Merger of rail budget with union budget approved

  The 92-year-old practice of presenting a separate Railway Budget has finally come to an end.  The Union Cabinet on Wednesday has approved scrapping of separate Railway Budget and merging it with the General Budget. The unanimous decision – to scrap over nine-decade old tradition of separate Railway Budget - was taken after Finance Ministry had proposed to restructure the entire budgetary system. This is the second major shift in the schedule of the budget by a National Democratic Alliance (NDA) government. The previous NDA government, under prime minister Atal Bihari Vajpayee in 2001, changed the time of presenting the budget to 11am, from the British era practice of presenting it at 5pm. "We are merging the union budget with the Railway budget. There will be only one budget.   The functional autonomy of the Railway to be maintained," Union Finance Minister Arun Jaitley said. He said, "Debroy panel had recommended merger of Rail with general budget." Jaitley said the Cabinet has also in principle agreed to advance the date of presentation of the general budget to make sure the budget is passed by Parliament by 31 March, before the new financial year begins on 1 April. He added that the Cabinet has deferred a final decision on the date of presentation to a later day. “A final call on the actual date of the budget presentation will be taken after consultations depending on the calendar of state assembly elections next year.”

US lawmakers move bill to term Pak a terrorist state

  In a huge setback for the Pakistan government, US lawmakers have introduced legislation in the US Congress to designate Pakistan as a state sponsor of terrorism. This comes at a time just ahead of Pakistan Prime Minister Nawaz Sharif's speech before the UN General Assembly. The bill was moved by Congressman Ted Poe from Texas, who is the Chairman of the House Subcommittee on Terrorism, and Congressman Dana Rohrabacher of California, who is a strong votary of the Baloch cause. In a statement on Tuesday announcing the bill, Poe said, ''Not only is Pakistan an untrustworthy ally, Islamabad has also aided and abetted enemies of the United States for years. From harboring Osama bin Laden to its cozy relationship with the Haqqani network , there is more than enough evidence to determine whose side Pakistan is on in the War on Terror.   And it's not America's'', he also added, ''It is time we stop paying Pakistan for its betrayal and designate it for what it is: a state sponsor of terrorism".""Pakistan's reckless behavior in this regard is a serious security risk to its neighbors - and India unfortunately pays the price all too often. We condemn this tragic attack, as well as Pakistan's support for many criminals like the ones who carried it out, and stand firm in our commitment to our friends in India," Poe said. This is the first time in many years that there is talk of formally designating Pakistan a terrorist state. Such a measure was last discussed in 1993 after Pakistan engineered the Mumbai serial blast through Dawood Ibrahim, killing 259 people in a terrorist attack that was a precursor to many such attacks across the world, including in New York, London, and Madrid.