"Cabinet approves setting up of Rail Development Authority (RDA) - Regulatory Mechanism," Frank Noronha, Principal Spokesperson of the government said in a tweet.
Officials said that RDA will not only determine tariffs but also ensure fair play and level playing field for all stakeholder investments in the railway sector.
The RDA, which will have four members including the Chairman, has also been mandated to set up efficiency and peformance standards. The RDA can engage experts from relevant areas.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.