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Railway ministry withdraws decision of 50% sharing of convenience fee on IRCTC


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Posted

It happened 1 week back when govt holding 70% stakes in IRCTC (market cap of approx 1 lakh crores) decided that IRCTC has to pay 50% of their fees which would be around 100 crores.

 

IRCTC shares fell by 25% and govt lost thousands of crores in few hours. Govt withdrew that decision and share prices recovered.

 

How do you see such decision making by the govt?

 

https://www.businesstoday.in/latest/economy/story/railway-ministry-withdraws-decision-of-50-sharing-of-convenience-fee-on-irctc-310797-2021-10-29

Posted
5 hours ago, Austin 3:!6 said:

India needs privatization of railways

At least take care of its NPAs. They can privatize some long distance routes, keep city and some  important sectors for Public admin. 

Posted
7 hours ago, Austin 3:!6 said:

India needs privatization of railways

Why? Privatisation will help only middle class . Poor people which travel in unreserved or sleeper class will badly suffer if entire railway is privatized

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