Wednesday 25 June 2014

After selling 5 lakh passes in 4 days, Railways roll back hike

Money spinner: Serpentine queues for passes have been a regular feature at stations across Mumbai since June 21. Pic/Nimesh Dave
While the rest of us have been wondering where the monsoons have gone, it’s been raining big bucks for the railways.

Between June 21, when passengers started lining up for season passes after the astronomical hike in their cost was announced the previous day, and last evening, when most of it was rolled back, the Central and Western railways earned Rs 30 crore through the sale of passes alone. That’s nearly Rs 7.5 crore a day — a figure that will almost certainly go up when the final count from yesterday comes in.

The Central Railway has earned Rs 11.60 crore between June 21 and 23, or nearly Rs 4 crore a day, through the sale of season passes.

Compare it to the usual daily average of Rs 85 lakh and you realise how much of a difference the fare hike announcement made..

Source: Hindi News

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