Indian Railways Earned Rs 5800 Crore By Denying Senior Citizen Concessions


Mohul Ghosh

Mohul Ghosh

Apr 03, 2024


In the past four years, Indian Railways experienced a significant revenue increase from senior citizens following the withdrawal of fare concessions, as revealed by responses under the Right to Information Act.

Indian Railways Earned Rs 5800 Crore By Denying Senior Citizen Concessions

These details were scooped out by Madhya Pradesh-based Chandra Shekhar Gaur.

He said, “I filed three applications under the RTI Act. In the first application, the Railways provided me additional revenue data from March 20, 2020 to March 31, 2022. In the second application, it gave me data from April 1, 2022 to March 31, 2023. Since I filed the third application in February 2024, I got the data from April 1, 2023 to January 31, 2024,”

Withdrawal of Concessions and Revenue Gains

On March 20, 2020, the Railway Ministry eliminated fare concessions for senior citizens amid the Covid-19 lockdown. Before this, female passengers received a 50% concession, while males and transgender passengers received a 40% discount. Since then, seniors have paid full fare, resulting in a notable revenue surge for the Railways.

He said, “Calculating 50 per cent concession for female and 40 per cent for male and transgenders senior citizen passengers gives a figure of over 5875 crore,”

Chandra Shekhar Gaur who filed multiple RTI applications, disclosed that the Railways earned over Rs 5,875 crore in additional revenue from senior citizens between March 20, 2020, and January 31, 2024.

Despite inquiries about restoring concessions, Railway Minister Ashwini Vaishnaw emphasized the 55% discount offered to all passengers.

Image Source


Mohul Ghosh
Mohul Ghosh
  • 841 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online