry# 280324     
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Sep 16 2016 (9:31PM)
Station Tag: Chennai Central/MAS added by Karthik Iyer ^~/248735

Posted by: Karthik Iyer^~  583 news posts
The sale of mobile tickets for travel on suburban trains in Chennai division of Southern Railway has touched another milestone.The number of mtickets sold per day in August crossed 10,000 or 3 lakh a month, official figures say.
This is more than a 10-fold increase from August 2015, when only 938 mtickets were sold daily. Officials say the jump came through sustained awareness campaigns at suburban stations and on social media till a few months ago.
Introduced in April 2015, the facility was envisaged to eliminate long queu es at ticket counters.Suburban commuters
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could download the Unreserved Ticketing System (UTS) app on their android devices and buy tickets through it. The R-wallet, to be used for making payment for the tickets, can now be recharged online as opposed to counter payment earlier.
The breakthrough came when the facility was provided to sell season tickets as well.
  
Sep 14 2016 (3:45PM)  Single budget will save Railways Rs. 10,000 cr. (www.thehindu.com)
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Rail Budget

News Entry# 280024     
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Posted by: rdb*^  123524 news posts
The cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend if the separate Rail Budget is scrapped, which is likely to happen from next fiscal.
A joint committee set up to finalise the modalities for the merger of Rail Budget with the General Budget has submitted its report to the Finance Ministry recommending various changes including waiving off of payment of dividend by railways though the practice of getting gross budgetary support (GBS) from the exchequer will continue.
Railways pays about Rs 10,000 crore
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as dividend a year after getting about Rs 40,000 crore.The General Budget to be presented by the Finance Minister will also have a separate annexure with details of plan and non-plan expenditures to be incurred by the national transporter, according to the recommendations of the joint committee comprising senior officials from the Railways and Finance ministries.
The recommendations will be placed before the Cabinet for a final decision, the sources said.
The report on the merger of the Rail Budget and General Budget, was to be submitted by August 31 but was delayed and finally submitted on September 8, official sources in the Railways said. — PTI
  
Sep 14 2016 (3:05PM)  Single budget will save Railways Rs. 10,000 crore (www.thehindu.com)
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Rail Budget

News Entry# 280014   Blog Entry# 1991350     
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Posted by: rdb*^  123524 news posts
The cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend if the separate Rail Budget is scrapped, which is likely to happen from next fiscal.
A joint committee set up to finalise the modalities for the merger of Rail Budget with the General Budget has submitted its report to the Finance Ministry recommending various changes including waiving off of payment of dividend by railways though the practice of getting gross budgetary support (GBS) from the exchequer will continue.
Railways pays about Rs 10,000 crore
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more...
as dividend a year after getting about Rs 40,000 crore.The General Budget to be presented by the Finance Minister will also have a separate annexure with details of plan and non-plan expenditures to be incurred by the national transporter, according to the recommendations of the joint committee comprising senior officials from the Railways and Finance ministries.
The recommendations will be placed before the Cabinet for a final decision, the sources said.
The report on the merger of the Rail Budget and General Budget, was to be submitted by August 31 but was delayed and finally submitted on September 8, official sources in the Railways said.
Keywords: Union Budget, Railway budget

  

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Sep 14 2016 (3:24PM)
2jayaram   2 blog posts
Re# 1991350-1            Tags   Past Edits
Merging of Railway Budget with the General Budget is a dis-aster. The focus on Railways will get lost. Railways will become like one more government department. You will never hear about Railway's finances after that? Does anyone notice what happened to Post office and their finances. Railways will become like another black-hole like Post offices. Suresh Prabhu is planning to kill Railways with this. We will become like Pakistan in Railways. Slowly Railway will die.
  
Sep 13 2016 (8:44PM)  FinMin to soon float Cabinet note for merger of railway budget (www.moneycontrol.com)
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Posted by: ❤♬Vinoo Varghese♬❤~  13 news posts
The draft note will be floated for inter-ministerial discussion before it is tabled before the Cabinet, which is likely to take up these issues towards the end of this month, sources said.
The finance ministry will shortly circulate a Cabinet note to merge the railway budget with the Union Budget, advance presentation by a month and doing away with Plan and non-Plan expenditure head in the Budget.
The draft note will be floated for inter-ministerial discussion before it is tabled before the Cabinet, which is likely to take up these issues towards
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the end of this month, sources said. If the Cabinet agrees to the finance ministry's proposal, the Budget will be presented in January instead of the last working day of February. The ministry also seeks to end distinction between Plan and non-Plan expenditure and replace it with capital and revenue expenditure.
The finance ministry is seeking approval for these three proposals with an intention to get them implemented in the Budget for 2017-18, the sources said. There is no specific date mentioned in the Constitution for presenting the Union Budget. The Narendra Modi government is planning to present it in the last week of January so that the entire process can be wrapped up by March. The new financial year starts from April 1. Besides, Railway Minister Suresh Prabhu has favoured scrapping the practice of having a separate railway budget. He wants it to be merged with the general Budget like it happens in all other ministries, including the all-crucial Defence.
Considered a British legacy, India follows accounting period from April to March, in line with the Gregorian calendar of accounting. The government has constituted a committee headed by former chief economic advisor Shankar Acharya to study the feasibility of adopting a new financial year. The panel is slated to submit its report by December 31, 2016.
Previously, the L K Jha Committee, appointed in May 1984 to look into the matter, had recommended switching over to the calendar year, but the government did not accept the recommendation, saying it would cause large-scale problems as most Indian companies follow the April-March cycle. As the financial year begins on April 1, the government in March takes Parliament's approval for Vote-on-Account for a sum of money sufficient to meet expenditure on various items for the next 2-3 months till the full Budget is passed. The Demands and Appropriation Bill entailing full-year expenditure as well as tax changes is then passed in April-May.
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