Indian Railways disappoints, says will not roll back train ticket fare system despite criticism
The Indian Railways has ruled out the idea of rolling back the flexi -fare scheme on reserved tickets of its premium trains, officials said on Tuesday. The flexi -fare scheme in the premium trains is going to stay, a senior Railway Ministry official said requesting anonymity.
The Indian Railways has ruled out the idea of rolling back the flexi-fare scheme on reserved tickets of its premium trains, officials said on Tuesday. The flexi-fare scheme in the premium trains is going to stay, a senior Railway Ministry official said requesting anonymity. He said that the flexi-fare scheme is available only for 168 trains out of 12,500 trains -- mail or express. Hence it makes only 1.5 per cent of the total train, the official said.
He also refuted reports pointing out that due to the flexi-fare scheme, the seats remained vacant in many premium trains. The Indian Railways had on September 9, 2016, introduced flexi-fare for premier trains like Rajdhani, Duronto and Shatabdi. Under this, the base fare increases by 10 per cent with every 10 per cent of berths sold, subject to a prescribed limit. There was no change in the existing fare for first AC and EC classes.
But on December 19, 2016, the Indian Railways started to provide 10 per cent rebate on any seat left vacant after preparation of the chart.
Earlier on July 20 this year, the Comptroller and Auditor General (CAG) in its report, which was tabled in Parliament, highlighted that tickets on the Indian Railways` premium trains were much higher as compared to airfares.
Coming down heavily on the flexi-fare scheme of the Indian Railways, the CAG report said: "For the 120 advance reservation period (ARP) of 120 days, travel by air was found to be cheapest mode in 17 directions of travel.
"In the remaining nine directions though, the air fare was higher and the difference in fare was only up to Rs 600," it pointed out.
The government auditor also said that for 90 days ARP, travel was found to be cheapest mode in 18 directions of travel.
The report also highlighted that for the ARP of 60 days, travel by air was found to be cheapest mode in 19 directions and for 30 days ARP, travel by air was cheapest mode in 17 directions.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:46 AM IST