[vc_row][vc_column][vc_column_text]The Ministry of Railways had brought out a concept paper for public consultation on setting up of Rail Development Authority of India (RDA). Based on inputs received from stakeholders, a proposal for setting up of RDA has been approved by the government.
Some of the aims and objectives of Rail Development Authority are: pricing of services commensurate with costs; enhancement of non-fare revenue; protection of consumer interests by ensuring quality of service and cost optimisation; competition, efficiency and economy; market development; creation of positive environment for investment; benchmarking of service standards against international norms; providing framework for non-discriminatory open access to Dedicated Freight Corridor (DFC); absorption of new technologies for achieving efficiency and performance standards; and human resource development to achieve any of its stated objectives. Rail Development Authority’s envisaged functions pertain to the above aims and objectives.
It is envisaged that RDA, comprising a Chairman and three members, shall make recommendations to the government for appropriate consideration/decision[/vc_column_text][/vc_column][/vc_row]
