Regulatory framework vital for private participation in railways
The Dollar Business Bureau The Union Minister of Railways, Suresh Prabhu, on Monday, pitched for a regulatory mechanism to attract and check the flow of private capital into the Railways sector. The minister said the regulatory mechanism will ensure that private investments do not affect the public functioning in the sector in any way. The Union minister advocated the need for setting up of such a regulatory body, which should be independent from the service provider for attracting private players. “A regulatory mechanism is specifically required for it. That is why, we are having regulatory framework so that private participation does not compromise public interest, does not hamper public function,” said the minister, according to the sources. “Private players also need ...
