Transcription of Fund Deployment Framework for Rashtriya Rail …
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Fund Deployment Framework for Rashtriya Rail …
Page 1 of 25 fund Deployment Framework for Rashtriya rail Sanraksha Kosh (RRSK) A Discussion Note ** Bibek Debroy1 and Kishore Desai2 1. Background and Context Absolute safety in Railways is a topmost priority for the Government. Railway accidents not only lead to immense loss of lives and property, but also impact the psyche of general public for whom railways is a primary mode of transport. Commenting on safety, a Parliamentary Standing Committee on Railways recently noted3 The Committee wish to remind the Ministry that a rail accident does not merely involve damage to rail infrastructure alone. There is a huge cost to society as well, society pays dearly through lost lives, lost livelihood, loss of productivity, disability, medical expenses, disruption of traffic, loss of the wagons etc. However the highest cost is the loss of passenger confidence which may translate into loss of revenue in future for the railways.
Page 1 of 25 Fund Deployment Framework for Rashtriya Rail Sanraksha Kosh (RRSK) – A Discussion Note Bibek Debroy1 and Kishore Desai2 1. Background and Context 1.1 Absolute safety in Railways is a topmost priority for the Government.
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