when was the first railway budget in india introduced
Rail Budget John Mathai presented the first Railway Budget for independent India in November 1947.
Rail Budget The last Railway Budget [8] was presented on 25 February 2016 by Mr. Suresh Prabhu.
Rail Budget The Railway Budget was presented every year, a few days before the Union budget of India, till 2016. The Government on 21 September 2016 approved merger of the Rail and General budgets from next year, ending a 92-year-old practice of a separate budget for the nationâ€™s largest transporter.[1]
Railway nationalization Indian Railways has been state owned since 1951.
List of districts in India A district (
Rail Budget Following the recommendation of the Acworth Committee in 1920-21, headed by British railway economist William Acworth[2] The "Acworth Report" led to reorganisation of railways, the railway finances were separated from the general government finances in 1921. After that in 1924 the budget was announced, a practice that continued till 2016.[3][4][5]