Tuesday, January 21, 2014

Cabinet approves setting up of authority to advise on rail fares


NEW DELHI: In a major reform step for the cash-trapped railways, the Union Cabinet on Monday approved a proposal to constitute a Rail Tariff Authority (RTA) which will advise the railway ministry on fares.

The RTA is crucial for railways as it will recommend fare revision from time to time taking into account input cost and volatile market condition.

However, the RTA's recommendation will not be mandatory for railways as, according to existing law, only the Railway Board, and not any outside body, can fix the tariff.

RTA will be given mandatory powers only after the amendment of the Railway Act, 1989, in Parliament which is unlikely to happen in the UPA-II regime whose term comes to an end in a few months.

The next government will initiate the process of making RTA a mandatory body by amending the Railway Act, 1989 to insert a sub-section called Chapter 5 (A).

Related Posts:

  • LP get SPORT RINGS..Rail loco pilots to sport rings that help them stay alertNew Delhi, July 28 (PTI) Indian Railway loco pilots could soon be seen sporting a ring in their hand which would help them stay alert and generate warnings in the event… Read More
  • CWC and National Convention at KalyanNotice for CWC Meeting following with national Convention1. As we have decided in last CWC Meeting the National Convention of Loco Running Staff will be held at Kalyan in Mumbai Division of Central Railway on 31st Aug’ 2010 … Read More
  • Southern Regional Convention at BZAAILRSA Southern, South Western, South Central and Vishakapatanam Division Joint Regional Convention at Thadikonda Ramulau Mandapam, VIJAYA WADA from 10.00 hrs on 3rd August 2010. Com P Madhu Ex MP will inaugurate the convent… Read More
  • Mavoist Attack..Rlys become a `soft target' for NaxalsMahendra Kumar Singh, TNN, Jul 30, 2010, 10.40pm IST NEW DELHI: The railways is clearly under siege from Naxals. The drastic increase in train accidents due to sabotage by Maoists has led… Read More
  • Travel in Railway at Your own Risk,,Indian Railways: Travel at your own risk Marya Shakil , CNN-IBNJuly 26, 2010New Delhi: Not just the anti-collision devices, there seems to be a problem with the complete safety system of the Indian railways. CNN-IBN has detai… Read More

0 comments:

Welcome To AILRSA....

Visitors

1116734

Admin Area

Blog Archive

AILRSA 1970 - . Powered by Blogger.

Are You Satisfied with 7th Pay commission ?

Popular Posts

Recent Posts

Text Widget

Followers

-------------------------------------------------------

-------------------------------------------------------