❖ The current Bill proposes to simplify the legal framework by incorporating the proposals of the Indian Railway Board Act, 1905 in the Railways Act, 1989.

❖ It aims to provide statutory backing to the Railway Board, which has functioned without such sanction since its inception.

❖ The Bill proposes the decentralising financial and operational decision-making to zones, empowering them to manage the budgets, infrastructure works, and recruitment.

❖ It is supported by various committees, including the 2014 Sreedharan Committee.

❖ The Bill introduces Section 24A to allow the government to expedite superfast train operations and infrastructure upgrades.

❖ It will establish an independent regulator to oversee various aspects of Indian Railways, including tariffs, safety, and private sector participation.