<p>Finance Minister <a href="https://www.deccanherald.com/tags/nirmala-sitharaman" rel="noopener noreferrer">Nirmala Sitharaman</a> will present the <a href="https://www.deccanherald.com/union-budget-2024" rel="noopener noreferrer">Union Budget</a> on July 23, having already presented an Interim Budget ahead of the Lok Sabha elections. In light of the upcoming Budget, we take a look at some trivia.</p>.<p>Did you know, that until 2017 the Railway Budget was presented separately from the Union Budget? </p><p>In 2017, the Railway Budget was merged with the Union Budget, which concluded a practice that had begun in 1924 under the British. </p><p>The decision came after a Niti Aayog commission submitted a white paper recommending that the practice be done away with. This recommendation was submitted to then-Railway Minister Suresh Prabhu. </p><p>Prabhu, in turn, wrote a letter to the then-Finance Minister Arun Jaitley to merge the Railway and Union Budgets for the welfare of the Railways and the Indian economy.</p><p>Arun Jaitely then brought this up in 2016 at the Rajya Sabha and a special committee was formed to plan the merger of the two Budgets.</p><p>Going by the Niti Aayog recommendations, the Railway Budget had shrunk significantly over the years, therefore doing away with the necessity of a separate Budget. </p><p>The recommendations also took note of the fact that the British had started this practice in 1924 since a significant portion of the government revenues and the country's Gross Domestic Product (GDP) depended on Railway revenues.</p><p>India was the only country with a separate Railway Budget. Arun Jaitley, in 2017, presented the first combined Union Budget, and this has been the practice since.</p> .<p><em><a href="https://www.deccanherald.com/union-budget-2024">Union Budget 2024</a> | Making a record for any Finance Minister, <a href="https://www.deccanherald.com/tags/nirmala-sitharaman">Nirmala Sitharaman</a> will be presenting her <a href="https://www.deccanherald.com/union-budget-2024">7th Union Budget</a> on July 23, 2024 under the <a href="https://www.deccanherald.com/tags/narendra-modi">Modi</a> 3.0 government. While inflation has burnt a hole in the pockets of 'aam janata', will this Budget spell relief for Indians? Track the latest coverage, live news, in-depth opinions, and analysis only on <a href="https://www.deccanherald.com/">Deccan Herald</a>. Also follow us on <a href="https://www.whatsapp.com/channel/0029Va4ifN6AYlULZASc7V3S">WhatsApp</a>, <a href="https://in.linkedin.com/company/deccanherald">LinkedIn</a>, <a href="https://x.com/DeccanHerald?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">X</a>, <a href="https://www.facebook.com/deccanherald">Facebook</a>, <a href="https://www.youtube.com/user/deccanads">YouTube</a>, and <a href="https://www.instagram.com/deccanherald/?hl=en">Instagram</a>.</em></p>
<p>Finance Minister <a href="https://www.deccanherald.com/tags/nirmala-sitharaman" rel="noopener noreferrer">Nirmala Sitharaman</a> will present the <a href="https://www.deccanherald.com/union-budget-2024" rel="noopener noreferrer">Union Budget</a> on July 23, having already presented an Interim Budget ahead of the Lok Sabha elections. In light of the upcoming Budget, we take a look at some trivia.</p>.<p>Did you know, that until 2017 the Railway Budget was presented separately from the Union Budget? </p><p>In 2017, the Railway Budget was merged with the Union Budget, which concluded a practice that had begun in 1924 under the British. </p><p>The decision came after a Niti Aayog commission submitted a white paper recommending that the practice be done away with. This recommendation was submitted to then-Railway Minister Suresh Prabhu. </p><p>Prabhu, in turn, wrote a letter to the then-Finance Minister Arun Jaitley to merge the Railway and Union Budgets for the welfare of the Railways and the Indian economy.</p><p>Arun Jaitely then brought this up in 2016 at the Rajya Sabha and a special committee was formed to plan the merger of the two Budgets.</p><p>Going by the Niti Aayog recommendations, the Railway Budget had shrunk significantly over the years, therefore doing away with the necessity of a separate Budget. </p><p>The recommendations also took note of the fact that the British had started this practice in 1924 since a significant portion of the government revenues and the country's Gross Domestic Product (GDP) depended on Railway revenues.</p><p>India was the only country with a separate Railway Budget. Arun Jaitley, in 2017, presented the first combined Union Budget, and this has been the practice since.</p> .<p><em><a href="https://www.deccanherald.com/union-budget-2024">Union Budget 2024</a> | Making a record for any Finance Minister, <a href="https://www.deccanherald.com/tags/nirmala-sitharaman">Nirmala Sitharaman</a> will be presenting her <a href="https://www.deccanherald.com/union-budget-2024">7th Union Budget</a> on July 23, 2024 under the <a href="https://www.deccanherald.com/tags/narendra-modi">Modi</a> 3.0 government. While inflation has burnt a hole in the pockets of 'aam janata', will this Budget spell relief for Indians? Track the latest coverage, live news, in-depth opinions, and analysis only on <a href="https://www.deccanherald.com/">Deccan Herald</a>. Also follow us on <a href="https://www.whatsapp.com/channel/0029Va4ifN6AYlULZASc7V3S">WhatsApp</a>, <a href="https://in.linkedin.com/company/deccanherald">LinkedIn</a>, <a href="https://x.com/DeccanHerald?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">X</a>, <a href="https://www.facebook.com/deccanherald">Facebook</a>, <a href="https://www.youtube.com/user/deccanads">YouTube</a>, and <a href="https://www.instagram.com/deccanherald/?hl=en">Instagram</a>.</em></p>