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Govt Notifies Rail Tariff Regulator

PUBLISHED BY: SURENDER KUMAR
FEBRUARY 04, 2014

   
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The UPA Government has notified the formation of a rail tariff regulator, which will develop an “integrated, transparent and dynamic” pricing mechanism. Since Railways subsidises passenger services from freight revenues, the Government has asked it to suggest fare levels that ensure healthy surplus for the Railways.


The regulator will advise the Railways on the fixation of passenger tariffs and freight rates, based on cost of operations and variables affecting it, with a view recovering costs and generating requisite surpluses for healthy growth.

 

 



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