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In 2000, she became the first female to present the Railway budget [11] and is the only woman to do so for two different governing coalitions (NDA and UPA). In 2014 budget, Railway Minister D. V. Sadananda Gowda announced the first bullet train and 9 High-Speed Rail routes. [12] The last Railway Budget was presented on 25 February 2016 by Mr ...
The officers of Railway Board Secretariat Service used to constitute feeder categories for filling up the posts Indian Railway Personnel Service in its earlier days. Their services are also often taken by various Railway undertakings and corporations on deputation basis.
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]
The board however had the general supervision over the railway operations but referred to the government for matters of general policy. [3] Since its establishment in 1959 and up until 1 July 1962, the Railway Board management consisted of the former DG Railways, a financial member and an engineering member.
[5] [6] The Tarkessur company was taken over by the East Indian Railway in 1915. [7] The Howrah–Bardhaman chord, which crosses this branch line at Kamarkundu, was opened in 1917. [6] In Railway budget 2010–11, restoration of 51-kilometre long (32 mi) long Tarakeswar to Magra section as 5 ft 6 in (1,676 mm) Broad Gauge railway line was proposed.
The FY2014 budget includes $1.422 billion for operating expenses and $443.8M in debt and lease payments. [needs update] The FY2010 budget was supplemented by $160 million in sales tax revenue when the statewide rate was raised from 5% to 6.25%, to avoid service cuts or a fare increase in a year when deferred debt payments were coming due. [141]
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At the apex level of policy formulation, the Financial Commissioner, Railways, assisted by Additional Member (Finance), Additional Member (Budget), Adviser (Finance) and Adviser (Accounting Reforms) in–charge of Budgeting, Expenditure, Earnings, Accounting and Accounting Development/Reforms, is there to aid and guide the Ministry of Railways ...