The Indian Railways will undergo structural changes in the coming months, with the Railway Minister Suresh Prabhu on Thursday spelling out a seven-pronged strategy, including an equal number of missions.
The entire exercise has been named Navarambh, or a new beginning.
Read our full coverage on Union Budget 2016
Read more from our special coverage on “RAIL BUDGET 2016”
An independent regulator would be set up and a Bill to establish it would be drafted soon, said the minister. The regulator would ensure fair pricing of services, promote competition, protect customer interests and determine efficiency standards.
The draft Bill to set up the proposed Rail Development Authority would be completed after cons…
Read the full article at: http://www.business-standard.com/budget/article/railway-restructuring-fresh-start-with-revamped-board-116022600009_1.html