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  Business   Economy  26 Apr 2017  I voluntarily gave up Rail Budget: Suresh Prabhu

I voluntarily gave up Rail Budget: Suresh Prabhu

PTI
Published : Apr 26, 2017, 6:14 pm IST
Updated : Apr 26, 2017, 6:14 pm IST

Rail Minister reveals his vision for making public transport in country more efficient and profitable.

Union Minister for Railways Suresh Prabhu (Photo: PTI)
 Union Minister for Railways Suresh Prabhu (Photo: PTI)

New Delhi: Railways Minister Suresh Prabhu today said he himself had volunteered for clubbing of railways budget with the General Budget, and it was "not a take over" by the Finance Ministry.

Ending a nearly century-old practice of having a separate budget for railways, the government from the current fiscal merged it with the General Budget, which was presented by Finance Minister Arun Jaitley on February 1.

 

During an exclusive interaction with PTI, Prabhu was talking about the vision for making the public transport more efficient and profitable. He said there was only one source of funds for the railways, and that was the Budget.

"Arun Jaitley will always say I have so many priorities and rightly so. If I were the Finance Minister I will say the same thing," he said. To a question on merger of rail budget with the Union Budget, the minister quipped: "I voluntarily gave it up. It was not a take over. It was a voluntary merger".

A separate Budget for Railways has been presented to Parliament since 1924 even though neither the Constitution nor legal requirements call for a separate Budget. The practice has now been discontinued.

 

Tags: rail budget, indian railways, budget for railways, general budget, rail minister, suresh prabhuunion budget, finance ministry, union budget 2017
Location: India, Delhi, New Delhi