In a huge relief for passengers, the Railways has Rationalised Flexi Fare Scheme under which it has scrapped flexi-fare in 15 premium trains, while the scheme will no longer be applicable in 32 trains during lean periods.
About:
Background: Flexi Fare Scheme was launched with effect from 9th September, 2016.
Working:
The scheme was introduced for premier trains — 44 Rajdhani, 52 Duronto and 46 Shatabdi Express trains.
Under the dynamic pricing system,the fares increase 10% with every 10% of the seats sold, subject to prescribed limit. There was no change in the existing fare for first AC and economy class.
Recent Review:
The scheme generated high revenue, however initially there was a drop of passengers which picked up later on.
In this background, Railways has decided to remove flexi fares in 15 premium trains with less than 50% occupancy in the previous year, while the scheme will be discontinued in 32 other trains during lean periods when occupancy dips to 50-75%.
The Rationalisation of scheme has been done based on the recommendation of the Review committee and Comptroller and Auditor General’s report.
The reduction of Flexi Fares will benefit both the passengers who can now avail tickets at cheaper rates, as well the Railways that will see a surge in demand and occupancy.”
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
