Monday 19th, March 2018
canara news

I voluntarily gave up rail budget: Suresh Prabhu

Published On : 26 Apr 2017

New Delhi (PTI) Railways Minister Suresh Prabhu on Wednesday said he himself had volunteered for clubbing of railways budget with the General Budget, and it was "not a take over" by the Finance Ministry.

Ending a nearly century-old practice of having a separate budget for railways, the government from the current fiscal merged it with the General Budget, which was presented by Finance Minister Arun Jaitley on February 1.

During an exclusive interaction with PTI, Prabhu was talking about the vision for making the public transport more efficient and profitable.

He said there was only one source of funds for the railways, and that was the Budget.

"Arun Jaitley will always say I have so many priorities and rightly so. If I were the Finance Minister I will say the same thing," he said.

To a question on merger of rail budget with the Union Budget, the minister quipped: "I voluntarily gave it up. It was not a take over. It was a voluntary merger".

A separate Budget for Railways has been presented to Parliament since 1924 even though neither the Constitution nor legal requirements call for a separate Budget. The practice has now been discontinued.

More News

Sebi fines NDTV for disclosure lapses
Sebi fines NDTV for disclosure lapses
PNB fraud fallout: Survey shows drop in diamond demand
PNB fraud fallout: Survey shows drop in diamond demand
Sebi slaps Rs 12 L fine on merchant banker in Onelife Capital IPO case
Sebi slaps Rs 12 L fine on merchant banker in Onelife Capital IPO case

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will be held responsible.