It is often pointed out that every rupee invested in ramping up the railway infrastructure benefits the economy six times over. Soon after the National Democratic Alliance (NDA) government came to power in May 2014, a committee was formed under Professor Bibek Debroy to restructure the Railway Board, the powerful body that oversees all technical and policy matters pertaining to the public-sector transporter. A majority of recommendations made by the senior economist at the New Delhi-based Centre of Policy Research was implemented. Two cross-functional directorates for non-tariff revenue and mobility, reporting directly to the Chairman of the Railway Board, were constituted. Powers were also delegated to general managers and divisional railway managers to expedite decision-making.
FlashNews:
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