India, Jan. 29 -- Union finance minister Nirmala Sitharaman will present the Union Budget for the upcoming fiscal year on February 1, outlining India's financial strategy and priorities.

The Union Budget, as it stands today, is a comprehensive document outlining India's expenditure and fund collection, but it was not always structured in this way.

Before 2017, the Railway Budget was a separate entity, a legacy of colonial times. It was only in 2017 that finance minister Arun Jaitley and railway minister Suresh Prabhu merged it with the Union Budget.

The Railway Budget was separated from the Union Budget over a century back in 1924. It was done following the recommendations of the Acworth Committee. The practice was continued till 2016....