THE HINDU Editorial Vocabulary-April 8, 2017- Topic 1
Track to efficiency
On creating a Rail Development Authority
Creating a Rail Development
Authority for India is among the most significant reforms to an
infrastructure system undertaken by the government. The railways connect the
country’s far corners and act as a driver of the economy. High rates of
economic growth have raised the demand for travel, but this remains largely
unmet. The popular aspiration is for a modern system that offers high-quality
travel with low risk of accidents, while industry wants smooth freight
transfer.
An independent, empowered regulator could be the paradigm shift that
is needed. The proposed Authority would have to ensure that the resources of
the system are optimally utilised, overcoming existing inefficiencies that
arise from the fact that policy, regulatory and management functions of the
railways are intertwined. As the National Transport Development Policy
Committee noted in 2014, the centralisation of all functions in the Railway
Board has proved detrimental to the organisation’s growth, particularly at a
time when there is a need for massive investment in infrastructure for 7%-plus
GDP growth. Conversely, robust economic expansion further raises the demand for
railway services. To reconcile this, the regulator has to identify sectors that
can support higher tariffs and also produce greater volumes of traffic. Such
accurate interventions are critical if the trend of declining rates of growth
in railway freight revenues and volumes, which set in during 2011-12, is to be
reversed.
One of the
big challenges before the Centre is to facilitate higher non-budgetary
investment in the railways. The Bibek Debroy Committee found the private sector
is discouraged from participating more effectively due to a monopolistic
framework. Coming up with a system that de-risks private investment and creates
a level playing field are among the major challenges before the Rail
Development Authority. In the area of passenger services, this offers several
possibilities; the railways cater to some 23 million passengers a day in a
network of about 8,000 stations. The experience of consumers in cities shows
that use of information technology to deliver traditional services can lead to
higher levels of efficiency and lower costs, besides adding jobs. While
regulation of tariffs matching the quality of travel can help raise revenues,
the system should be able to move both people and freight faster in order to
grow. Inducting faster, more comfortable trains on 500 km-plus inter-city
routes would attract new traffic, and help operate cheaper passenger trains to
interior areas, as part of the government’s social obligation. Technology
upgrades are essential to raise carrying capacity, service frequency and
speeds. Rail reform is complex and what was undertaken in Europe during the
1990s, separating infrastructure from operations, is an interesting model:
sequential measures achieved sustainable results, rather than a package of
changes introduced at once.
Vocabulary
Unmet: a requirement not
achieved or fulfilled.
Example: An unmet need
Freight: goods transported
by truck, train, ship, or aircraft.
Example: According to
transport experts, one freight train carries the equivalent of 75 lorry loads.
Synonyms: goods, cargo, load, consignment, delivery, shipment, merchandise
Paradigm: a typical example
or pattern of something; a model.
Example: There is a new
paradigm for public art in this country
Synonyms: model, pattern, example, exemplar, template, standard
Intertwined: twist or twine
together.
Example: A net made of
cotton intertwined with other natural fibers
Synonyms: entwine, interweave, interlace, twist, braid, plait, splice
Detrimental: tending to cause
harm.
Example: Releasing the
documents would be detrimental to national security
Synonyms: harmful, damaging, injurious, hurtful, inimical, deleterious
Robust: strong and
healthy; vigorous.
Example: The Caplans are a
robust, healthy lot
Synonyms: strong, vigorous, sturdy, tough, powerful, solid
Obligation: an act or course
of action to which a person is morally or legally bound; a duty or commitment.
Example: He has enough cash
to meet his present obligations
Synonyms: duty, commitment, responsibility, moral
imperative