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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 .
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The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
– Egyptian National Railways reintroduces service between Al Ismailia and Bir-al-Abd. [132] October 11 – Xuancheng–Jixi high-speed railway starts operations between Xuancheng and Jixi County. [133] October 12 – Line 4 of the Milan Metro extends from San Babila to San Cristoforo. [134] October 13 – Translink opens Belfast Grand Central ...
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]
[8] [9] Indian Railways will soon start the upgradation of tracks with high strength rails (R-350).The railways has started the work to increase the design speed limit of the next-generation Vande Bharat sleeper trains to 220 kmph and work has also started to improve the Delhi-Mumbai and Delhi-Howrah lines to allow trains to run at 160 km/h. [10]
– Xiong'an Rail Transit: Line R1 opens between Daxing Airport and Xiong'an Terminal. [133] – Line 15 of the Xi'an Metro opens between Xiliu and Hanjiawan. [134] – Xi'an–Yan'an high-speed railway opens between Xi'an East and Yan'an, parallelling the existing Xi'an–Yan'an railway. [135]
The first railway budget was presented in 1924. [12] Since then, Railway budget was presented as a standalone budget every year before the union budget by the Railway Minister till 2016. [ 13 ] 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 ...