Railways is mulling innovative measures to boost occupancy in those routes
where occupancy is low, implying less cost effective. On the lines of airlines,
Railway Minister Piyush Goyal said that Indian Railways is looking into a model
under dynamic pricing where train tickets can be offered at discounts, just
like in airlines.
Remarkable, out of the box thinking is
breaking new grounds for enhancing revenues for the Railways.
“Why should flexi-fares only be about an increase in train fares. Just like in
airlines and hotels, Railways too should be able to offer discounts on routes
where the occupancy is relatively low. We are exploring this possibility. The
Railway Board chairman Ashwani Lohani has come from Air India, so he is
studying this possibility,” Goyal said while addressing the media about the
ongoing Railway conclave “Sampark, Samanvat, Samvad.”
also laid out 10 principles for Railway employees; decisive leadership,
partnership with all stakeholders, outcome-oriented action, time bound
execution and fast dispute resolution, root cause analysis, rule of law and
transparency, prioritisation of issues, technology focus, innovative financing and
accountability and close monitoring.
to the Ministry of Railways, Goyal stressed on the fact that time bound
execution can lead to meeting cost targets and improve performance. The Railway
conclave was meant to be a brainstorming session for senior railway employees.
The aim was to deliberate on “Vision for New Railway – New India 2022”. It was
attended by over 250 members of Indian Railways.