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Blog Entry# 1953598  
Posted: Aug 06 2016 (14:22)

1 Responses
Last Response: Aug 06 2016 (14:22)
Rail News
IR Affairs
Aug 06 2016 (11:57)   Govt examining suggestion to phase out Rail Budget | Business Standard News

For Better Managed Indian Railways~   948 news posts
Entry# 1953598   News Entry# 276191         Tags   Past Edits
Finance Ministry is examining the suggestions of the Bibek Debroy panel, which among other things had suggested phasing out of separate railway budget, the Lok Sabha was informed on Friday.
The Committee under the chairmanship of Debroy (Member, NITI Aayog) on restructuring of Ministry of Railways recommended that the British-era legacy of having a separate railway budget should be phased out and it should be merged with the General Budget.
"The recommendations of the Committee are being examined by this Ministry, in consultation with Ministry of Railways," said Minister of State for Finance
Arjun Ram Meghwal in a written reply to the Lok Sabha.

Aug 06 2016 (14:22)
For Better Managed Indian Railways~   1933 blog posts
Re# 1953598-1            Tags   Past Edits
Separate rail budget is not good or bad in itself.
If IRlys have to develop, the rail budget shall give paramount importance to it over other sectors and help IRlys highlight its requirements & problems before the nation. Rly budget was started to help railways grow faster so as to augment the National Economy by facilitating cost effective logistics for transporting goods & passengers throughout the country. But this could happen only if intentions are right and decisions are taken with ethical & fiscal maturity by the decision makers.
But the way
discussions take place in during the rly. budget sessions, and demands the public representatives raise, clearly indicates that, the rail budget has become a tool for political expediency. Every public representative childishly want heavens for their constituencies for political benefits, without bothering of techno-economic feasibility/implications of their demands on IRlys. Decision makers are one who have either no knowledge or very little knowledge of IRlys, and the knowledgeable, experienced and demotivated Rly Technocrats just have to follow the decisions so taken, knowing the all the ill effects.
Railway budget practically has become a tool for political expediency. Railway budget is actually a double edged sword, which has much more injured IRlys (financially & technologically) since decades instead of help cutting/ solving the problems faced by the railways. Hence the thought goes that, it is better to stop it.
Even after stopping the Rly Budget, not much benefits can be achieved unless the primary intention of the decision makers is to run railways for betterment of nation and to discharge the social obligations in a financially prudent manner.

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