Rail Tariff Authority for transparency in fare

NEW DELHI: Ushering in a new pricing regime through a transparent process, Railway Minister Mallikarjun Kharge Wednesday announced in the interim rail budget constitution of an independent Rail Tariff Authority (RTA) to advise the government on fixing of fares and freight.
Describing the setting up of RTA as “a path breaking decision”, Kharge said, “Determination of rates will no longer be an exercise behind veils where the Railways and users could only peep covertly at what was happening on the other side.”
The Authority will not only consider requirements of the Railways but also engage with all stakeholders to usher in a new pricing regime through a transparent process.
The RTA is expected to lead an era of rationalisation of fares and freight structures for improving the fare-freight ratio.
—PTI