​​​
  1. Railways suffers loss of over Rs 1,602 crore for concessional fares

Railways suffers loss of over Rs 1,602 crore for concessional fares

Railways has suffered a loss of over Rs 1,602 crore due to the concession given in passenger fare during 2015-16, Rajya Sabha was told today.

By: | New Delhi | Published: August 5, 2016 3:20 PM
The revenue foregone due to concession in some of major categories, including senior citizens, patients, physically challenged and Izzat scheme in monthly season tickets, in the fiscal 2015-16 was Rs 1,602.94 crore. (Source: Twitter ) The revenue foregone due to concession in some of major categories, including senior citizens, patients, physically challenged and Izzat scheme in monthly season tickets, in the fiscal 2015-16 was Rs 1,602.94 crore. (Source: Twitter )

Railways has suffered a loss of over Rs 1,602 crore due to the concession given in passenger fare during 2015-16, Rajya Sabha was told today.

The revenue foregone due to concession in some of major categories, including senior citizens, patients, physically challenged and Izzat scheme in monthly season tickets, in the fiscal 2015-16 was Rs 1,602.94 crore, Minister of State for Railways Rajen Gohain said in a written reply.

Railways provides concession in passenger fare in 24 categories including war widows, press correspondents, awardee teachers, Prime Minister Shram Awardees and President Police Medal awardees among others.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top