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Blog Entry# 3176360
Posted: Mar 06 2018 (14:28)

2 Responses
Last Response: Mar 06 2018 (15:09)
Rail News
Mar 06 2018 (12:30)   Flexi-fare in premium trains to be tweaked: Rly Board Chairman Lohani

   212 news posts
Entry# 3176360   News Entry# 330811         Tags   Past Edits
KOLKATA: Railway Board chairman Ashwani Lohani today hinted at a change in flexi-fare system in premium trains, saying there will be some tweaking which will benefit both passengers and railways.
Lohani, who earlier headed Air India, said flexi pricing structure works well in competitive transportation like the airlines, where private operators vie with each other to increase occupancy.
But when it comes to trains, the Indian Railways is the only passenger service operator and flexi-fare system may not be conducive for passengers, the Railway Board chairman said.
the present flexi-fare system, train fares go up as soon as a certain number of seats are booked in premium trains.
"There will be some tweaking in some areas which will be beneficial to both passengers and the railways," Lohani said.
Railway minister Piyush Goyal had earlier said that instead of flexi-fares, a dynamic pricing system was being considered where discounts could be given during off season.
The fares would automatically adjust through artificial intelligence, algorithms or technology, to help trains have more occupancy, thus maximising revenues, the minister had said.
On a visit to the city to review progress of work in Eastern, South Eastern and Metro Railways headquartered here, the chairman said that overall punctuality of passenger trains stood at 70 to 75 per cent.
"While punctuality is an issue, safety is also of great concern and we have laid utmost stress on track maintenance and repairs," he said.
Stating that track maintenance work leads to delay in train movement, he said this is a vicious circle but safety is foremost and has been given priority over punctuality.
Lohani, an officer with the Indian Railway Service of Mechanical Engineers, who was brought back from Air India to head the Railway Board in August 2017 after a string of accidents, assured that once track maintenance work has been streamlined and safety issues are taken care of, punctuality of trains would rise.

Mar 06 2018 (14:28)
a2z~   2931 blog posts
Re# 3176360-1            Tags   Past Edits
* Flexifare policy must be reviewed as soon as possible in order to improve the occupancy of the affected trains, without losing on the revenue part. Paxs not getting reserved accommodation in normal trains and a large number of flexifare seats going vacant on the same routes is highly undesirable as it is loss of national resources and unnecessary trouble to citizens.
* There should be more dimensions to Flexifare policy other than the Fare and the number of seats booked. Flexifare should come into play only for the seats booked with in a certain period say 1 month of the date of journey i.e. seats booked well in advance should not come under purview of flexifare irrespective of large
number of seats booked. A pax paying 4 months in advance at 50% dynamic fare is a big joke on hapless paxs by monopolistic IR.
* Tatkal & Flexifare surcharges both going together looks unethical. Tatkal can be made compulsory in all trains with number of tatkal seats capped to higher limit say 25-30% instead of adopting flexifares. The % of seats under may vary from train to train, which may be higher for premium & prestegious trains.
* Else Flexi fares should be kept mild so that paxs are not driven away to buses or airlines. Keeping 50% of seats with normal fare instead of present level of just 10% and restricting Max. flexi surcharge to 20/25% instead of current level of 40/50%

Mar 06 2018 (15:09)
srinivasvasanthi~   4435 blog posts   15 correct pred (54% accurate)
Re# 3176360-2            Tags   Past Edits
Flexi fare reduction is talking about 2 years by the Top Railway official. But the implementation of revised passenger friendly flexi fares are remote,since top official inform that revised flexi fares are benefits to both passengers and Railway.
So the reduction in Flexi fares are nightmares only.

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