Did you know that the Indian Railways have earned more than INR 8,000 cr in the last three years apart from passenger bookings and freight fares? As per a report, INR 2,500 cr is earned by railways every year through reservation cancellation, partly confirmed tickets and window waiting tickets.
According to statistics, in the last three years, 8 crore 89 lakh 24 thousand and 414 passengers were unable to get their tickets cancelled. This eventually got railways a massive profit of INR 4404 cr. The railways also earned INR 3439 crore 29 lakh and 56 thousand for reservation cancellations.
A substantial amount of income is earned by the non-cancellation of window waiting tickets. The announcement of a confirmed window waiting ticket is made just 4 hours before the departure time. In this scenario, people just get three-and-a-half hours for cancelling their ticket. Ultimately, people are unable to do it and Indian Railways gets the profit.
Prime Minister Narendra Modi government celebrated its third anniversary on May 26th. The Railway Ministry is considered as one of the most performing ministries of the Narendra Modi government. Suresh Prabhu, the Rail Minister of India, has been taking initiatives for extending the railway network and elevating safety features.
