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

The revenue foregone due to concession in some of major categories, including senior citizens, patients, physically challenged.

Published: 05th August 2016 03:06 PM  |   Last Updated: 05th August 2016 03:06 PM   |  A+A-

By PTI

NEW DELHI: 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.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp