Forum Super Search
Posting Date From:
Posting Date To:
Train Type:
ONLY with Pic/Vid:
Sort by: Date:     Word Count:     Popularity:     
Public:    Pvt: Monitor:    RailFan Club:    

Full Site Search
Tue Sep 26, 2017 20:16:56 ISTHomeTrainsΣChainsAtlasPNRForumGalleryNewsFAQTripsLoginFeedback
Tue Sep 26, 2017 20:16:56 IST

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

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

Akhlaq~   33 news posts
Entry# 2372718   News Entry# 310920         Tags   Past Edits
Flexi fare scheme: Railways earns additional Rs 540 crore in less than a year
| Updated: Aug 6, 2017, 11:52AM IST

(Representative image)Flexi fare scheme: Railways earns additional Rs 540 crore in less than a year
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.
SBI Life’s assets under mgmt cross Rs 1 lakh crore
Ranbir Kapoor on the Dutt biopic
Dilip Kumar health update: Actor is stable
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

Aug 06 2017 (18:47)
a2z~   2045 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.

Aug 06 2017 (19:08)
Akhlaq~   444 blog posts
Re# 2372718-6            Tags   Past Edits
I think this is a fake news to justify flexi fare and continue it

Aug 06 2017 (19:21)
Aditya*^~   4683 blog posts   2417 correct pred (70% accurate)
Re# 2372718-7            Tags   Past Edits
even Railway is suffering, but that will come out when Govt. changes.

Aug 06 2017 (21:29)
DhnEcr~   5571 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.

Aug 07 2017 (08:33)
a2z~   2045 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.
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.

ARP (Advanced Reservation Period) Calculator

Reservations Open Today @ 8am for:
Trains with ARP 10 Dep on: Fri Oct 6
Trains with ARP 15 Dep on: Wed Oct 11
Trains with ARP 30 Dep on: Thu Oct 26
Trains with ARP 120 Dep on: Wed Jan 24


Rail News

New Trains

Site Announcements

  • Entry# 2418661
    Yesterday (07:09AM)

    @all: There are some changes coming to the PNR Forum. 1. All PNRs will be anonymized, i.e. you won't see who posted the PNRs or search PNRs by Traveller. This is to better protect the confidentiality of travelling members and their travel plans. However, members will still be able to search their OWN...
  • Entry# 2409730
    Sep 15 (11:46PM)

    In recent times, the number of FM Complaints regarding "targeting me", "offensive content", "sarcastic comment" have been increasing. This has led to increased censorship and throttling of open discussions. . This is a clarification that this site is meant for a FREE EXCHANGE of ideas. Some arguments/debates/disagreements/jokes/sarcasm are ALLOWED and are an integral...
  • Entry# 2390218
    Aug 25 2017 (12:59PM)

    There has been a partial rollout of a modification to Timeline entries. The implementation will be complete within a week. 1. Void & RAC buttons have been removed. . 2. TL Entries can now be Edited and Fixed by the original updater, if there are errors. So there is no need to Void TLs...
  • Entry# 2175399
    Feb 23 2017 (01:22PM)

    There has recently been a lot of frustration among RFs when their Station Pics, Loco Pics, Train Pics get rejected because the "number is not showing", "shed is not visible", the loco/train is at a distance, Train Board is too small, "better pic available", etc. . To address this issue, effective tomorrow, ALL...
  • Entry# 2165159
    Feb 15 2017 (09:53AM)

    A minor update, but may impact many members: Hereafter, FMs will be able to delete invalid Red Flags on Imaginary trains. Red Flags can be removed by FMs, only against specific complaints filed against the blog. This does not give all members the right to complain against EVERY single red flag they...
  • Entry# 2155798
    Feb 08 2017 (11:40AM)

    -@all members: As of recently, there has been a trend whereby minor name updates of Trains/Stations - whether such and such regional name should be there or not, whether the train should be called "Abc Express" or "Abc Superfast Express", etc. are threatening to take over the majority of Timeline entries. Also,...
Scroll to Top
Scroll to Bottom

Go to Mobile site
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.