Union Cabinet today approved setting up of an independent Rail Development Authority (RDA) – Regulatory Mechanism in New Delhi. The RDA will have broad function of tariff determination, ensuring fair play and level playing field for all stakeholders investments.
It will also work for the setting efficiency and performance standards and dissemination of information. The initial corpus of the Authority will be fifty crore rupees. The RDA will have a chairman and three members besides experts from relevant areas.
