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Wed Jan 24, 2018 12:09:30 ISTHomeTrainsΣChainsAtlasPNRForumGalleryNewsFAQTripsLoginFeedback
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Blog Entry# 2026911
Posted: Oct 17 2016 (16:06)

7 Responses
Last Response: Oct 19 2016 (09:25)
  
Rail News
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Oct 17 2016 (12:19)   Flexi fare fails to turn Rlys around
 

Jayashree   38704 news posts
Entry# 2026911   News Entry# 283256         Tags   Past Edits
In what could ring an alarm bell for Indian Railways, despite several steps for augmentation of revenue through fare restructuring, its total earnings from passengers and goods have declined by over 11 per cent in September 2016 in comparison to the figures in  the same period last year.
The Railways recently introduced several innovative fare structures, including flexi fare, and also brought in higher tariffs in newly-introduced train. But passenger bookings dipped to 683.17 million in September as against the target of 686.61 million.
The Railways also rationalised freight rates to attract more
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loadings, but the income from freight reported a sharp decline by 9.7 per cent. In the revenue parameters, this is a massive loss to the ailing health of national transporter.
Official sources said that similar kind of shortfall was recorded in the month ending July in comparison to the corresponding period in 2015. The biggest cause of concern and fear in the Railway administration is that the shortfall in earnings could cause problems in bringing up the new projects announced and undertaken by Railway Minister Suresh Prabhu.
According to the latest figures, in passenger segment the earnings are way behind the target as Railways earned Rs3,815.43 crore as against the target of Rs4,253.71 crore, a decrease of 10.30 per cent. The total earnings from goods in September were Rs7,719.52 crore as against the target of Rs8,564.27 crore, a decline of 9.86 per cent. A senior railway official said that Railways could only earn Rs12,413.96 crore this September as against the target of Rs13,961.91 crore for the month, which is a decrease of 11.09 per cent.
Railways had introduced flexi-fare system in premier services, including Rajdhani, Shatabdi and Duronto trains, to increase revenue from passengers. The exercise initially showed a good response but then the bookings dipped causing serious concerns to the architects of the rail flexi-fare.
In order to increase revenue model in passenger segment, the national transporter has also done away with providing concessions to children with some riders and also curtailed concessions to NRI senior citizens. The twin measures have failed to bring in any major increase in revenue.
A senior Railway official attributed the losses due to the ongoing price war triggered by airline operators who are offering cheaper air tickets than Railways on several routes. “Air tickets for a family of four sometimes are cheaper than in some of our premium and Suvidha trains.
A primary study also reveals that with good roads and affordable luxury public transport, people are opting road travel to cover shorter distance of up to 500 km like Delhi-Chandigarh, Delhi-Jaipur or Mumbai-Ahemdabad and Chennai-Bangalore. The transportation dynamics involves several things and thus impact is on railways since it support the large number of volume of passengers,” said the official.
Admitting the decline in revenue collection, another senior Railway Ministry official said there is a general decline in demand and since a great cause of concern but the Ministry has been taking steps to ensure good health of railways’ revenue. The Railways has also announced many ambitious projects, including massive expansion and modernisation of rail networks like Bullet trains, semi and high speed trains and new variety of trains like Humsafar, Tejas, Gatiman, Deendayalu with higher tariffs.

2 posts - Mon Oct 17, 2016

  
1500 views
Oct 17 2016 (16:59)
RNG   66 blog posts   1 correct pred (100% accurate)
Re# 2026911-3            Tags   Past Edits
LET R M and RAILWAY OFFICERS LEARN LESSONS.
FLEXI & PREMIER FAIR SYSTEM is LOOT OF PASSENGERS.
FOR SAME TRAIN AND FACILITIES RAILWAYS MUST not CHARGE EXTRA FAIR who BOOKS TICKETS LATE.
ALL TRAVELERS CAN NOT BOOK AT THE SAME TIME. which is impossible.
Who
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will tell these officers & RM ??????

  
1513 views
Oct 17 2016 (19:43)
Hum TumV2   100 blog posts
Re# 2026911-4            Tags   Past Edits
you mean MR !!
(Minister of Railways)

  
1119 views
Oct 18 2016 (08:24)
Udaipur Mysore HumSafar superfast^~   88583 blog posts   5328 correct pred (78% accurate)
Re# 2026911-5            Tags   Past Edits
MR or RM one and same thing

  
1143 views
Oct 19 2016 (02:37)
Hum TumV2   100 blog posts
Re# 2026911-6            Tags   Past Edits
explanation and some source required.
Google isn't reverting Railway Minister for RM search. (in may case)

  
972 views
Oct 19 2016 (09:25)
Hum TumV2   100 blog posts
Re# 2026911-7            Tags   Past Edits
explanation and some source required.
Google isn't reverting Railway Minister for RM search. (in may case)

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