The much-awaited Bibek Debroy committee report on the restructuring of Indian Railways lays down a five-year roadmap to evolve a statutory rail regulator, scrap the Rail Budget and make room for more players in an “open access” regime which turns the Railways into just another train-service provider in the country.
Instead of an aggressive approach as was seen in the interim report submitted in March for comments, the final report, to be presented to Railway Ministry on Friday, calls for more gradual changes.
The report, accessed by The Indian Express, makes the existence of an independent, quasi-judicial Railway Regulatory Authority of India a prerequisite in five years for reforms like un-bundling and restructuring of Railways.The Rail Budget as we know it, should cease to exist after that, it says.
“Once the changes of the first five years are implemented, including the resolution of the social costs issue, the Railway Budget should be phased out,” the report says adding that the government should take the entire burden of social cost borne by Railways by way of subsidy.
Pushed by Prime Minister Narendra Modi, the high-level committee was formed in September to restructure the Railways and suggest ways for resource mobilisation. After the receipt of the final report, the Railway Board is to submit a report on it to the PM by June-end.
Instead of an aggressive approach as was seen in the interim report submitted in March for comments, the final report, to be presented to Railway Ministry on Friday, calls for more gradual changes.
The report, accessed by The Indian Express, makes the existence of an independent, quasi-judicial Railway Regulatory Authority of India a prerequisite in five years for reforms like un-bundling and restructuring of Railways.The Rail Budget as we know it, should cease to exist after that, it says.
“Once the changes of the first five years are implemented, including the resolution of the social costs issue, the Railway Budget should be phased out,” the report says adding that the government should take the entire burden of social cost borne by Railways by way of subsidy.
Pushed by Prime Minister Narendra Modi, the high-level committee was formed in September to restructure the Railways and suggest ways for resource mobilisation. After the receipt of the final report, the Railway Board is to submit a report on it to the PM by June-end.
See more at: http://indianexpress.com
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