Merging Rail & General budget

Q.  Which of the following is proposed to be implemented from budget 2017-18?

1) Merger of Railway budget with the General budget
2) Advancement of the date of Budget presentation
3) Merger of the Plan and the Non-Plan classification in the Budget and Accounts
- Published on 22 Sep 16

a. 2, 3
b. 1
c. 1, 3
d. All of the above

ANSWER: All of the above
 
Merging Rail & General budgetThe Union Cabinet has approved the proposals of Ministry of Finance on certain landmark budgetary reforms relating to

(i) the merger of Railway budget with the General budget,
(ii) the advancement of the date of Budget presentation from the last day of February and
(iii) the merger of the Plan and the Non-Plan classification in the Budget and Accounts.
  • All these changes will be put into effect simultaneously from the Budget 2017-18.

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