Have you been ruing the fact that Indian Railways charges a substantial amount when you cancel booked tickets? Well, that policy, which has been in force since November 2015, has earned the Railways a whopping Rs 5,366.53 crore till March 2019. According to information obtained through RTI, earnings from cancellation charges jumped by a massive Rs 646.54 crore in 2018-19 compared to the previous year.
While the earnings for Indian railways from cancellation charges was Rs 1,205.96 crore in 2017-18, it shot up to Rs 1,852.50 crore in 2018-19. In the same manner, Southern Railway earned Rs 176.76 crore in 2017-18, which jumped to Rs 182.56 crore in 2018-19. Shockingly, ticket cancellation revenue of the neighbouring South Central Railway whose jurisdiction currently spreads over Telangana, Andhra Pradesh and parts of Maharashtra and Madhya Pradesh has jumped from Rs 127.22 crore to Rs 690.80 crore — 500 per cent increase. Read More