Economic Regulation of Railways

Economic regulation of railways involves government oversight to ensure fair pricing, prevent monopolistic practices, and promote efficient service delivery. Regulators set tariffs, monitor service quality, and ensure safety standards, balancing the interests of railway companies, consumers, and the economy. This oversight helps prevent excessive charges, encourages investments, and maintains a reliable transportation network crucial for trade and mobility. Essentially, it ensures railways operate fairly and efficiently, aligning their commercial goals with public interests.