The Budget for year 2017-18 projects a total shortfall of Rs 5.5 lakh crore with total expenditure projected at Rs 21.5 lakh crore against receipt (excluding states’ share) of Rs 16 lakh crore . A look at the different components of the budget.
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The merger of Rail budget with the Union budget after almost a century can be compared to the merger of a subsidiary with the parent company. However whether it remains a bureaucratic move or helps in terms of operational efficiency would become clear in the medium term only. The merger would, however, help in reducing the complexity … Continue reading Rail Budget "Merger".! What does it mean??