10 Facts About the Railway Budget that You Must Know

10 Facts About the Railway Budget that You Must Know

The presentation of the Railway Budget by the Union Minister of Railways is watched with keen interest as people want to know the changes in the railway fares, the new trains being introduced and so. But do you know when the Railway Budget was separated from the General Budget and why it was separated?

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Here are some interesting facts about Railway Budget that you must know.

 

10 Facts About the Railway Budget that You Must Know

  1. The Acworth Committee in 1921 recommended unified management of the entire railway system. Given that Railways was a huge asset in that era, Railway budget separate from the General budget was recommended.
  2. The recommendations of the Acworth Committte were accepted in 1924. This led to practice of presentation of Railways Budget separately from the General Budget.
  3. Separate Railway Budget allows for Parliamentary accountability as well as managerial autonomy.
  4. The first separate Railway Budget was presented in India in 1925.
  5. Independent India’s first Railway Budget was presented by John Mathai in 1947.
  6. The  Constitution of India does not have provisions for a separate Railway Budget.
  7. Provision for separate Railway Budget is mentioned in the Rules of Procedure of Parliament.
  8. The Union Minister of Railways unveils the railway budget a few days ahead of the General Budget.
  9. Though the Railway Budget is presented to the Parliament separately, the effects of the Railway Budget  have been incorporated in the General Budget.
  10. Various committees have recommended doing away with the separation between the Railway Budget and General Budget.

Some other Interesting Facts About Indian Railways 

  • Indian Railways, the world’s fourth largest in terms of network, is a lifeline for the 13 million people who use it every day. Here are ten key facts about the railways that you must know.
  • It runs 11,000 trains every day on tracks that spread over 60,000 km in length.
  • It employs close to 1.54 million people, making it the seventh-largest employer in the world, according to Forbes.
  • A trip on the Vivek Express is like an odyssey. India’s longest-route train runs between Dibrugarh and Kanyakumari, a distance of 4,286 km with 56 stops and a running time of 82.30 hours. A train between Nagpur and Ajni runs for just 3 km.
  • The Trivandrum-Nizamuddin Rajdhani Express covers the 528-km distance between Vadodara and Kota in 6.5 hours without any stops. It is the longest ‘non-stop train’ in India. The Howrah-Amritsar Express has the most number of stops–115.