Debroy Committee Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Debroy Committee Blogs, Comments and Archive. NEW DELHI: The Bibek Debroy Committee in its interim report on the Indian Railways recommends sweeping changes in the way the ailing. Debroy Committee Report: Railways on Track for Privatization must turn to private finance, is the Bibek Debroy Committee on the Railways.
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The report also underlines the need for railways to repott it accounting practices. The committee recommends that the railway board function like a corporate board for railways.
All News Videos Photos. The committee makes two other recommendations: Sadananda Gowdawho felt that the railway board had become unwieldy because of overlapping roles of policy formulation and implementation. Bibek Debroy Railways Debory Prabhu policy making regulation.
While the need for an independent regulator for determining tariffs has been raised before, the committee proposes the setting up of a Railway Regulatory Authority of India RRAI statutorily, with an independent budget. You will get debeoy welfare scheme benefits 7 Aug, TomorrowMakers Let’s get smarter about money. Suggesting decentralization of decision-making powers it commmittee the head of each zone general manager must be fully empowered to take all necessary decisions without reference to the railway board.
Most measures for tapping alternative sources of funding are already under active consideration of the ministry of railways. AIRF has maintained that the system will be destroyed if corporate houses are allowed to run train services as they will charge airlines-like erratic fare only to benefit the business houses.
Politics aside, one of the major recommendations by the Debroy Committee is to separate the infrastructure of the railways from passenger train and freight operations. There are fewer calendars these days but the earlier ones helped fashion modern Indian visual culture.
Bibek Debroy Committee Recommendations
GST likely to have 3-rate structure in future: The larger thrust of the recommendations is to make the railways attractive for private sector participation. The Debroy committee seeks a reallocation of the social cost and to reduce its burden on the cash-strapped transporter.
The chairman of the railway board should be like a chief executive officer, it said, and the composition of the railway board should be changed to five members traction and rolling stock, passenger and freight business, human resources and stores, finance and PPP, and infrastructure and two independent experts.
Cooperative federalism, social cost accounting.
A Law Commission report th recommended simultaneous elections to Lok Sabha and state legislative assemblies in The rural commkttee ministry proposes to have live data to en sure that there is a central database of who avails of the social welfare benefits. Jaitley said Centre had lowered the fiscal deficit and kept inflation and CAD under comnittee. This is crucial for providing a level-playing field to the private sector which has been reluctant to enter this sector.
Corporatization of railway board and decentralization. Crude oil prices to direct sugar prices in Vodafone Business Services Digilogue – Your guide to digitally transforming your business.
Debroy committee suggests corporatization of Railways – Livemint
As part of its annual exercise to shed excess baggage, the board reviews the strength of its workforce in its 17 zones in view of changes in technology, working system and redundancies.
The earlier order of delegation of powers to DRMs was issued to end the archaic departmentalisati Importantly, the committee has suggested the formation of a railway infrastructure company in the form of a special purpose vehicle that will own the railway infrastructure be created. Xommittee Entrepreneurship Awards How calendars went from featuring gorgeous women to being just purely functional There are fewer calendars these days but the earlier ones helped fashion modern Indian visual culture.
SECC data collected in still lying unused 2 Sep, Own a car, fridge or AC? Rail union to observe ‘black day’ against Bibek Debroy committee report 12 Jun, Several members of All-India Railwaymen’s Federation, across the country today wore black badges in protest against the recommendations of Debroy Committee. Apart from creation of an independent regulator and corportization of the railways, the Debroy committee recommends that the railways move away from non-core activities like production and construction, leaving room for private entry.
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The committee proposes to set up an investment advisory committee debrooy will include experts, investment bankers and representatives of Sebi, RBI, IDFC and other institutions. Debroy panel submits report to Railways 31 Mar, Have you read these stories? The committee in its interim report has also suggested rationalisation of zones and divisions; decentralisation of power to general managers and DRMs. From encouraging private players to eliminating the Railway Budget altogether, the report dwells on all that ails the national transporter.
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