Don’t miss the latest developments in business and finance.

Train Fare

Railway Minister Ashwini Vaishnaw on Tuesday said that the Railways gives a concession of 55 per cent to its passengers and last year spent Rs 62,000 crore on the subsidy. The minister, who arrived here on Tuesday on a two-day visit, said: "If the expenditure of the Railways is Rs 100, then only Rs 45 is charged from the passengers." Last year, Railways gave a total subsidy of Rs 62,000 crore to different categories of passengers, he said. Asked about any plans for new trains, Vaishnaw said there are under construction EMU trains, which are being built on the lines of the metro, which do not have an engine, but are powered from the second or the third coach. The same arrangement will be made in main line EMU trains also, he said. Vaishnaw, who is also the Minister for Communications, said that the 5G service of Bharat Sanchar Nigam Limited (BSNL) will start in October. The service is targeted to be launched in five major cities of the country in the next 500 days, he said. Vaish

Updated On: 24 Aug 2022 | 1:32 AM IST

Almost four crore senior citizens have been forced to pay full fare for their travel since the railways suspended their concessions due to the coronavirus outbreak in March 2020, a RTI has revealed. In a reply to a query filed by Madhya Pradesh-based Chandra Shekhar Gaur, the railways has stated that between March 22, 2020 and September 2021, 37,850,668 senior citizens have undertaken journeys on trains. During this period, train services remained suspended for several months due to the coronavirus-induced lockdown. The concessions, which were suspended from March 2020, have remained suspended to this day. In the case of senior citizens, while women are eligible for 50 per cent concession, men can avail 40 per cent in all classes. The minimum age limit for a woman is 58 and a man is 60. Over the last two decades, railway concessions have been a much-discussed topic with multiple committees recommending their withdrawal. As a result of this in July 2016, the railways made elderly ..

Updated On: 21 Nov 2021 | 5:33 PM IST

Hike covers less than 3% of total trains running; fares fixed in passenger trains at unreserved price of mail or express trains for the same distance

Updated On: 24 Feb 2021 | 11:53 PM IST

The Railways on Tuesday announced that it will operate 392 festival special trains between October 20 and November 30 in view of the upcoming festive season.

Updated On: 13 Oct 2020 | 8:16 PM IST

Railways have increased passenger fares by 1 to 4 paisa across various classes. But is that enough for the cash-strapped national transporter ? Listen to this podcast to know more

Updated On: 01 Jan 2020 | 1:25 PM IST

The Indian Railways has announced that Merchant Discount Rate (MDR) charges will not be levied on passengers for railway tickets bookings of up to Rs 100,000

Updated On: 02 Mar 2018 | 10:28 AM IST

Sources close to the development have said the new model may be based on the wholesale price index

Updated On: 22 Dec 2016 | 12:38 AM IST