New rail regulator to decide on tariff, ease investment process

Govt says Rail Development Authority to fix rail tariffs

The Cabinet on Wednesday initiated a major reform by approving the setting up of a regulator called the Rail Development Authority (RDA). 

Sources said the ministry of railways would issue a notification in this regard within a week and a search-and-selection committee would be convened soon. 

According to the plan, the RDA is likely to be functional by August 1. The regulator will decide on tariffs, ensure fair play and a level playing field for stakeholder investment in the railways, set up efficiency and performance standards and disseminate information.

The RDA will help the government take appropriate decisions on important