Restructuring of Railway Board on corporate line
In fact, there was a well chiseled plan to convert entire railways as Indian Railways Corporation Ltd. But the Government developed cold feet in the last minutes in view of growing public ire against privatization and dropped the proposal for now. Anyway, privatization will push the costs of rail services making Indian Railways prohibitive for general public of whom about 80 crores (800 million) people are poor and live on day to day earnings and that also in our democratic system of governance where people elect the government of transient majority and for that the people are sovereign masters of the elected government.
Union Ministry of Railways has issued orders restructuring Railway Board on corporate lines (claimed by the Ministry on functional lines) with effect from September 8, 2020. Restructuring has been effected to deal resolutely with the ongoing privatization of Indian Railways. Accordingly, Chairman Railway Board (CRB) and ex-officio Principal Secretary to the Government of India has been redesignated as Chief Executive Officer (CEO) with a trimmed five-member Board. Existing designation of CRB will continue but for all practical purposes he/she will be known as CEO, Indian Railways.