New Bill Enhances Railway Board's Independence

Parliament approved the Railways (Amendment) Bill 2024, aimed at improving the functioning and independence of the Railway Board, with the Rajya Sabha passing it via voice vote. The Lok Sabha had passed the bill previously. This new legislation repeals the older 1905 Act, marking a significant regulatory update.

In a significant legislative move, Parliament has approved the Railways (Amendment) Bill 2024, designed to enhance the functioning and independence of the Railway Board.

The decision was finalized on Monday when the Rajya Sabha passed the bill through a voice vote, following its earlier approval in the Lok Sabha on December 11.

The newly passed bill effectively repeals the Railway Act of 1905, indicating a pivotal shift in the governance and operational framework of the Indian Railways.