September 3, 2016 1:23 PM

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Railway budget likely to be presented by Finance Minister by 2017

By 2017, the railway budget is likely to be presented by the Finance Minister in general way and not separately as a Railway budget. Railway Minister Suresh Prabhu assured this at International Conference on Indian Railways held in Mumbai today. He said that a committee has been set up for the same. Mr Prabhu intends to scrap the 90 year colonial trend of presenting the railway budget separately. He wants it to be presented by the Finance Minister of India in a consolidated way along with the general budget. Emphasising on railway safety, the minister said that it is one of the most serious concerns which the Ministry is focusing upon for which a demand of 5 lakh crores has already been made to the Finance Ministry for the next 5 years.Mr Prabhu said that the State joint ventures with Indian Railways is going to be a game changer in the times to come . The major advantage of joint ventures with the State is that the management bandwidth would be increased which would definitely speed up the implementation process and completion can be achieved within the stipulated span of time.

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