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Railway Budget

September 22, 2016
Cabinet Approves Early Union Budget, Merger of Rail Budget

In what can be seen as doing away with a practice that has been in vogue since the colonial era (92 years to be precise), Indian Government has opted to merge union and railway budgets. This also means that from now on there is no need to have different Votes on Account, and Appropriation Bills and this will save plenty of time as well. Incidentally, this is one reform that a lot of experts had [...]Read More

February 27, 2016
Railway Budget 2016-17

The Railway Budget of 2016, presented by Rail Minister Suresh Prabhu on 25 February 2016, was a signature NDA budget. It outlined the NaMo administration’s vision for modernization of the Indian Railways with a classic emphasis on services – an outlook that has now become synonymous with all the schemes that have received the PM’s approval in the past couple of years. The budget was lauded by many and criticised by others in equal measure. [...]Read More

February 25, 2016
Railway Budget 2016 Highlights

The Railway Minister Suresh Prabhu, who had admitted that the 2016 Railway Budget is going to be tougher than the last year, has been aware of the financial strain that the railways has come under. Calling the budget as the documentation of the journey of transforming, Prabhu added that the core objective is to make Indian Railways “an engine of employment generation and economic growth at national level” Read: Merger of Railway Budget with Union [...]Read More

February 26, 2015
Railway Budget 2015 Highlights

Suresh Prabhu was perhaps the most important individual in the country today as he presented the rail budget for the 2015-16 fiscal. There were some areas that attracted rather keen interest such as rates of freight and passenger fare. One also needed to keep in mind the critical financial condition of the railways (it is suffering from paucity of funds). Prabhu also needed to make sure that there were some proposals in his budget that [...]Read More

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