In a sweeping recast of India's annual budget process, the government ended the 92-year-old practice of having a separate rail budget, giving the embattled organisation political space to work below the radar and implement the massive reforms needed to turn it around. The Union Cabinet also approved Finance Ministry's proposal to advance the general budget's presentation by a month from February end. This will allow budget proposals to be implemented and public spending to kick off from 1st April, the first day of the financial year.
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