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Cabinet approves merger of rail budget with general budget; advancement of budget presentation and merger of plan and non-plan classification in budget and accounts

Budget - Dated:- 21-9-2016 - The Union Cabinet has approved the proposals of Ministry of Finance on certain landmark budgetary reforms relating to (i) the merger of Railway budget with the General budget, (ii) the advancement of the date of Budget pr .....

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ailway Budget with the General Budget: The arrangements for merger of Railway budget with the General budget have been approved by the Cabinet with the following administrative and financial arrangements- (i) The Railways will continue to maintain it .....

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l continue wherein Railways will meet all their revenue expenditure, including ordinary working expenses, pay and allowances and pensions etc. from their revenue receipts; (iv) The Capital at charge of the Railways estimated at ₹ 2.27 lakh cror .....

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ty of payment of approximately ₹ 9,700 crore annual dividend to the Government of India; The presentation of separate Railway budget started in the year 1924, and has continued after independence as a convention rather than under Constitutional .....

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ted to reduce the procedural requirements and instead bring into focus, the aspects of delivery and good governance. Consequent to the merger, the appropriations for Railways will form part of the main Appropriation Bill. Advancement of the Budget pr .....

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017-18 would be decided keeping in view the date of assembly elections to be held in States. This would help in following ways: The advancement of budget presentation by a month and completion of Budget related legislative business before 31st March .....

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quarter. This will also preclude the need for seeking appropriation through 'Vote on Account' and enable implementation of the legislative changes in tax; laws for new taxation measures from the beginning of the financial year. Merger of Plan .....

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