The Centre's decision to scrap the colonial era practice of two Budgets, 92 years after it was introduced means goodbye to another British legacy.
The Railway Budget is usually presented two days before the Union Budget. Though there will be no Railway Budget, the railway ministry will continue to have autonomy over fares, salaries, pension bill, tariff revision and market borrowing, enabling it to maintain its distinct identity.
The move could be a game changer and save the government a lot of time, money and effort. Another colonial legacy, the prime minister's residential address, 7, Race Course Road, is also becoming history now, with the road set to be renamed as 7, Lok Kalyan Marg.
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The Railway Budget is usually presented two days before the Union Budget. Though there will be no Railway Budget, the railway ministry will continue to have autonomy over fares, salaries, pension bill, tariff revision and market borrowing, enabling it to maintain its distinct identity.
The move could be a game changer and save the government a lot of time, money and effort. Another colonial legacy, the prime minister's residential address, 7, Race Course Road, is also becoming history now, with the road set to be renamed as 7, Lok Kalyan Marg.
N J Ravi Chander Bengaluru
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number