On the recommendations of a committee headed by NITI Aayog member Bibek Debroy, in a report titled "Dispensing with the Railway Budget", and a five-member Joint Committee (constituted with Joint Secretary in-charge of the Union Budget in the Ministry of Finance and other senior officials of the Ministry); it was proposed by the government that the Railway Budget will be merged with the General Budget from 2017-18 onwards.

The Railway Budget was separated from the main Budget, following recommendation of a panel headed by British railway economist William Acworth in 1920-21. The rail Budget has had a separate existence from the general Budget since 1924.

Two more significant changes brought ahead of budget 2017-18 were -

a) abolishing the classification of Plan and non-Plan expenditure; and

b) advancing the dates of budget presentation.

ATM stands for Automated teller machine.

There are Different Types Of ATM available which are as follows: –

White Label ATM – When ATMs are owned and operated by non-bank entities but they are not doing ‘outsourcing-contract’ from a particular bank.

Brown Label ATM – When banks outsourced the ATM operations to a third party.

Green Label ATM – ATM is provided for Agricultural Transaction

Orange Label ATM – Provided for Share Transactions

Yellow Label ATM – Provided for E-commerce

Biometric ATM – ATMs which uses security features like fingerprint scanner and eye scanner of the customer to access the bank details.

The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.

Brunei Darussalam then joined on 7 January 1984, Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the 10 Member States of ASEAN.

ASEAN aims to promote collaboration and cooperation among member states, as well as to advance the interests of the region as a whole, including economic and trade growth. It has negotiated a free trade agreement among member states and with other countries such as China, as well as eased travel in the region for citizens of member countries.

In 2015, it established the ASEAN Economic Community (AEC), a major milestone in the organization’s regional economic integration agenda. The AEC envisions the bloc as a single market with free flow of goods, services, investments and skilled labour, and freer movement of capital across the region.

True to its original mission, the organization strives towards peace and stability in the region: members have signed a treaty pledging not to develop nuclear weapons, and most have agreed to a counter-terrorism pact, which includes sharing intelligence and easing the extradition process of terror suspects.

If ASEAN were a country, it would be the seventh-largest economy in the world, with a combined GDP of $2.6 trillion in 2014. By 2050 it's projected to rank as the fourth-largest economy.

Home to more than 622 million people, the region has a larger population than the European Union or North America. It also has the third-largest labour force in the world, behind China and India.

India and the 10-member ASEAN have agreed to initiate a review of the bilateral free trade agreement (FTA) in goods to make it “more user-friendly, simple and trade facilitative”. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia and the final agreement was on 13 August 2009. The free trade area came into effect on 1 January 2010.

Jute is soft, flexible and hard-wearing bast fibre . Jute fibres are long, lustrous , resilient and softer to touch . It has a natural colour in light tan to brown range and its fibre can be bleached and can be dyed well.

The cultivation of jute in India is mainly confined to the eastern region of the country. The jute crop is grown in nearly 83 districts of seven states- West Bengal, Assam, Orissa, Bihar, Uttar Pradesh, Tripura and Meghalaya . West Bengal alone accounts for over 50 percent raw jute production.

Jute crop requires humid climate with temperature fluctuating between 24 degree Celsius and 38 degree Celsius. Minimum rainfall required for jute cultivationis 1000 mm . New grey alluvial soil of good depth receiving silt from annual floods is most suitable for jute growth. However, jute is grown widely in sandy looms and clay loams.

If there is an expansion in the external business borrowing in India then it will build the external debt of the nation. External Commercial Borrowings (ECBs) are advances in India made by non-occupant loan specialists in remote cash to Indian borrowers. They are utilized broadly in India to encourage access to outside cash by Indian enterprises and PSUs (open area endeavors).