Indian Railways invites people's suggestions on proposed development authority
Railway Minister Suresh Prabhu, during his 2015-16 Rail Budget speech, had said that for orderly development of infrastructure services, enabling competition and protection of customer interest, it is important to have a regulation mechanism independent of the service provider.
The National Transport Development Policy Committee (NTDPC) Report of 2014 had recommended that a Rail Tariff Authority be set up as an overall regulator. Later Bibek Debroy Committee Report had also recommended a regulator with overarching functions.
Countries such as United Kingdom, Russia, United States, Australia, and Germany have regulatory structure in some form or the other.
The Authority will undertake four key functions:
o Fixing tariff.
o Ensuring fair play and level playing field for private investment in railways.
o Determination of efficiency and performance standards.
o Dissemination of information.
The concept note has been uploaded on www.indianrailways.gov.in. Public comments can be submitted by Jan 30, 2016, through email at railwaydevelopmentauthority@
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.