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News Entry# 286826
  
Nov 26 2016 (08:33)  Railways sees jump in season ticket sale compared to 2015 (timesofindia.indiatimes.com)
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Commentary/Human InterestML/Mumbai Local  -  

News Entry# 286826     
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Posted by: rdb*^  124962 news posts
MUMBAI: Demonetisation has proved to be a money-spinner for the railways as the sale of yearly and half-yearly season tickets has jumped on both Central and Western Railway.
"Commuters are queuing up at ticket booking counters with banned notes since last fortnight to get rid of them, instead of depositing or exchanging them at banks," said a railway official. The central government has allowed railways to accept old Rs 500 notes till December 15.
"On Central Railway, 338 yearly season first and second class tickets are sold every day against the daily average
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of eight before demonetisation," said an official. In Thane section, which includes stations between Bhandup and Thakurli, yearly and half-yearly season ticket sales show a massive jump—from 246 in 2015 to 2,077 between November 11 and 20 this year.
On WR too, commuters are flocking to ticket booking counters for season tickets. As against the daily average of 30 first class yearly pass, WR sold 268 since demonetisation was announced on November 8. Similar trend was noticed for second class yearly season tickets.
The administration is yet to estimate the revenue earned through the jump in sale of season tickets, but as most tickets are priced in the range of Rs 4,000-Rs 8,000, the amount could touch Rs 1 crore in Thane section, said an official. "The volume of tickets sold last year is less compared to 2016, especially in the last fortnight. We are yet to compile the revenue generated through the sale of season tickets," said an official.
"I paid Rs 8,500 for a Chur-chgate-CST-Borivli first cla-ss yearly season ticket. It was easier to get rid of the banned notes this way than standing in long queues at banks to exchange them. Anyway, my season pass was expiring in a fortnight," said Borivli resident Manish Desai.
Dombivli resident Mohan Shirke said, "The yearly season ticket for Dadar-Dombivli costs around Rs 2,400. This time, I took a yearly pass instead of a monthly or quarterly season ticket."
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