No separate Rail Budget from 2017, to be merged with General Budget

Mangalore Today News Network

New Delhi, Aug 13, 2016: No separate railway budget will be tabled in parliament from the financial year 2017.

The 92-year-old practice will come to an end next year, as per a report published in the Times of India.

The report mentions that the finance ministry has agreed to merge the rail budget with the union budget from the next fiscal year.

The newspaper further claims that a five-member committee has been constituted by the finance ministry to work out a plan.

The decision to scrap separate rail budget was made after a two-member committee of Niti Aayog officials proposed the same.