Title - President approves change in rules for Rail Budget merger

To allow merger of rail budget with the central budget President Pranab Mukherjee has approved change of rules required.

As per a recent order issued by Cabinet Secretariat, the Department of Economic Affairs has been entrusted with the work relating to preparation of central budget including rail budget. Till now this department prepared general budget without rail.

Last year in September Union Cabinet has approved the landmark budget merger reform from 2017-18 onwards.

Way back in 1924 the practise of separate presentation of rail budget started and has continued till last year.

The Cabinet had also given nod for advancement of the date of budget presentation from the last day of February. The government will present the Union budget 2017-18 on February 1.