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100 _aKumar, Sanjiv
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245 _aMerger of the railway budget with the general budget: A critical study
260 _aIndian Journal of Public Administration
300 _a 71(2), Jun, 2025: p.354-370
520 _aThe merger of the separate Railway Budget with the General Budget marks a significant stride in the structural reforms within the Indian railways. This reform is strategically aimed at bringing railways investment to the forefront of holistic transportation policy and financing. By exempting dividend payment liability at the railways, the merger seeks to alleviate financial burdens and foster greater focus on infrastructural development. Chronic infrastructural constraints, exacerbated by under-investment and populist measures, have impeded the railways from effectively supporting India’s economic growth. The century-old practice of a separate Railway Budget has been identified as a contributing factor to these challenges. The integration of the Railway Budget into the General Budget has improved comprehension at the governmental and parliamentary levels. This consolidation has also facilitated enhanced budgetary support and capital expenditure allocation, thereby fostering an environment conducive to addressing infrastructural deficits and enhancing traffic performance with far-reaching implications for the nation’s economic development trajectory.- Reproduced https://journals.sagepub.com/doi/full/10.1177/00195561251335783
650 _aStructural reforms, Merger of budgets, Infrastructure, Growth, Divided, Gross budgetary support, Capital expenditure, Railways, Under-investment.
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773 _aIndian Journal of Public Administration
942 _cAR