Contours of Rail Tariff Authority finalized
   
Quotes

Contours of Rail Tariff Authority finalized

Last Updated: Tuesday, February 5, 2013, 22:04
 
 Comment 0
 
Contours of Rail Tariff Authority finalized
New Delhi: Railways has finalised the contours of the proposed Rail Tariff Authority (RTA) on fare rationalisation amid indications that the proposal could be placed before the Union Cabinet soon.

According to sources, the RTA will be a five-member body headed by its Chairman. While a current Railway Board Member is being tipped to head the regulatory body, four other members are being shortlisted.

The RTA, the first of its kind for railways, will susggest the level of tariff for both the freight and passenger fares from time to time taking into account the input cost (diesel and elctricity) and volatile market conditions.

The RTA, mooted by former Railway Minister and Trinamool Congress MP Dinesh Trivedi in his rail budget 2012-13, is being actively pursued by present Railway Minister Pawan Kumar Bansal and perceived to be the first major step towards delinking railways financial health from politics.

The proposal will be sent for ministerial consultations before it is put up before the cabinet, sources said.

PTI



First Published: Tuesday, February 5, 2013, 22:04


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved