Bibek Debroy Committee Report: An Analysis

By Pooja Meena, National Law University, Jodhpur.

The railways operate more than 12,000 trains, carrying some 23 million passengers daily. This vast public enterprise is virtually a state within a state. It runs schools, hospitals, police forces and building companies and employs a total of 1.3 million people, making it the seventh biggest employer in the world. It is in need of modernization. (more…)

Rail Budget 2015: A Critical Analysis

By Aishwarya Dhakarey, Symbiosis Law School, Pune.

The highlights of the budget could reflect Prime Minister’s three initiatives in the whole nine yards namely Swachch Bharat Mission, Make in India and Digital India. To start with, a great relief comes in the form of no increase in the basic passenger rail fares. This will tickle everyone pink by virtue of the reduction in petrol and diesel prices. A stipulated amount of Rs 8.5 lacs will be invested in Railways in the offing. The Ministry of Railways proposed that the money could be raised from multiple sources ranging from multilateral development banks to pension funds. Rail tickets can now be booked well in advance before 120 days of the actual journey date. The crucial steps would include improving human resources and revamping management practices, systems, and processes. The budget has also been announced with a view to create job opportunities. (more…)

Railways and Privatisation: FDI is the Name of the Game

By Neelanjana Paul, KLE Society’s Law College, Bangalore.

Understanding Privatisation and FDI

The economy of India had undergone significant policy shifts in the beginning of the 1990s. This new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation and Globalisation model. The primary objective of this model was to make the economy of India the fastest developing economy on the globe with capabilities that help it match up with the biggest economies of the world. (more…)