Wednesday, July 9, 2014

MCCI disappointed over failure to set up Rail Tariff Authority

Chennai:

Madras Chamber has welcomed the railway budget proposals but expressed
disappointment that there is no mention of setting up Railway Tariff
Authority which would ensure transparency in fixing of fares.

T Sivaraman, president of  Madras Chamber, said the setting up of Rail
Tariff Authority would have ensured transparency of both passenger and
freight fare fixing.

He said the Chamber is happy that there are no populist announcements
which mostly remain on paper and expressed satisfaction at the attempt
to address the core issues regarding revenue augmentation and
improving the operating ratio.

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