Why in news?
The committee submitted its recommendations suggesting OVERHAUL of RAILWAYS in India.
What are the recommendations of Panel?
It has laid down a 5 year roadmap to:
The rail sector reform “should ensure competition…encourage private entry and private investments.”
The government should take the entire burden of social cost borne by Railways by way of subsidy.
The committee submitted its recommendations suggesting OVERHAUL of RAILWAYS in India.
What are the recommendations of Panel?
It has laid down a 5 year roadmap to:
- evolve a statutory rail regulator,
- scrap the Rail Budget and
- make room for more players in an “open access” regime
The rail sector reform “should ensure competition…encourage private entry and private investments.”
The government should take the entire burden of social cost borne by Railways by way of subsidy.
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| Source: Times of India |
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| Source: Times of India Committee does not recommend privatization of Indian Railways, but it does endorse private entry, with the proviso of an independent regulator --> liberalization and not privatization or deregulation The Committee has given timelines for various restructuring steps to be implemented: 
[Source: Times of India, Indian Express]
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