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

Rs 1,514 crore already spent on cleaning Yamuna

 The major reason for high level of pollution in river Yamuna is inadequate flow due to over extraction of surface and ground water and discharge of untreated effluent, union minister Vijay Goel informed the Lok Sabha on Monday. He said the water resources ministry is supplementing the effor

No central government scheme to run endlessly

 Centrally sponsored schemes will now onwards run for a fixed period of time, thanks to a sunset date. An outcome review will also be carried out.   In public policy, a sunset clause means that it shall cease to have effect after a specific date, unless further legislative/a

What India needs to do to finally become a superpower

For the past 25 years, India has been rising in stature. It is continually called an upcoming superpower but has been unable to reach the promised status. India’s importance in the world is more due to its immense population and potential as a market than any objective assessment of development. Indi

Would keeping an army tank at JNU instil nationalism?

Would keeping an army tank at JNU instil nationalism?

Yogi in politics, TN industries shift base and, how to end the Maharaja’s misery

Everyone in Yogi Adityanath`s office declares that Yogi’s political career is founded on the work carried out from there, first when he was mahant of the influential temple, and then as an MP. Vijendra Singh, who works at the office, says “It’s because of these letters that Yogiji has n

A fifth of Rs 29 lakh crore are NPAs

Banks have advanced a staggering Rs 29,46,060 crore to the industrial sector, of which Rs 6.93 lakh crore are non-performing assets (NPAs).   Finance minister Arun Jaitley informed





Video

कश्मीर पर तीसरे पक्ष की मध्यस्थता स्वीकार नहीं - महबूबा

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter