Blog Entry# 2053895
Posted: Nov 09 2016 (17:02)
Last Response: Nov 09 2016 (19:45)
Nov 09 2016 (17:02)
11neeraj96 68 blog posts 259 correct pred (60% accurate)
Do the decision of terminating the 500 & 1000 INR currency denominations will effect Indian Railway in any manner? Plz give reason also..
Nov 09 2016 (19:45)
For Better Managed Indian Railways~ 1933 blog posts
(1) Decision of terminating the 500 & 1000 INR may reduce the sale of tickets (esp. the high value ones) at the booking counter, for some period due to cash crunch that is expected to persist, as the new currency notes shall take sometime for circulation. However the on-line sale is likely to be unaffected.
(2) If the hoarders of black money (through 500 & 1000 Re notes) are unable to get it encashed and lose it, then the sale of very high value flexifare/suvidha tickets are likely to go down, as mostly the people flushed with black money don't mind splurging money in these tickets. Honest taxpayers avoid the journey altogether rather than paying very high flexi/Suvidha/Prem.Tatkal fares.
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