- Historically, from 1924 until 2016, the Railway Budget was presented separately from the Union Budget in India. - This practice was based on the recommendations of the Acworth Committee in 1921, aimed at giving railways financial autonomy. - However, in September 2016, the Union Cabinet approved the merger of the Railway Budget with the Union Budget. - The separate presentation of the Railway Budget was discontinued from the financial year 2017-18 onwards. - Currently, the financial proposals for the railways are presented as part of the main Union Budget.
The Railway Budget of India is
Asked in WBPSC CS Prelims 2015 · Topic: The Governance System (Role of Executive in Governance)
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