Regulator for passenger and freight fares

Regulator for passenger and freight fares

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAJYA SABHA

QUESTION NO  2366

ANSWERED ON  04.08.2017

Regulator for passenger and freight fares

2366       Shri C.M. Ramesh

Will the Minister of RAILWAYS be pleased to satate :-

(a)          whether it is a fact that Government has agreed to set up a regulator for Railways to recommend passenger and freight fares and regulate other things, if so, the details thereof; and

(b) to what extent this move will help Railways to bring down its losses on passenger front and increase revenue from freight?

ANSWER                 

MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI RAJEN GOHAIN)

(a) & (b) : Government has approved formation of a Rail Development Authority (RDA). RDA has been remitted to inter-alia assist and facilitate Government by framing guiding principles/rules/models for tariff determination for both passenger and freight segments.