The Union Cabinet’s decision to revise the railway land policy is well-intended. One of the ways to improve economic outcomes is to use the available resources more efficiently.
What is the proposal?
How will it be beneficial?
What are the other proposals?
Way forward –
In this context, the government will need to make sure that the policy is implemented transparently. The valuation of land will need to be tackled carefully because the policy will require dealing with a potentially large number of both public and private entities at multiple locations.
Successful implementation of the policy would not only improve prospects for the railways but also help increase efficiency and overall activity in the country.
Source – Business Standard
QUESTION – Government’s rationalisation of railways land-lease policy will improve prospects for the railways and help increase efficiency and overall activity in the country. Discuss in brief the recent land-leasing policy for the Indian railways.