The Rail Budget is a colonial legacy, which got embedded in the system and had it being presented before the main ‘Budget’. Here’s how to have a single Union Budget, including the Railways. This is the right time for the government to change the accounting practice to ‘accrual basis’ rather than ‘actual flows’. Otherwise, linking numbers is difficult. This will make government data less confusing, transparent and of global standards!
New Delhi: Four interesting discussions are on in an area which, refreshingly, has nothing to do with the cliched issues of growth or monetary policy or any other fundamental economic indicators. These are conceptual in nature and question some long-held practices, rather than theories. They have appeared on the discussion table for resolution with several arguments on all sides.