Bibek Debroy outlines five pillars for railway reforms -Governance Now

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

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

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in

Mumbai traffic: Let’s use some simple math

Two level of roads not enough, BMC to have triple traffic jams through underground junctions There is no shortage of short-sighted traffic experts who believe that creating more vertical space (either above or below the level) in already overcrowded and congested cities will be cou