Railway Board forms panel to examine budgetary allocation, merger of funds

Focus towards minimising overlaps in fund purpose

The Railway Board has formed a committee to take a relook at the budgetary fund allocation in an attempt to minimise overlaps of fund purpose. In an order issued earlier this month, the Railway Board decided to constitute a committee to ‘examine feasibility of merging funds operated by Railways, including few connected issues/aspects.’

In addition to other responsibilities, this committee has been tasked with examining the feasibility of merging existing Railway Funds, keeping in view the relevance and need. It is also expected to suggest rules of allocation for merged fund(s).

"In the Indian Railways, money is traditionally allocated to