The 92-year-old practice of presenting a Railway budget is set to come to an end from the next fiscal, with the Finance Ministry accepting Railway Minister Suresh Prabhu’s proposal to merge it with the General budget.
According to railways, the Finance Ministry has now constituted a five-member committee, comprising senior officials of the Ministry and the national transporter, to work out the modalities of the merger and submit a report.
“I had written to Finance Minister Arun Jaitley for merger of the Rail budget with General budget. This will be in the Railways’ interest and also in the nation’s interest. We are working out the modalities,” Mr. Prabhu told PTI.