Modi government on 21 September 2016 approved merger of the Rail and General budgets from the next year, ending a 92-year-old practice of a separate budget for the nation's largest transporter.
Railways Minister Suresh Prabhu said that this merger proposal was in the long term interest of railways as well as the country's economy and was a colonial practice that needed to be ended.
[6][7] Jagjivan Ram and Nirmala Sitharaman the current Finance Minister under the Modi Government 3.0 have presented the railway budget most 7 times.
In 2000, she became the first female to present the Railway budget[11] and is the only woman to do so for two different governing coalitions (NDA and UPA).
In 2014 budget, Railway Minister D. V. Sadananda Gowda announced the first bullet train and 9 High-Speed Rail routes.