From encouraging private players to run trains to eliminating the Railway Budget altogether, the report dwells on all that ails Indian Railways and recommends steps to decentralise its operations for effective management. In a telephonic conversation with Economic Times website, Bibek Debroy highlighted the ten key recommendations of the interim report. Bibek Debroy will also be available for an interactive Twitter chat on the interim report on EconomicTimes. The report recommends: Refinements in the way Indian Railways prepares and maintains accounts, and costs its businesses, activities and services.
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Big brown envelopes containing the representations against the merger of eight services into the Indian Railway Management Service IRMS have been delivered to the desks of the railway board chairman, the railway minister, DoPT secretary, cabinet secretary and even the prime minister on Wednesday and Thursday.
Chairman of the Railway Board asserted that currently the Railways is vertically split into eight silos — mechanical, electrical, traffic, et al. There is one board member for each vertical. The key problem that we have faced is that each board member is interested in the well-being of her own department and the promotional prospects of her own service.
The IR will now have just one cadre which could end the long history of rivalry among the eight services. Revenue secretary Ajay Bhushan Pandey strongly refuted criticism that the goods and services tax was the cause of the current economic slowdown, saying it was a win-win for everyone, with the incidence of taxation coming down on every commodity. The earlier order of delegation of powers to DRMs was issued to end the archaic departmentalisation that prevailed at the national transporter, which has a total of eight cadres of group A services.
According to EAC-PM, it was on the basis of recommendations of several committees with that the government implemented the change from January, From encouraging private players to eliminating the Railway Budget altogether, the report dwells on all that ails the national transporter.
All rights reserved. For reprint rights: Times Syndication Service. Have you read these stories? Has Amazon been talking to Airtel? Panache Bartending to go obsolete in post-Covid world? Robots replace humans, will serve cocktails, carve ice for whisky. Brand Solutions. TomorrowMakers Let's get smarter about money. ET NOW. ET Portfolio. All News Videos Photos. Officers across 13 zones, 60 divisions protest railway services merger, allege decision "unilateral" 10 Jan, , Fares, freight rates to be rationalised: Railway Board chairman 27 Dec, , Budget Income tax cuts, slab rejigs on FM's table 27 Dec, , Railway board goes back on decentralisation 16 Jul, , Economic Advisory Council defends India's economic growth 12 Jun, , Rail union to observe 'black day' against Bibek Debroy committee report 12 Jun, , Indian Railways: 10 transformative recommendations of Bibek Debroy Committee report 02 Apr, , Popular Categories Markets Live!
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Indian Railways: 10 transformative recommendations of Bibek Debroy Committee report
Bibek Debroy. The committee submitted its report in June The committee submitted its report in June Key findings and recommendations of the committee are: Encouraging private participation: As per the report of the committee one of the key reasons for the failure of private participation in Railways is that policymaking, the regulatory function, and operations are all vested within the same organisation, that is, the Ministry of Railways. The Committee r ecommended that the three roles must be separated from each other to have sustained and large scale private participation. Secondly, schemes for private sector participation are not prepared with the involvement of stakeholders. Thirdly, the schemes are designed such that the risk lies mostly with the private parties. Establishment of Independent Regulator- Railways Regulatory Authority of India: In order to create a level playing field for private players in the sector, the Committee recommends setting up an independent regulator, the Railways Regulatory Authority.
Panel's interim report suggests separation of roles of operation, regulation and policy making in the sector. New Delhi: A committee headed by economist Bibek Debroy has recommended corporatization of the railway board and separation of roles of policy making, regulation and operations suggesting that the ministry of railways be only responsible for policymaking. The ministry will only be responsible for policy for the railway sector and the parliamentary accountability and will give autonomy to the IR Indian railways ," said the committee in its report. The railway ministry had in September constituted this eight-member committee for the mobilization of resources for major railway projects and restructuring of railways under then railway minister D. Sadananda Gowda , who felt that the railway board had become unwieldy because of overlapping roles of policy formulation and implementation.
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