Wednesday, 12 April 2017

Rail Development Authority

Ministry of Railways had brought out a concept paper for public consultation on setting up of Rail Development Authority of India. Based on inputs received from stakeholders, a proposal for setting up of RDA has been approved by Government.
Some of the aims and objectives of Rail Development Authority are: pricing of services commensurate with costs; enhancement of Non Fare Revenue; protection of consumer interests by ensuring quality of service and cost optimization; competition, efficiency and economy; market development; creation of positive environment of investment; benchmarking of service standards against international norms; providing framework for non-discriminatory open access to Dedicated Freight Corridor (DFC); absorption of new technologies for achieving efficiency and performance standards; and human resource development to achieve any of its stated objectives. Rail Development Authority’s envisaged functions pertain to the above aims and objectives.
It is envisaged that RDA comprising a Chairman and three Members shall make recommendations to Government for appropriate consideration/decision.
This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Lok Sabha on 12.04.2017 (Wednesday).


Courtesy: pib.nic.in

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