The Railway Budget was separated from General Budget owing to :
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EPFO EO AO 2023
Distributive Convention of 1925
Incorrect AnswerSeparation Convention of 1924
Correct AnswerBifurcation of Estimates of 1924
Incorrect AnswerEqualising Convention of 1925
Incorrect AnswerExplanation:
- The separation of the Railway Budget from the General Budget in India was initiated to ensure focused financial management and autonomy for the vast railway network.
- This separation allowed for better coordination and planning within the railway sector, highlighting its importance to the economy.
- The historical decision for this separation was taken under the Separation Convention of 1924.
- The Separation Convention of 1924 allowed for distinct management and presentation, tailored to the needs and development goals of the railways.
- Correct Answer: Separation Convention of 1924
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By: Parvesh Mehta