Rail Budget: Railway Proposes to set up ‘SRESTHA’
RDSO will now focus only on day to day issues while SRESTHA would drive long term research.
SRESTHA would be headed by an eminent scientist reporting directly to Chairman, Railway Board and would be staffed with scientists and a limited number of Railway experts. RDSO functioning will be made totally transparent with time bound results.
The Railway Minister also proposed the Aekikaran – Consolidation of Holding Companies of Railways.
Prabhu said that the companies owned by Indian Railway are its assets with immense future potential.
We propose to examine the feasibility of bringing most of these companies under an umbrella of a holding company which would provide the necessary strength for leveraging the combined resources as also in providing the much needed flexibility in utilizing the strength of each of the subsidiaries," Prabhu said.
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