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Railway budget of India was the Annual Financial Statement for Indian Railways administered by the Railway Board, 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 Union Budget of India, also known as the Annual Financial Statement under Article 112 of the Indian Constitution, is the country's annual financial plan presented by the Ministry of Finance. It outlines the government's expected revenues, collected by the Department of Revenue , and planned expenditures, managed by the Department of ...
Indian Railways is a state-owned enterprise that is organised as a deparmental undertaking of the Ministry of Railways of the Government of India and operates India's national railway system. [ a ] As of 2024 [update] , it manages the fourth largest national railway system by size with a track length of 135,207 km (84,014 mi), running track ...
The 2016 Railway Budget of India refers to the Railway Budget of the Indian Railways in the fiscal year 2016–17. The budget was presented by the Railway Minister Suresh Prabhu in the Parliament of India on 25 February 2016. [1] It was the final Railway Budget of India as after this budget, the Railway Budget got merged with the Union budget ...
The first railway budget was presented in 1924. [6] Since then, Railway budget was presented as a standalone budget every year before the union budget till 2016. [20] The last Railway Budget was presented on 25 February 2016 and on 21 September 2016, Government of India approved merger of the rail and general budgets from 2017. [21]
After Railway Minister Suresh Prabhu presented his maiden budget, Prime Minister Narendra Modi tweeted: "Rail budget 2015 is a forward looking, futuristic and passenger centric budget, combining a clear vision and a definite plan to achieve it." Nitin Gadkari, the Transport Minister called the budget reformative.
The railways have faced complaints of substandard food in the past. [2] [3] He announced the introduction of a new rail-flaw detection system to better investigate the causes of accidents. The budget allocated a significant sum to the construction of bridges at unmanned crossings, a major cause of rail-track deaths.
The Indian Railway Accounts Service (IRAS; Bharatiya Rail Lekha Seva) is one of the Group A Central Civil Service of the Government of India. The civil servants under this Service are responsible for the Accounts and Finance Management of the Indian Railways.