Annual Financial Statement of the state-owned Indian Railways
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The Union Minister for Railways, Shri Lalu Prasad after giving final touches to the Railway Budget 2009–10, in New Delhi on February 12, 2009
Railway budget of India was the Annual Financial Statement of the state-owned Indian Railways, which handles rail transport in India. It was presented every year by the Minister of Railways, representing the Ministry of Railways, in the Parliament.
The Railway Budget was presented every year, a few days before the Union budget, till 2016. Modi government on 21 September 2016 approved merger of the Rail and General budgets from the next year, ending a 92-year-old practice of a separate budget for the nation's largest transporter. Railways Minister Suresh Prabhu said that this merger proposal was in the long term interest of railways as well as the country's economy and was a colonial practice that needed to be ended.[1]
^"Railway budget to be merged with General budget from 2017". 14 August 2016 – via www.thehindu.com.
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