The Modi government’s decision in 2017 to do away with the presentation of a separate annual budget for the Indian Railways was hailed as a significant reform. What got discarded was a 92-year-old practice, started by the British and continued by the Indian government even after independence. Presenting the Union Budget for 2017-18, the then finance minister, Arun Jaitley, had stated: “I feel privileged to present the first combined Budget of independent India that includes the Railways also. We are now in a position to synergise the investments in railways, roads, waterways and civil aviation.”
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