Diabytes
General Budget 2017-18 News
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Ending 92-year-old tradition of having a separate Railway Budget, the Cabinet has decided to merge it with the General Budget and agreed in-principle to advance the date of its presentation in Parliament from the usual February end.
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In a major overhaul, the Cabinet on Wednesday approved advancing presentation of the annual Budget by a month, scrapped over nine-decade old tradition of having a separate Railway Budget and removed classifications for expenditure to make the exercise simpler.
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This historic decision will end the 92-year old practice of presenting a separate Railway Budget.
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The proposal for advancing of the budget and the merger of the railway budget with it will be considered on Wednesday at a meeting of the union Cabinet to be chaired by Prime Minister Narendra Modi, who has been pushing for it.
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Breaking from tradition, the general budget of the union government is likely to be presented on February 1 instead of the last day of the month, as part of an overhaul that would also scrap the practice of a separate railway budget.
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