Railways goes corporate, seeks to end Rs 30,000-cr social subsidy

The PSU behemoth is in talks with two financial institutions to conduct a third party study on this

To move to a more corporate mode of functioning, the Indian Railways (IR) is looking for ways to do away with its social sector subsidies of about Rs 30,000 crore a year.

According to sources, it is in talks with two financial institutes to conduct a study on this.

The strategy of a more corporate way of functioning is based on a report by a panel chaired by Bibek Debroy, a member of the NITI Aayog, in 2015. One round of discussion has happened between the National Institute of Public Finance and Policy (NIPFP) and IR officials on how to