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Blog Entry# 2148989
Posted: Feb 02 2017 (14:44)

7 Responses
Last Response: Feb 03 2017 (19:09)
Rail Budget
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New/Special Trains
SECR/South East Central
Feb 02 2017 (14:18)   New budget effect: Railway bosses have no information

MAREECH_HA1NKS~   338 news posts
Entry# 2148989   News Entry# 292907         Tags   Past Edits
With the new budget system in force from this year, railway officials here on Wednesday struggled to get details about allocations and approval of various proposals...

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Feb 02 2017 (14:44)
I.R.needrejuvenation~
I.R.needrejuvenation~   1946 blog posts
Re# 2148989-1               Past Edits
New budget system has nothing to do with availability of Rly budget documents to concerned Rly officials. This year too Railway Budget has been made by Rly officials as usual, the only change in the new system is RM does not spell out Rly Budget details in the parliament and there is no separate discussion/passing of Rly budget. The Rly budget shall be automatically passed once the general budget is passed.
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Rly officials are not getting or declaring the details mainly due to RLy documents like not declared open by the parliament
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more...
as after budget presentation, the parliament was suspended for a day(2nd feb). It is reported in newspaper that the same shall be issued tomorrow by the parliament
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Some of the financial benefits to IR in this year's budget:
(1) Budgetary allocation has gone up from 47000 Cr to 55000 Cr i.e. extra Rs 8000 Cr
(2) No need to pay dividend i.e benefit of about Rs 10000 Cr
(3) About newly announced safety fund of 1lac Crore Rs (Fin Minisry share 25000 crore) in 5 yrs, picture is not clear. Whether there will be separate provision or it is included in Rs 55000 Cr?

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