* Much hated Flexifares brought only 500-600 Crores extra per annum, where as the cancellation is bringing cool 8000 Crore Rs in last 3 years. This is about 6% of total revenue from all passengers and about 10% of the total revenue from reserved paxs! From every reserved passenger carried, IR gets about 10% of the fare collected from a pax. not travelled and lost cancellation charge.
* Inability of IR to fulfil the rail transportation needs of country is its failure. Paxs are forced to book a ticket upto 4 months in advance just because IR is unable to ensure accommodation on demand later on. For this failure IR is earning 8000CrRs p.a.! In monopoly, even a failure pays off,...
more... else the business would have gone into the hands of competitors.