Rail Development Authority: Important Topics for UPSC Exams

Rail Development Authority:Important Topics for UPSC Exams

Ministry of Railways had brought out a concept paper for public consultation on setting up of Rail Development Authority of India. Based on inputs received from stakeholders, a proposal for setting up of RDA has been approved by Government.
Some of the aims and objectives of Rail Development Authority are:
pricing of services commensurate with costs;
enhancement of Non Fare Revenue;
protection of consumer interests by ensuring quality of service and cost optimization;
competition, efficiency and economy;
market development;
creation of positive environment of investment;
benchmarking of service standards against international norms;
providing framework for non-discriminatory open access to Dedicated Freight Corridor (DFC);
Absorption of new technologies for achieving efficiency and performance standards;
and human resource development to achieve any of its stated objectives.
It is envisaged that RDA comprising a Chairman and three Members shall make recommendations to Government for appropriate consideration/decision.