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@
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