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Wednesday, September 21, 2016

Cabinet clears merger of Railways and Union Budgets

The Union Cabinet has officially ended the practice of putting up a separateRailway Budget, which started in 1924, by merging it with the General Budget

The Cabinet also cleared finance ministry's proposals to reform the entire budgetary process, including advancing the date of budget presentation and dropping the plan and non-plan distinction. 

The Budget date would be decided later. 

Source:-The Economic Times

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