A regulatory body for railways
New Delhi: Railways has ini
tiated the process for setting up of a regulatory body on the lines of telecom sector, said Union minister Suresh Prabhu who has asked the Niti Aayog chair
man to prepare the roadmap for it. Asserting that there was a need for having a regulatory mecha
nism independent of the public transporter for getting private participation, Mr Prabhu said once the model was ready it would be put
on the website for wider discussions. “A regulatory mechanism is specifically required. So that private participation does not compromise public interest, does not hamper public function. Private sector also need not worry about the security of their invest
ment,” he said.