Accepting Railway Minister Suresh Prabhu’s proposal to merge Rail Budget with the General Budget, Finance Ministry on August 14 agreed to end the age-old practice.
This practice bore on the Indian Railway an additional annual dividend to pay for its gross budgetary support.
Indian Railway news
These 5 members comprise of senior officials of the Ministry and the national transporter and have been asked to submit their report by August 31 this year.
With the burden of Railway Budget, the public sector has to bear an additional burden of about Rs 40,000 crore on account of implementation of the 7th Pay Commission, besides an annual outgo of Rs 32,000 crore on subsidies.