Let Railways Make Economic Sense: Debroy Committee
The recommendations are not driven by a doctrinaire free market philosophy. It’s a pragmatic approach towards making the department viable. I have procured a copy of the recommendations of the “ Committee for Mobilization of Resources for Major Railway Projects and Restructuring of Railway Ministry and Railway Board” headed by eminent economist and NITI Aayog member Bibek Debroy. Bibek Debroy In the report, the advisers recommended an overhaul of the entire system from decision-making structure to accounting systems, from human resource management to budgetary relationship between the government and Railways, from financing to regulation and implementation of policies and programmes. Advocates of liberal economics who must have turned ecstatic over the talk of trains by private companies in this morning’s newspapers must note that even the existing private domains are functioning below par because of confusion over returns on investment and the unce...