Piyush Goyal led Indian Railways as part of the Railway Board's 100-day agenda for the national carrier is carving out a plan to enable passengers to voluntarily give up, either the entire subsidy or a part of it that is the component of the railway ticket prices.Interestingly, the behemoth Indian Railways, on an average manages to collect just 57% of the total cost involved in carrying out passenger transport services from train tickets.

As per a leading business daily report, in a case when the train passenger gives up the subsidy, the proposed class-wise computation that would be applied on the base fare will make train travel in classes such as AC-2 Tier relatively more costly.
And the increased cost which the rail passenger will thus bear (by foregoing the subsidy component of their train ticket price) will be put to provide better and modern railways infrastructure to its customers.
It is to be noted that subsidy offered by Indian Railways comes as a cross-subsidy from the department's own freight business and is not provided by the exchequer.Policymakers in the system are suggesting ways of its implementation and one of the ideas suggested is the availability of reservation forms at the station counters that will include the option for train travellers to choose the "give it up" option. Also, there is hailed a view that foregoing the subsidy component does not mean you can get a confirmed ticket, and if it does happen it will be similar to the Tatkal Scheme with a different name.
Nonetheless, the system will be far more convenient if made available online on IRCTC at par with the option of concessions for senior citizens. Through the 'give it up' scheme already in force since July 2017 for senior citizen train passengers, the carrier earned an extra amount of Rs. 78 crore as the option had been availed by as many as 48 lakh travellers. The scheme enables senior citizens to give up on the allowed concession for them either in part or full.
GoodReturns.in
More From GoodReturns

Stock Market Holidays: BSE, NSE To Be Closed For 3 Days From March 30-April 5; Mahavir Jayanti To Good Friday

Russia to Halt Gasoline Exports from April 1 for Four Months to Stabilise Domestic Fuel Prices

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026

Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA

5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report



Click it and Unblock the Notifications