Costing and Pricing Issues in Transport Sector - Indian Railways ...
Costing and Pricing Issues in Transport Sector - Indian Railways ...
Costing and Pricing Issues in Transport Sector - Indian Railways ...
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Functions of Rates Branch<br />
• Decision regard<strong>in</strong>g freight rates of different<br />
commodities is a centralized function of Central<br />
Government.<br />
• As per Railway Act this power vests only with M<strong>in</strong>istry<br />
of <strong>Railways</strong>.<br />
• Independent of M<strong>in</strong>istry of F<strong>in</strong>ance.<br />
• Railway Board need not go even to Parliament for<br />
<strong>in</strong>creas<strong>in</strong>g/decreas<strong>in</strong>g of railway freights.<br />
• This has been so legislated <strong>in</strong> order to ensure that there<br />
isuniformityif i of freight rates throughout h the country.<br />
• Historical background of company railways.*<br />
• Provides for better seamless operations as far as<br />
realization of freight charges are concerned.*<br />
Tuesday, September 06, 2011 INDRA GHOSH, Adviser/Rates Slide No. 19
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