Scrap railway budget: Niti Aayog panel
• The British-era practice of presenting a separate railway budget may be discarded by the Narendra Modi government after a high-powered panel headed by Niti Aayog member Bibek Debroy recommended that the annual exercise should be scrapped.
• The NDA government has sought the Railway Ministry’s comments on a 20-page note sent by NITI Aayog to the Prime Minister’s Office (PMO), arguing in favour of doing away with the high-profile annual exercise.
• Sources...
more... said that the proposed move was aimed at bringing more reforms to the sector by making Railways more “agile and efficient”.
• It argues that except for the past year’s financial results, a typical Rail Budget can be declared through annual reports, outcome statements and vision documents or policy announcements, as is being done by other ministries
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