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Railway budget: In the coming days, the general budget of the country is going to come among all of us, where Finance Minister Nirmala Sitharaman is going to present the general budget of the country in the Parliament on February 1, 2023. Let us tell you that the Modi government will present its last full budget before the 2024 Lok Sabha elections, for which the government is extensively preparing. Before the second year 2017, Indian Railways used to present its own budget separately, which has been abolished and now it is presented along with the general budget. Whereas today we are going to tell you about the story of inclusion of railway budget in the general budget.
This is the story of inclusion of railway budget in general budget
Prior to the year 2017, the railway budget was presented separately from the general budget, while in the first term of the Modi government, by ending the 92-year-old practice, railway budget announcements were made in the general budget from 2017 itself. While ending this practice, the Finance Minister himself. Arun Jaitley presented this general budget, while earlier the railway budget was presented on the floor of the Parliament by the railway minister a day before the general budget.
Changes were made on his advice
Let us tell you that the NITI Aayog had advised the government to change the decades-old pattern, where the change was approved after a lot of deliberations. At the same time, after extensive discussions with different authorities, the government had decided to include it in the general budget. On the other hand, the idea was considered good as the share of the Railways budget is very less as compared to the general budget.
India’s first railway budget came in this year.
Let us tell you that India’s first railway budget was presented in the year 1924 during the British rule, while it was a separate railway budget, because earlier the railway budget was presented along with the general budget. At the same time, in the year 1920-21, the Ackworth Committee submitted a report regarding the presentation of the Railway Budget separately.
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