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Investments for rlys won't go down after merger: Yashwant Sinha

Speaking to CNBC-TV18 Former Finance Minister Yashwant Sinha said the railways can’t be treated like any other department. "My own feeling is that the Finance Minister will have to grant a lot of autonomy to the Ministry of Railways, he said.

September 21, 2016 / 19:52 IST
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Speaking to CNBC-TV18 Former Finance Minister Yashwant Sinha said the railways can’t be treated like any other department. "My own feeling is that the Finance Minister will have to grant a lot of autonomy to the Ministry of Railways, he said.

Sinha also spoke about advancing the date of the Union Budget itself saying it was a welcome move. “I am happy that the small little step I had taken of changing the time of the presentation of the Budget has been considerably changed by advancing the date of the Budget and have it in the first week of February."

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However, he said that the fiscal deficit will be difficult to calculate in real terms one or four weeks ahead of the normal presentation of the Budget now. 

The Budget reflects on the economic situation in the coming year for which the Budget is being prepared. The FM will have to guess what is going to happen. All this things will have to be done carefully, he said.