<P> Rail Budget of India is the Annual Financial Statement of the state - owned Indian Railways, which handles rail transport in India . It was presented every year by the Minister of Railways, representing the Ministry of Railways, in the Parliament . </P> <P> The Railway Budget was presented every year, a few days before the Union budget of India, till 2016 . The Government on 21 September 2016 approved merger of the Rail and General budgets from next year, ending a 92 - year - old practice of a separate budget for the nation's largest transporter . </P> <P> Following the recommendation of the Acworth Committee in 1920 - 21, headed by British railway economist William Acworth The "Acworth Report" led to reorganisation of railways, the railway finances were separated from the general government finances in 1921 . After that in 1924 the budget was announced, a practice that continued till 2016 . </P>

In which season of parliament railway and general budget are presented