The Union Cabinet will soon take a call on setting up Railway Development Authority of India, an independent regulator, which will decide on passenger and freight rates After Rail Budget, the Rail ministry is set to lose the right to decide fares, too. A proposal to set up the Railway Development Authority of India, an independent regulator which will decide on passenger and freight rates, is likely to come before the Union Cabinet within two weeks, according to sources close to the ... Rediff.com, 2 months ago
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To prevent infrastructure defi-cit from hurting India’s growth ambitions, finance minister Arun Jaitley on Thursday proposed to change the investment climate in the sector by stepping up public investment to the tune of a record Rs 3.96 lakh crore in ...The Financial Chronicle, 3 weeks ago
Train passenger fares may soon be linked to inflation rate, reports Shine Jacob. The central government is now considering an inflation-based model of setting the fares of train passengers after having introduced a form of surge pricing in September. Sources close to the development have said the new model may be based on the Wholesale Price Index. "Currently, the railways recovers only 57% of the cost of journeying a passenger. We want to end this and link the fares to inflation. The idea is ...Rediff.com, 2 months ago
'You can ascribe any ideology to him, and it will be equally right or equally wrong.''Even though the comrades on the Left will never admit it, he seems as much Stalinist as capitalist,' says T V R Shenoy. 'Is Donald Trump a Communist?' a voice bellowed across a transcontinental line early one morning. My first thought was that I had misheard. My telephone connection has intermittent problems, and in any case I was groggy (the result of staying up half the night to watch the American ...Rediff.com, 2 months ago
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