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
Photo: Arun Kumar

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

Govt approves disinvestment of SAIL subsidiaries

The government has accorded in-principle approval for strategic disinvestment of three units of Steel Authority of India Limited (SAIL), a Maharatna PSU, namely Visveswaraya Iron and Steel Plant (VISP), Bhadravati, Salem Steel Plant (SSP), Tamil Nadu and Alloy Steel Plant (ASP), Durgapur. 

Hope Adityanath adjusts his public rhetoric to befit his new office: Expert

  Indian parties do not choose their politicians with a view to what the world might conclude, but there is no denying the signal Yogi Adityanath’s pick sends: with a huge mandate, the BJP has decided to lead with the face of religious nationalism—not the forward-looking, twe

The secret of Modi’s success

Here is a proposition: Narendra Modi is the top  thinker, the top intellectual of our times. Is that an exaggerated claim? Not altogether. Here’s why. After Brexit and after Trump, intellectuals, especially in the west, are busy guessing what exactly is going on in the world, what

Do you think campaigning by UP CM Yogi Adityanath in Delhi civic polls will boost BJP`s victory chances?

Do you think campaigning by UP CM Yogi Adityanath in Delhi civic polls will boost BJP`s victory chances?

Allow uninterrupted discussion on Finance Bill: Civil society to Hamid Ansari

Almost a week ago, Finance Bill, 2017, was passed in the Lok Sabha as a money bill in the midst of a walk out by the opposition.  In the 92-page document of the bill, centre has pushed 40 amendments to various acts including the IT Act. Eminent people like Fali Nariman, Girish Karnad, TM Krishna, Arun

BHEL unveils 250 MW eco-friendly lignite power plant in Gujarat

  Bharat Heavy Electricals Limited (BHEL), a Maharatna PSU, has successfully commissioned 250 MW unit based on eco-friendly circulating fluidized bed combustion (CFBC) technology, using low grade coal (lignite) as the primary fuel.    The 250 MW lignite

Video

योगी आदित्यनाथ ने किया गृह प्रवेश

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter