No plan to run regular passenger trains by private operators: Railway Minister

Image
Capital Market
Last Updated : Jul 21 2022 | 2:04 PM IST

Railway Minister Ashwini Vaishnaw on Wednesday (20 July) told Lok Sabha that "at present" there is no plan to run regular passenger trains by private operators.

In a written reply in Lok Sabha, Vaishnaw said at present IRCTC runs two Tejas 'corporate' trains on Delhi-Lucknow and Ahmedabad-Mumbai routes. He said both the trains have incurred losses of Rs 58 crore. He said the Lucknow-Delhi Tejas reported a profit of Rs 2.3 crore in 2019-20, but incurred losses in the two subsequent years.

The minister said the cost of granting concessions weighs heavily on Railways, hence extending scope of concessions to all categories of passengers including senior citizens is not desirable. He said in spite of these challenges, Indian Railways has continued concession in fare to four categories which include persons with disabilities, eleven categories of patients and students.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 21 2022 | 1:31 PM IST

Next Story