The Parliamentary Standing Committee on Finance is hopeful of submitting its report on merging Railway Budget with General Budget before the start of the next session of Parliament.

Speaking to presspersons on the sidelines of a programme in Mangaluru on Tuesday, M Veerappa Moily, Member of Parliament from Chikballapur constituency, who heads the standing committee, said that the Cabinet has taken a decision on budgetary reforms, including the merger of Railway Budget with General Budget.

Terming this as a major change, he said the committee will be examining the ramification of this process.

The committee will discuss this with the Statistics and Planning Department, and with the Finance Ministry. Railway Board will be consulted on the impact of this budgetary reform on Railways.

Stating that the report will be ready after two-three sittings, Moily said the committee wants to submit the report on the reform before the start of the next session of Parliament, which is scheduled in November.

Moily said that the decision of the committee may help the Government to think from certain aspects, and to make an appropriate appraisal of finances of the country.

Apart from this, he said, the standing committee has already examined the amendments to the Companies Bill. A report on this will be submitted to Parliament soon, he said.

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