Bibek Debroy outlines five pillars for railway reforms

NITI Aayog member says public-private partnership may improve the sector

GN Bureau | March 18, 2016


#niti aayog   #Railways Reforms   #suresh prabhu   #bibek debroy  
NITI Aayog member Bibek Debroy
NITI Aayog member Bibek Debroy

There are five pillars which can not only improve the financial condition but also accelerate the performance of Indian railways. The five pillars are: transition to commercial accounting; appointing an independent regulator; entry of private players; decentralisation of railways; and unification of entry into the services.

 
This was highlighted by Bibek Debroy, member, NITI Aayog and chairman, high level committee for railway restructuring, at the Railways Reform and Governance Conclave, organised by Governance Now, held in New Delhi on Friday. The Debroy-headed committee has recommended these suggestions to improve the performance of Indian railways, which has been deteriorating over the last six decades. Majority of these recommendations have been implemented and some are in the process of implementation. “Bringing reforms in railways is not a binary process,” said Debroy. 
 
Debroy also said that around 400 out of 8,500 stations across the country have been shortlisted for the process of modernisation. Highlighting the role of public-private partnership in improvement of the railway sector, he said, “Private players cannot build the entire track line, but auctioning out certain paths to the private players is possible. Also, a whole train cannot be run by private players, but a few coaches can be managed by a private company.”
 

 

Comments

 

Other News

Mumbai civic body invites urban designers to improve five streets

To redesign and make its streets safer and inclusive in a studio project, the Municipal Corporation of Greater Mumbai (MCGM) has invited urban designers to join hands with its engineers so as to create innovative place-making strategies for improving walkabilty and vehicular efficiency. 

Corporate taxes cut to spur economy

Aiming to dispel the clouds of a slowdown, the government on Friday announced a series of measures including corporate tax breaks to revive economic activities. The stock market, depressed for a while, welcomed the move that would cost the exchequer Rs 1,45,000 crore. Union minister for fina

E-cigarette ban welcome; now aim for more tobacco control

In what it describes as a “major health and wellness initiative for the country”, the union cabinet has approved the promulgation of an ordinance to ban electronic cigarettes. The move, coming amid a debate over the ways to control tobacco use, should be welcomed, and it needs to be complemente

Ajay Singh is president’s press secretary

Ajay Kumar Singh, who has been the editorial director of Governance Now, has been appointed the press secretary of the president of India. The decision was made by the Appointments Committee of the Cabinet headed by prime minister Narendra Modi on Monday. The appointment will be on contract

Amit Shah on India’s languages: What else he said

Home minister Amit Shah’s remark on the need for a single national language has rightly sparked a debate, but the headlines missed much in his speech about language, culture, and identity. Giving away Rajbhasha Gaurav Puraskar and Rajbhasha Kirti Puraskar awards on the occasion of Hin

On A Personal note with musician Apache Indian

Renowned British singer, songwriter and reggae DJ, Apache Indian (originally known as Steven Kapoor) shot to fame with his style of music which came to be known as bhangramuffin (also called bhangragga) – a mix of bhangra, reggaemuffin and traditional dance hall in the early 1990s. His style changed



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter