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Blog Entry# 1961640
Posted: Aug 13 2016 (16:47)

6 Responses
Last Response: Aug 14 2016 (17:59)
Rail News
Aug 13 2016 (16:43)   Railway budget's 92-year-old journey set to end in 2017

Ferroequinologist*^~   32 news posts
Entry# 1961640   News Entry# 277146         Tags   Past Edits
There will be no separate railway budget from next financial year, putting an end to a practice that started in 1924, with the finance ministry agreeing to the proposal to merge the transporter's annual exercise with the general budget.
Government sources told TOI that the finance ministry has constituted a five-member committee of officers to work out the modalities for the exercise, which will end the annual budget speech , often followed closely for project announcements, by the railway minister. The move 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.
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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. Prabhu had told Rajya Sabha on Tuesday that he has asked finance minister Arun Jaitley to merge the railway budget with general budget in long-term interest of national transporter as well as the country's economy. The minister, however, was non-committal about the timeline for the merger.
Once the rail budget is merged with the general budget, railways will be like any other government department that receives budgetary support but comes under the finance ministry's oversight as far as spending and earnings are concerned.
Once the overall funds are allocated, railways will then segregate them for various purposes with sources indicating that the model will be similar to the one for the postal department.
So basically BJP just clipped the wings of Congress in it''s ability to buy votes if it were to ever come in power which it will never.

1 posts - Sat Aug 13, 2016

Aug 13 2016 (17:10)
12952 नई दिल्ली मुंबई राजधानी द किंग^~   9705 blog posts   388 correct pred (78% accurate)
Re# 1961640-2            Tags   Past Edits
Budget me kuchh milta hi nhi to separate de ke kya fayda.
Jaha election waha facilities. Rule of this government

Aug 13 2016 (23:18)
Guest: b271b36   show all posts
Re# 1961640-3            Tags   Past Edits
Not this government sbhi govt ka yhi haal h, secondly country k better k ly selfishness chodni chahiye logo ko

Aug 14 2016 (17:13)
Ferroequinologist*^~   12224 blog posts   82 correct pred (71% accurate)
Re# 1961640-4            Tags   Past Edits
This railway budget practice was nothing but a budget to fulfill MP's demands for their votebank politics.. good that its out of the way..

Aug 14 2016 (17:45)
Proud atheist~   4562 blog posts   37 correct pred (63% accurate)
Re# 1961640-5            Tags   Past Edits
Yup now no one can criticise/question the RM in the parliament for favouring his region...

Aug 14 2016 (17:59)
Divert ShalimarGorakhpur Express via BKSC*^~   5346 blog posts   5033 correct pred (76% accurate)
Re# 1961640-6            Tags   Past Edits
Scrapping railway budget won't influence the political decisions and favourin MPs ? I doubt so because now, it will be used as a tool where required as per situation.

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