Blog Entry# 2072521
Posted: Nov 27 2016 (06:38)
Last Response: Nov 27 2016 (06:38)
IR AffairsNov 26 2016 (14:28) Railways headed for heavy losses due to demonetisation, says TMC
For Better Managed Indian Railways~ 948 news posts
Trinamool Congress (TMC) leader and former railway minister Dinesh Trivedi has said that demonetisation would result in heavy losses for the Indian Railways, as the poorer sections of society would travel more by bus than trains.
"In demonetisation, everything is running on cash and poor people would not go for online booking or use credit card. Only four percent of the population possesses plastic cards. In that case, if they travel more by bus as compared to train, then that would lead to losses for the railways," he said.
"If the economy slows...
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