Credit : Google
Credit : Google
You must remember that before 2017, the budget was presented twice in the country. One is railway budget and the other is general budget. But in 2016, the Modi government merged the Railway Budget with the General Budget and the 92-year-old system came to an end.
Credit : Google
Later this decision was criticized a lot, but today when we review the decision after 7 years, it appears to be completely correct. In such a situation, let us tell you 5 reasons for the closure of the Railway Budget...
Credit : Google
The first reason behind merging the Railway Budget with the General Budget was that it would cause unnecessary inconvenience. Passing a separate budget for the Railways was an old practice and with changing times it had become unnecessary
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One intention behind merging the Railway Budget with the General Budget was to improve the condition of the Railways. When the entire budget was made together, it made it easier to allocate money to the Railways.
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The government's intention behind presenting the general budget and the railway budget together was to make long-term planning for infra projects. Preparing railway infrastructure and increasing passenger facilities according to the economic needs of India was also the goal of the government and NITI Aayog.
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Merger of budget not only increased transparency but also increased accountability. This made it easier for the Railways to review and audit the budget being released. It started being seen in combination with other sectors and its development could also be ensured along with other sectors.
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One of the intentions behind merging Railways with the general budget was to create better coordination with other modes of transport. This made it easier to review all these sectors at one place and allocate budget for them.
Credit : Google