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The Union Minister of Railways Shri Lalu Prasad giving finishing touches to the Railway Budget, 2004 - 2005 in New Delhi on July 5, 2004. Lalu Prasad Yadav, who remained Railways Minister from 2004 to May 2009, presented the railway budget 6 times in a row. In 2009, under his tenure a ₹ 108 billion (US$1.2 billion) budget was passed. [10]
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]
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 ...
The recruitment and promotion to various grades of RBSS are governed by Railway Board Secretariat Service Rules, 1969 notified on 11 Oct 1969 and a number of modifications and amendments made to the principle rules thereafter last being through Railway Board Secretariat Service (Amendment) Rules, 2004 notified in December 2004. [12]
The Surface Transportation Board manages economic aspects of railroads, including rates, service, acquisition, and abandonment. The Federal Transit Administration provides financial and technical assistance to local public transit agencies, including local rail operators not regulated by the FRA (subway, elevated rail, and light rail).
The Centre for Railway Information Systems (CRIS) designs, develops, implements and maintains most of the important information systems of Indian Railways. It is under the ownership of Government of India and administrative control of the Ministry of Railways. It is located in Chanakyapuri, New Delhi. CRIS was established in 1986.
The Passenger Amenities Committee (PAC) is a statutory Organization body under the Ministry of Railways (India), Government of India. [1] It is tasked with grievances of passengers for the ease of railway transport in India.
Rail Bhawan is the headquarters of the Indian Railways. [1] It is located at Raisina Road, New Delhi, near the Sansad Bhavan (Parliament House). The office of Minister of Railways Shri Ashwini Vaishnaw and Minister of State, Railways Shri Ravneet Singh and Shri V. Somanna is in the Rail Bhavan, along with the Railway Board, comprising 7 members headed by Chairman Railway Board, Shri Satish Kumar.