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Railway budget of India was the Annual Financial Statement for Indian Railways administered by the Railway Board, which handles rail transport in India. It was presented every year by the Minister of Railways , representing the Ministry of Railways , in the Parliament .
Crew management: The Crew Management System (CMS) software provides real-time railway crew information. Information includes location, status, train assignment, time off and continuing education. The software issues SMS alerts to management and supervisors. It can book crew for coaching, shunting and freight service. The software supports ...
At the apex level of policy formulation, the Financial Commissioner, Railways, assisted by Additional Member (Finance), Additional Member (Budget), Adviser (Finance) and Adviser (Accounting Reforms) in–charge of Budgeting, Expenditure, Earnings, Accounting and Accounting Development/Reforms, is there to aid and guide the Ministry of Railways ...
The first railway budget was presented in 1924. [6] Since then, Railway budget was presented as a standalone budget every year before the union budget till 2016. [20] The last Railway Budget was presented on 25 February 2016 and on 21 September 2016, Government of India approved merger of the rail and general budgets from 2017. [21]
The Fiscal Responsibility and Budget Management Bill (FRBM Bill) was introduced in India by the then Finance Minister of India, Yashwant Sinha [1] in December 2000. Firstly, the bill highlighted the terrible state of government finances in India both at the Union and the state levels under the statement of objects and reasons. [2]
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
The 2016 Railway Budget of India refers to the Railway Budget of the Indian Railways in the fiscal year 2016–17. The budget was presented by the Railway Minister Suresh Prabhu in the Parliament of India on 25 February 2016. [1] It was the final Railway Budget of India as after this budget, the Railway Budget got merged with the Union budget ...
After Railway Minister Suresh Prabhu presented his maiden budget, Prime Minister Narendra Modi tweeted: "Rail budget 2015 is a forward looking, futuristic and passenger centric budget, combining a clear vision and a definite plan to achieve it." Nitin Gadkari, the Transport Minister called the budget reformative.