"The current Bill proposes to simplify the legal framework by incorporating the proposals of the Indian Railway Board Act, 1905 in the Railways Act, 1989. This will reduce the need to refer to two laws. Instead, reference will be required only to one law," Vaishnaw said in his statement of objects and reasons.
Fine print of the bill says that the Centre will prescribe the qualification, experience and terms and conditions of appointment of the Chairman and the other Members of the Board and the manner of filling up the posts.
"This bill is a backdoor entry which can lead to privatisation, and can undermine the autonomy of the Indian Railways," Congress' Manoj Kumar said during the discussion on the bill on Tuesday.
This story is from the December 06, 2024 edition of Business Standard.
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This story is from the December 06, 2024 edition of Business Standard.
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