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Railways Amendment Bill 2024
December 11 , 2024
15 hrs 0 min
45
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- The current Bill proposes to simplify the legal framework by incorporating the proposals of the Indian Railway Board Act, 1905 in the Railways Act, 1989.
- It aims to provide statutory backing to the Railway Board, which has functioned without such sanction since its inception.
- The Bill proposes the decentralising financial and operational decision-making to zones, empowering them to manage the budgets, infrastructure works, and recruitment.
- It is supported by various committees, including the 2014 Sreedharan Committee.
- The Bill introduces Section 24A to allow the government to expedite superfast train operations and infrastructure upgrades.
- It will establish an independent regulator to oversee various aspects of Indian Railways, including tariffs, safety, and private sector participation.
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