Bibek Debroy Committee, 2015

The Railway Board had constituted a Committee for mobilization of resources for major railway projects and restructuring of Railway Ministry and Railway Board under the chair of Mr. Bibek Debroy. The Committee was constituted on September 22, 2014 and submitted its final report in June 2015.

• Liberalization, or the allowing of private entry; changes in the composition of the Railway Board.
• Decentralization to zones/divisions; cleaning up finances between Union government and Indian Railways.
• Reform of RPF, schools and medical services; transition to commercial accounting, reform of production and construction units.
• Changes in the Railways Act and the Railway Board Act, setting up a Regulator; unified entry into the Railway services; resolution of social costs.
• Bifurcation between Railway Infrastructure Corporation and rest of Indian Railways as train operators; end of the Railway Budget.
• Transition of the Indian Railways that operates trains to a government-owned SPV.
• Most of the recommendations were accepted and outcome of which from the next year (2016) onwards the Railways Budget is subsumed in the Union Budget.