The deficit at this point of time had stood at 74 per cent in the previous financial year
The government is likely to advance the date of budget presentation for 2017-18 to February 1 next year
Economists suggested that provisions should be made in the Budget to ensure that generation of black money is curbed
Early presentation of Budget will ensure that all legislative works are completed before the beginning of the new fiscal
The decision would lead to presentation of a single Appropriation Bill
Interview with Chief statistician, CSO
However, salary will remain the responsibility of the national transporter as there will be no change in the existing practice
Based on my personal experience as Railway minister I can say the decision will have no benefit, said Kumar
Party also seeks clarification on surge pricing in select trains, says Centre failed to meet freight growth target
Interview with Senior Fellow, Jackson Institute for Global Affairs & Distinguished Fellow, Brookings India
Interview with Member, NITI Aayog
The idea of merger with the Union Budget was first mooted by NITI Aayog member Bibek Debroy, dumping a 92-year-old colonial tradition
Professor of Economics in Harvard University Gita Gopinath wished that the Budget should not bring surprises on taxes
Mallikarjun Kharge also said that it will hit development of the railway network
CPI-M also said in a statement that the unilateral step was taken without discussion in the Parliament
The railways is expecting a revenue of Rs 1,84,820 cr during the current financial year (FY17), which officials claim will be achieved this year
According to the practice, the general budget is unveiled in Lok Sabha on the last working day of February
A key official argued that constitution of a new institution to deal with stressed assets would only delay the resolution of bad loans
The responsibility of fund raising will be with the centre after the merger
The 2017-18 Union Budget is likely to be read on the last day of January, instead of the last day of February