Bill to set up independent regulator in railways to be placed before Parliament next week

Changes in railway tariffs not before Railway regulator in place

After the historic decision to merge the railway budget with the main budget, the Union government is likely to present the bill to set up an independent regulator in railways during the next session of Parliament. 
 

According to multiple sources close to the development, the Narendra Modi-led government wants to give judicial powers to the tariff authority. When asked about this, financial commissioner of railways, B B Verma confirmed, “As of now, there is no proposal to increase fares immediately. We are in the process of setting up a tariff regulator and it is likely to be before Parliament soon.”