Railway Budget 2023: Finance Minister Nirmala Sitharaman is going to present the last budget of the second term of the Modi government (Budget 2023) on 1 February i.e. Wednesday. The year 2024 is an election year. In such a situation, the government can make many announcements to give relief to the common man. There are many important decisions related to railways in this. The Finance Minister will present her budget speech in Parliament tomorrow at 11 am. The budget is most important for the country because through this the government keeps track of the country’s income and expenditure and plans for the development of the country in the future. With the changing times, there have been many changes in the way of presenting the budget. In the year 2017, the Modi government had made a big change in the Union Budget 2023.
Change in 92 years of tradition
The Modi government had made a major change in the budget in the year 2017. Before the year 2017, two types of budgets were presented in the country. First Rail Budget and second General Budget. In the general budget, the government used to give information about many important announcements related to education, health, defense and economic development of the country. On the other hand, the announcements related to the Railways were presented separately in the Railway Budget Parliament.
The Railway Budget was first presented in the year 1924 by the British Government. Since then, the tradition of presenting the Railway Budget (Railway Budget 2023) every year a day before the General Budget was going on, which the Modi government has changed in the year 2017. In 2017, the government merged the general budget and the railway budget, and after that only one budget was presented from the year 2017.
Arun Jaitley presented the first common budget in 2017
Let us tell you that for the first time in the year 2017, the railway budget was presented by the then Finance Minister Arun Jaitley in the general budget itself. Since then this tradition is going on continuously. It is worth noting that the NITI Aayog had advised to end this tradition which was being followed by the British rule.
The government had decided to merge the railway budget with the general budget after discussing the matter with different authorities. Since then only one budget is presented in the country. Before presenting the budget, the Finance Minister also presents the Economic Survey of the country, through which the account of the economic condition of the country is presented before the country.
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