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Modi government on 21 September 2016 approved merger of the Rail and General budgets from the next year, ending a 92-year-old practice of a separate budget for the nation's largest transporter. Railways Minister Suresh Prabhu said that this merger proposal was in the long term interest of railways as well as the country's economy and was a ...
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]
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. [14] The railway budget was estimated to be ₹ 264,600 crore (US$31 billion) for the financial year 2023–24.
2014 Railway budget of India; 2015 Railway budget of India; 2016 Railway budget of India This page was last edited on 16 June 2018, at 11:20 (UTC). Text ...
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 2014 Railway Budget of India refers to the Railway Budget of the Indian Railways in the fiscal year 2014–15. The budget was presented in the Parliament of India by Railway Minister D. V. Sadananda Gowda on 8 July 2014.
In July 2018, the PwC said that the merger would cost around ₹ 30 billion (US$350 million) to convert the rolling stock and install other facilities for the merger. [96] On 11 May 2022, Southern Railway of the Indian Railways granted in-principle approval for the conversion of the MRTS into the metro. [97]