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Railways: Choice And Competition - XVII
“Now, therefore, the Government of India do hereby constitute the interim Rail Tariff Authority (RTA) under the overall administrative control of the Ministry of Railways as follows: The primary function of this Authority would be to develop an integrated, transparent and dynamic pricing mechanism for the determination of tariffs of Indian Railways and pending enactment of the requisite legislation, to advise the Central Government on fixation of tariffs for Indian Railways based on cost of operations and factors impinging on it, with a view to not only achieve its recovery but, also, generate requisite surpluses for healthy growth in times ahead.”
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