Blog Entry# 2372718
Posted: Aug 06 2017 (14:54)
Last Response: Aug 07 2017 (08:33)
Aug 06 2017 (14:53) Flexi fare scheme: Railways earns additional Rs 540 crore in less than a year
Manoj Sinha on IRI~ 61 news posts
Flexi fare scheme: Railways earns additional Rs 540 crore in less than a year
4 posts - Sun Aug 06, 2017
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)
Manoj Sinha on IRI~ 1368 blog posts 1141 correct pred (62% accurate)
I think this is a fake news to justify flexi fare and continue it
Aug 06 2017 (19:21)
Aditya*^~ 4921 blog posts 2418 correct pred (70% accurate)
even Railway is suffering, but that will come out when Govt. changes.
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.
(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.
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