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Blog Entry# 2372718
Posted: Aug 06 2017 (14:54)

9 Responses
Last Response: Aug 07 2017 (08:33)
  
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Aug 06 2017 (14:53)   Flexi fare scheme: Railways earns additional Rs 540 crore in less than a year

Manoj Sinha on IRI~   56 news posts
Entry# 2372718   News Entry# 310920         Tags   Past Edits
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Flexi fare scheme: Railways earns additional Rs 540 crore in less than a year
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| Updated: Aug 6, 2017, 11:52AM IST

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(Representative image)Flexi fare scheme: Railways earns additional Rs 540 crore in less than a year
HIGHLIGHTS
The flexi fare scheme was launched on September 9 last year.
The scheme is applicable in Rajdhani, Shatabdi and Duronto trains.
The railways made changes in the flexi fare structure to attract last minute travellers and introduced a range of discounts.
NEW DELHI: The Railways has earned an additional revenue of Rs 540 crore in less than a year through the flexi fare scheme and there is no plan to discontinue it, a senior ministry official said.
The scheme, launched on September 9 last year, is applicable in Rajdhani, Shatabdi and Duronto trains, allowing 10 per cent of the seats to be sold at normal fare and thereafter increasing it by 10 per cent with every 10 per cent of berths sold with a ceiling of 50 per cent.
"We have earned money from flexi fare and there is no reason why we should discontinue it. In fact, we have gained 85,000 additional passengers in these trains since we launched the scheme, showing that even passengers are not averse to the scheme," said a senior official of the ministry.
The official told PTI that from September 2016-June 30, 2017, the Railways earned an additional revenue of Rs 540 crore.
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The scheme, which officials say will be continuously reviewed, saw a revision last December after the Railways took note of vacant seats in such trains.
The Railways made changes in the flexi fare structure to attract last minute travellers and introduced a range of discounts.
The 30 per cent tatkal charges have been waived for these premium trains, a 10 per cent rebate on basic fare has been offered on vacant berths after preparation of first chart in Rajdhani, Shatabdi and Duronto to lure last minute travellers, provision of tatkal quota has been reduced to 10 per cent from 30 per cent of the total berths available and there is also a provision for discounted fares for some trains.
"The scheme now comes with a lot of discounts for passengers and it is a success. However, there is always scope for more reviews," the official added.
The numbers show a positive trend - during September 2016-June 2017, Duronto trains earned Rs 140 crore more than the amount earned in the same period last year while Shatabdi trains earned Rs 120 crore more.
There are total 42 Rajdhani trains, 46 Shatabdi and 54 Duronto trains.
"Just to give an indication of how much the railways is expected to gain from the scheme - we have earned an additional revenue of Rs 240 crore from April-June this year, which is around Rs 80 crore additional revenue per month. This comes to around Rs 960 crore per annum. These are good signs," the official said.

4 posts - Sun Aug 06, 2017

  
1003 views
Aug 06 2017 (18:47)
a2z~   2187 blog posts
Re# 2372718-5            Tags   Past Edits
Report may be for messaging minister, but poor paxs are suffering and continuously being hard-hit and bruised by flexi-punches hurled by IR.

  
983 views
Aug 06 2017 (19:08)
Manoj Sinha on IRI~   1238 blog posts   1039 correct pred (62% accurate)
Re# 2372718-6            Tags   Past Edits
I think this is a fake news to justify flexi fare and continue it

  
969 views
Aug 06 2017 (19:21)
Aditya*^~   4858 blog posts   2417 correct pred (69% accurate)
Re# 2372718-7            Tags   Past Edits
even Railway is suffering, but that will come out when Govt. changes.

  
850 views
Aug 06 2017 (21:29)
DhnEcr~   5926 blog posts
Re# 2372718-8            Tags   Past Edits
While Railways thinks of Economics principles for managing the shortage, they seem to have forgotten a similar principle of Marginal Decisions. The collections shows that while there were substantial gains made they dont show how much of this has contributed to flights or Airline success.

  
1055 views
Aug 07 2017 (08:33)
a2z~   2187 blog posts
Re# 2372718-9            Tags   Past Edits
(1) IR is very strongly thinking on economics of increasing revenue by indirectly charging more and more from the paxs. This is because with implementation of 7th pay rec., and very low revenue the employee cost had gone all time high of record 70% of total revenue. IR can never grow unless it reduce this astronomically high cost. Organisational restructuring, automation, revamping recruitment policy, efficient deployment of resources like funds, trains, manpower etc is now inevitable.
(2) IR could successfully reduce the no.2 cost I.e. fuel cost but the no.1 cost I.e. employee cost is rising like anything inspite of record high budgetary support.
(3)
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Actually IR is slowly going on AirIndia, way and is surviving because it has monopoly in Rly unlike AI which was gobbled up by efficiently managed Private airlines. Flexifares, Suvidha etc are giving opportunity to offer new services and snatch AC3, SL, ACC class paxs from IR, AC1,AC2 are being snatched away by airlines.

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