Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

Railways to Replace Loss-making AC II-tier Coaches in Premium Trains With AC-III

This will be initially applicable to those trains where the number of AC-II passengers is low, and at least 250 such coaches across the country may be replaced.

PTI

Updated:August 24, 2018, 8:22 PM IST
facebookTwitter Pocket whatsapp
Railways to Replace Loss-making AC II-tier Coaches in Premium Trains With AC-III
Image for Representation.

New Delhi: In a bid to replace loss making AC II-tier coaches in premium trains like Rajdhanis and Durontos with AC-III tier, the Railway Board has given instructions to manufacture more such coaches.

This will be initially applicable to those trains where the number of AC-II passengers is low, and at least 250 such coaches across the country may be replaced.

"We have decided to get more AC-III tier coaches because they generate more revenue for us," Chairman Railway Board Ashwani Lohani said, without giving a deadline for replacement of the coaches.

If such a replacement is done, for example, in the 50 Rajdhani trains, officials said, it will create around 14,400 additional berths for AC-III passengers.

They said that railways was suffering huge losses on AC-II, while AC-III is always on demand. Hence, the change.

In fact, AC III coaches are the money spinners for railways in AC segment as they carry around 85 million passengers annually, compared to around 55 million in all other AC segments together - AC-I, AC II and AC chair car.

This is coming at a time when the national transporter is mulling a change in its flex-fare scheme to make it more consumer friendly. In fact, after a CAG report criticised the scheme and lashed out at the railways for charging its AC-II passengers on a par with airlines in certain sectors, the move seeks to generate additional revenues.

Sources said the board is mulling revising the scheme as per a formula used in the Humsafar trains in which the first 50 per cent berths of these trains will be sold at 15 per cent higher price than the base price and the slab will change with every 10 per cent of the berth sold thereafter.

Similarly, the government is also mulling options to bring in special discounts under the scheme in not so busy routes.

As of now, under flexi-fare scheme the base fares of premium trains increase by 10 per cent with every 10 per cent of berths sold subject to a prescribed ceiling limit. There is no change in the existing fare for 1AC and EC class of travel.

Under the scheme, the national transporter had posted a 0.82 per cent increase in the number of passengers during the last financial year and got additional revenue of around Rs 8.6 billion.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results