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Blog Entry# 2053895
Posted: Nov 09 2016 (17:02)

1 Responses
Last Response: Nov 09 2016 (19:45)
8 votes
Nov 09 2016 (17:02)  

nuttyneeraj   105 blog posts   374 correct pred (59% accurate)
Entry# 2053895            Tags   Past Edits
Do the decision of terminating the 500 & 1000 INR currency denominations will effect Indian Railway in any manner? Plz give reason also..
Don't know13%1

Nov 09 2016 (19:45)
For Better Managed Indian Railways~   1933 blog posts
Re# 2053895-1            Tags   Past Edits
(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.
The tourism may take a little dip due to curb on black money. Accordingly sales to/from tourist destinations may be a little bit affected. Sale of normal priced tickets is likely to be unaffected.
Overall passenger revenue generation may not be affected to any appreciable extent. Effect on over all revenues of IR shall be very less(almost negligible).

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