Timeline
 Travel Tip
 Trip
 Race
 Social
 Greeting
 Poll
 Img
 PNR
 Pic
 Blog
 News
 Conf TL
 RF Club
 Convention
 Monitor
 Admin
 Followed
 Rating
 HJ
 Vote
 Pred
 @
 FM Alert
 FM Approval
 Pvt
Forum Super Search
 ↓ 
×
HashTag:
Freq Contact:
Member:
Posting Date From:
Posting Date To:
Blog Category:
Train Type:
Train:
Station:
ONLY with Pic/Vid:
Sort by: Date:     Word Count:     Popularity:     
Public:    Pvt: Monitor:    RailFan Club:    

Search
  Go  
Full Site Search
  Full Site Search  
 
Fri Sep 21 04:34:12 IST
Home
Trains
ΣChains
Atlas
PNR
Forum
Gallery
News
FAQ
Trips
Login
Feedback
PostPost Trn TipPost Stn TipAdvanced Search

Blog Entry# 2337851
Posted: Jun 30 2017 (20:42)

2 Responses
Last Response: Jun 30 2017 (20:45)
  
Rail News
0 Followers
554 views
IR Affairs
Jun 30 2017 (20:37)   Govt to reimburse Rs 500-cr service charge loss to IRCTC

⭐ ⭐ ⭐ Telangana Express Oops AP Express ⭐ ⭐ ⭐^~   3728 news posts
Entry# 2337851   News Entry# 307034         Tags   Past Edits
Giving relief to government-owned Indian Railway Catering and Tourism Corporation (IRCTC), the ministry of finance has decided to reimburse the loss of the Railways' subsidiary due to the waiver of service charge for online booking of train tickets.
This service charge was exempted from November 23, 2016, to boost digital transactions. Before demonetisation, IRCTC used to charge Rs 40 a ticket for bookings in air-conditioned classes and Rs 20 per ticket in the sleeper class. The finance ministry is likely to reimburse about Rs 500 crore to IRCTC annually.
"The railways were demanding
...
more...
a rollback in this regard or a reimbursement of the losses they are suffering. The finance ministry has decided to pay the company for the losses due to this digitalisation push," said an official source.
This comes at a time when the government has initiated the process of listing of railway public sector undertakings - IRCTC, Indian Railway Finance Corporation and Ircon. Recently, the department of investment and public asset management (DIPAM) had appointed SBI Cap, IDBI and YES Bank the bid managers for IRCTC.
The listing of rail PSUs is needed for the government to meet its divestment target of Rs 72,500 crore for 2017-18. During the first six months of the financial year, till end-September, it has set a target of Rs 25,000 crore in stake sales.
Service charge was the major revenue source for IRCTC. It earned an income of Rs 551 crore from railway ticketing in 2015-16, as against Rs 256 crore in 2014-15. On a monthly basis, the IRCTC revenue from service charge was an average of Rs 40 crore, of which about Rs 20 crore was the share of the railways.
The rail subsidiary was also taking a hit from the five per cent discount on digital payments for catering, accommodation and retiring rooms. In addition, free insurance for online tickets is also leading to outgo of Rs 36-40 crore on an annual basis for IRCTC.

2 Public Posts - Fri Jun 30, 2017

ARP (Advanced Reservation Period) Calculator

Reservations Open Today @ 8am for:
Trains with ARP 10 Dep on: Mon Oct 1
Trains with ARP 15 Dep on: Sat Oct 6
Trains with ARP 30 Dep on: Sun Oct 21
Trains with ARP 120 Dep on: Sat Jan 19

  
  

Rail News

New Trains

Site Announcements

  • Entry# 3710716
    Aug 14 2018 (11:04AM)


    This is regarding the appointment of Monitors. For TLMs, we require a minimum of 1000 Confirmed TLs. For FMs, we require members to promise to abide by the guidelines and be free of controversies. For other Monitors, we require the member to be in good standing. . However, "eligibility" does NOT always mean...
  • Entry# 3645007
    Jul 20 2018 (03:28PM)


    This is an advance notice of an upcoming change: 1. We shall be removing the Login/Forum section from the RailCal app as it is cumbersome, buggy and lacking in features. . 2. We shall soon be introducing a dedicated app called "Rail Messenger" for both Android and iOS, for all blogging/messaging purposes. The app...
  • Entry# 3644431
    Jul 20 2018 (12:42PM)


    The following changes are being made: 1. To restore the fun back to PNR Predictions, PNR Predictions will NOT be hidden anymore. PNR Predictions by members can be seen by ALL, before and after Charting. New members often look towards our expert predictors for hints, and we are reinstanting that. . 2. To better...
  • Entry# 3601043
    Jul 04 2018 (12:36PM)


    @all: While we do nominally allow multiple IDs, these multiple IDs are NOT allowed to engage in misuse and "mischief". Voting multiple times in the same poll using multiple IDs, rating each other IDs' blogs using multiple IDs, etc. are classified as "gross misuse". . This is an advance notice that some of the...
  • Entry# 3555168
    Jun 20 2018 (10:33PM)


    @all: IRI is a PUBLIC information website, like Wikipedia. The voluntarily posted Blogs, Train/Station Tips, Train/Station Pics, Polls, Train TTs, PNRs, etc. comprise the permanent publicly viewable and searchable repository of IRI. A PUBLIC info website is unlike WhatsApp, FaceBook, Instagram, etc. where people post personal pics and other stuff, which CAN...
  • Entry# 3535285
    Jun 15 2018 (08:28PM)


    This is a clarification to all members regarding our Forum Guidelines and the FM Group. SWs are issued for very clear cases of abuse and misbehaviour by a member. . At this time, we have had many members against whom SW is issued claim that: "I am a long-time member of IRI, and have...
Scroll to Top
Scroll to Bottom
Go to Mobile site
Important Note: This website NEVER solicits for Money or Donations. Please beware of anyone requesting/demanding money on behalf of IRI. Thanks.
Disclaimer: This website has NO affiliation with the Government-run site of Indian Railways. This site does NOT claim 100% accuracy of fast-changing Rail Information. YOU are responsible for independently confirming the validity of information through other sources.
India Rail Info Privacy Policy