Indian Railways has taken a decision to remove its flexi fare scheme from 15 premium trains and reduced the fare slab in other, New Indian Express has reported.
Railway Minister, Piyush Goyal announced the decision on Twitter.
The flexi fare was introduced on 9 September 2016, in Rajdhani, Shatabdi and Duronto trains. During 2016-17 (September-March), 2017-18 and 2018-19 (April-June), the railways earned approximately Rs 371 crore, Rs 860 crore and Rs 262 crore, respectively, as additional revenues from trains having flexi fare.
Under the new flexi fare policy, the base fare increases from 10 per cent to 50 per cent with every 10 per cent of the berths booked.
After concerns were raised over the flexi fare system, an eight-member panel was set up review the scheme and make it more passenger friendly. The review of the scheme has been done based on the recommendation of the committee, CAG report and representations from passengers, the railways said.
As per the reports by the Railways Board, the highest slab has been reduced from 50 per cent from 40 per cent. Flexi fare will be reduced in the months of February, March and August for the other 32 trains.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.