Railways has done away with flexi-fare scheme, called dynamic pricing, in 15 Shatabdi and Duronto premier trains which have seen a low occupancy. In another passenger-friendly measure, Railways will also discontinue the flexi-fare scheme in another 32 Shatabdi, Rajdhani, and Duronto trains during lean periods. In addition, 101 trains will also see a reduction in the highest slab in all classes applicable under the flexi-fare scheme, from 1.5 times to 1.4 times. Railways minister Piyush Goyal termed the latest move from Railways as a “win-win” situation.
“The reduction of flexi-fares is going to benefit both the passengers that can now avail tickets at cheaper rates, as well the Railways that will see a surge in demand and occupancy,” he tweeted.Read more ↓
Railways had launched the flexi-fare scheme in 2016. The scheme generated higher revenue initially but subsequently there was a drop of passengers. To rationalize, the flexi-fare scheme in premier trains like Shatabdi, Rajdhani, and Duronto, the Railways had formed a review committee. The Comptroller and Auditor General (CAG) had also flagged the dipping occupancy level and had recommended rationalisation of flexi-fare scheme………Read More>>