Spotting
 Timeline
 Travel Tip
 Trip
 Race
 Social
 Greeting
 Poll
 Img
 PNR
 Pic
 Blog
 News
 Conf TL
 RF Club
 Convention
 Monitor
 Topic
 #
 Rating
 Correct
 Wrong
 Stamp
 PNR Ref
 PNR Req
 Blank PNRs
 HJ
 Vote
 Pred
 @
 FM Alert
 FM Approval
 Pvt

RailCal app

site support

Mumbai Local - RailFanning nirvana.

Search Forum
<<prev entry    next entry>>
Blog Entry# 5941845
Posted: Jan 14 (11:11)

5 Responses
Last Response: Jan 25 (19:02)
Rail News
17305 views
2

Politics
Jan 14 (11:11)   Indian Railways offering 55% concession on train fares to every passenger: Ashwini Vaishnaw

PrakharYadav^~   1459 news posts
Entry# 5941845   News Entry# 537477         Tags   Past Edits
Every train passenger will receive a 55% concession on their fare, according to Railway Minister Ashwini Vaishnaw. When asked about the restoration of pre-Covid fare concessions...

Rail News
11652 views
2

Jan 14 (11:39)
Shankar_Rail
Shankar_Rail   58 blog posts
Re# 5941845-1               Past Edits
1 compliments
Useful
This 55 percent subsidy calculation is based on 2019-20 data, which is peak COVID-19 year when the passenger business went down. In regular year like 2018-19, passenger revenue was 51000 crores and in FY 2024-25, the passenger segment revenue would be close to Rs. 90000 crores. Now, if we estimate for current financial year the revenues are around 75000 to 78000 crores. Hence, we safely conclude that the passenger revenue subsidy would have definitely come down to 25 percent. The daily average trains operated by IR before COVID 19 were around 13500, and currently IR operates around 10500 daily average trains. IR has scrapped around 1300 passenger class trains, 1200 mail/express trains on unviable routes and also upgraded 500+ passenger trains to Mail/express trains. This has improved realisations and reduced the operating expenditure.
...
more...

Overall, IR has adopted a good strategy for improving passenger revenues by curtailing unviable routes, conversion of passenger to Mail/express, mix of AC berths increased to 40 percent from around 10 percent in reserved category, introduction of VB trains, etc. IR will reach the zero loss in passenger segment in the next 3 years, provided they also increase Second class and Sleeper class fare by 15 to 20 percent after the elections. This will make this segment also viable and add to lower middle class using IR for long distance travel and also make IR servicing all the segments.

Translate to English
Translate to Hindi

1 Public Posts - Sun Jan 14, 2024

3 Public Posts - Thu Jan 25, 2024
Scroll to Top
Scroll to Bottom
Go to Desktop 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