No Railway Budget from next financial year

August 14, 2016 13:26

The 92-year-old practice of presenting a separate Rail 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 for the merger. The committee has been asked to submit its report by August 31.

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