Budget 2024: How India’s Railway Budget has changed over the years

The allocations towards Indian Railways are among the most anticipated announcements in the Budget. Earlier, a separate budget was provided for railways but the practice was ended in 2017 when Arun Jaitley became the first finance minister to present a combined railway and union budget.

With this, the 92-year-old-long history of the separate railway and union budgets came to an end.

When was the first Railway Budget presented?

The Railway Budget was separated from the General Budget in 1924, after the recommendations of the Acworth Committee in 1920-21.