Ministry of Railways Prepares Concept Paper On Rail Development Authority of India
The Concept Paper Has Been Uploaded On The Railway Ministry’s Website www.indianrailways.gov.in
Comments and Suggestions Invited From The Public About This Authority
The Comments Can Be Submitted By 30th January, 2016
Ministry of Railways has prepared a concept paper on Rail Development authority of India which has been uploaded on the Indian Railway website namely www.indianrailways.gov.in. The salient features of the Note are:
- Minister of Railways Shri Suresh Prabhakar Prabhu in his speech for Rail Budget 2015-16 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 concept paper has been prepared in line with the vision presented by the Minister of Railways.
- National Transport Development Policy Committee (NTDPC) Report of 2014 had recommended that a Rail Tariff Authority should be set up which should become the overall regulator. Later Bibek Debroy Committee Report had also recommended a regulator with overarching functions.
- Many of the countries like U.K, Russia, US, Australia, Germany have regulatory structure in some form or the other.
- The Authority will discharge functions in a manner to protect the interest of consumers, ensuring quality of service, promoting competition, encouraging market development, efficient allocation of resources, provide non-discriminatory open access specially on DFC and to benchmark service levels for ensuring quality, continuity and reliability of service.
- 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 Authority can initially be set up through an executive order and can be subsequently strengthen through a legislation process.
- The Authority will consist of Chairman and four other members who have experience and knowledge in railways, infrastructure, finance, law, management and consumer affairs.
- More details about the Concept Paper can be seen at the website www.indianrailways.gov.in.
- Suggestions and comments from the public are invited. Public comments can be submitted by 30th January, 2016 through email at email@example.com
Source Press release by Ministry of Railways 04-January, 2016