The railway budget was separated from the general budget to 1 Secure stability of the general revenu...........

Economic Affairs Public Finance and Debt Management

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The railway budget was separated from the general budget to

1. Secure stability of the general revenues by providing an assured annual contribution from railway revenues.

2. Enable railways to keep their profits for their own development.

3. Facilitate a business approach to the railway policy

Select the correct answer using the codes given below.

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

All the statements are correct.
The Government has decided to merge Rail Budget with the Union Budget from budget year 2017-18. The merger of Railway Budget with General Budget is based on the recommendations of the Committee headed by Shri Bibek Debroy, Member, NITI Aayog and a separate paper on ‘Dispensing with the Railway Budget’ by Shri Bibek Debroy along with Shri Kishore Desai.