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Blog Entry# 2032612
Posted: Oct 22 2016 (15:35)

1 Responses
Last Response: Oct 22 2016 (15:35)
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Rail Budget
Oct 22 2016 (07:49)   Railway Board Officials Brief Parliamentary Panel On Budget Merger

rdb*^   133028 news posts
Entry# 2032612   News Entry# 283692         Tags   Past Edits
New Delhi: Railway Board officials today briefed a Parliamentary panel on the implications of the government's decision to merge the railway budget with the general budget.
Railway Board Chairman A K Mittal explained various issues related with the merger to the Parliamentary Standing Committee on Finance, sources said.
Representatives of Railway Board briefed the committee, headed by senior Congress leader M Veerappa Moily, about the government's budgetary reforms, including "merger of railway budget with general budget and the ramifications thereof", they said.
Cabinet last month approved the Finance Ministry's proposal on landmark budgetary reforms relating to merger of railway budget with the general budget and the advancement of the date of presentation from the last working day of February.
As per practice, the general budget is presented in the Lok Sabha on the last working day of February.
The Cabinet has also given its permission to the merger of Plan and Non-Plan classification in the Budget and Accounts.
The presentation of separate railway budget started in 1924, and has continued after independence as a convention rather than under Constitutional provisions.
Earlier, Railway Minister Suresh Prabhu had said that railways will maintain its separate identity and functional autonomy even after merger of its budget with the general budget.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Oct 22 2016 (15:35)
For Better Managed Indian Railways~   1933 blog posts
Re# 2032612-1            Tags   Past Edits
Merger of RB with GB may be good or may be bad. It is totally a matter of intention.
If real intention is to eliminate political interference as announced, then it is a very good step. Then it is expected that financially prudent policy decisions shall be taken in IR, without acceding to political/ departmental interests. IR shall then operate to fulfil the needs of Indian economy, the people & employees all.
If intention is not to eliminate political interference, then RM/Ruling party/bureaucracy shall have free run to clandestinely do what ever
needed to promote vested interests, and even parliament shall have little control it. Whatever flow of information and transparency regarding status of IR is there may be gone.

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