Explanation:

Function of RDA

Tariff determination: The regulator will frame principles, recommend tariffs, principles for classification of commodities, frame principles for social service obligation and guidelines for track access charges on dedicated freight corridors. Ensuring fair play: The Railway Board has been often accused of bias. The regulatory body will ensure level-playing field for all stakeholders. It will help propose modifications and send suggestions or advisory notes on investment in railways by the Indian Railways, make suggestions regarding policies for private investment to ensure reasonable safeguards to PPP investors and to resolve disputes regarding future concession agreements. Setting standards: It will help set efficiency and performance standards, and disseminate information in line with global best practices and benchmarking.