A PYMNTS Company

India: Rail regulator to set fares, ensure fair competition

By  |  January 5, 2016

The Union government has come out with a concept paper proposing to set up a rail regulator for fixing fares and ensuring level-playing field for private investments in railway infrastructure.

To ensure that the proposed regulator, Rail Development Authority of India, doesn’t meet Parliamentary hurdles, the Railways Ministry initially plans to set it up through an executive order and later on widen its powers. The proposal to set up a rail authority was announced by Rail Minister Suresh Prabhu while tabling the Rail Budget for 2015-16 last year.

The proposed rail authority will be mandated to set passenger and freight tariff, ensure fair play and level-playing field for private investments in Railways, maintain efficiency and performance standards, disseminate information such as statistics and forecasts related to the sector.

Full content: The Financial Express

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.