Cabinet approves Rail Tariff Authority

The Union Cabinet has approved the setting up of a Rail Tariff Authority, an advisory body, through a

The new authority will monitor passenger and freight pricing
The new authority will monitor passenger and freight pricing

government resolution, pending amendment of the Railway Act, 1989.
The setting up of such an authority will regulate mechanism for pricing of passenger and freight services. The Rail Tariff Authority shall compromise a Chairperson and four members at the apex level and will be vested with the function to develop an integrated, transparent and dynamic pricing mechanism for the passenger and freight segments of the Indian Railway’s business.
The authority will also advice the Central Government on fixation of tariff, based on cost of operations and factors impinging it, to help generate requisite surpluses, stated a PIB release.

You might also like

Comments are closed.

X
GET THE LATEST TRAVEL INDUSTRY NEWS, JOBS AND EVENTS STRAIGHT TO YOUR INBOX!
Join over 180,000 travel agents, professionals and executives subscribed to our daily newsletter.
You can unsubscribe at any time
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Close
Enable Notifications    Ok No thanks