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Govt approves setting up of Rail Development Authority

Govt approves setting up of Rail Development Authority

Wednesday, April 5, 2017, 9:57 PM

The Cabinet approved the formation of an independent rail regulatory authority to determine tariffs ensuring fair play and level playing field for private players keen on investment in the railways. Considered to be the biggest and first-of-its-kind reform in the rail sector, setting up of Rail Development Authority is meant to improve the services offered to passengers, provide comfort to investors and enhance transparency.
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