Parliament passes Railways (Amendment) Bill 2024. What is the main purpose of the Railways (Amendment) Bill 2024?

The Correct Answer is To enhance functioning & independence of Railway Board.

In News

•  Parliament passes Railways (Amendment) Bill 2024 seeking to enhance functioning & independence of Railway Board.

Key Points

• The Railways (Amendment) Bill 2024 seeks to amend the Railways Act, 1989, and enhance the power and independence of the Railway Board.
• The Bill repeals the colonial-era 1905 Act and aims to simplify the legal framework by reducing reference to two separate Acts, leaving only one Act for governance.
• The Lok Sabha passed the bill on December 11 last year, and it was approved by voice vote in the Rajya Sabha.
• The new legislation will focus on enhancing the functioning and independence of the Railway Board, strengthening its authority over Indian Railways.
• This legislative change is part of an effort to modernize and streamline the governance of Indian Railways.