Govt. has approved setting up of Rail Development Authority : Goyal

Speed Post News Network

New Delhi : The Government has approved the setting up of Rail Development Authority (RDA). The role/mandate of RDA, inter alia, includes providing expert advice to Government to make informed decision on : Pricing of services commensurate with costs; Measures for enhancement of non-fare Revenue; Protection of consumer interests by ensuring quality of service and cost optimisation; Promoting competition, efficiency and economy; Encouraging market development and participation of stakeholders in the rail sector and for ensuring a fair deal to the stakeholders and customers.

The RDA will also give expert advice on : Creating positive environment for investment; Promoting efficient allocation of resources in the Sector; Benchmarking of service standards against international norms and specify and enforce standards with respect to the quality, continuity and reliability of services provided by them; Providing framework for non-discriminatory open access to the Dedicated Freight Corridor (DFC) infrastructure and others in future; Suggesting measures to absorb new technologies for achieving desired efficiency and performance standards; Suggesting measures for human resource development to achieve any of its stated objectives.

This information was given by Railways and Commerce & Industry Minister Piyush Goyal in written reply to a question in Lok Sabha on November 27, 2019, according to a PIB release.