Railways withdraws decision on IRCTC convenience fee, stock recovers
The Ministry of Railroads on Friday said that it has decided to withdraw the decision on Indian Railway Catering and Tourism Corporation (IRCTC) convenience figure. This comes a day after IRCTC said that it has been asked to partake 50 of its profit earned as convenience figure from bookings on its website Ministry of Railroads has decided to withdraw the decision on IRCTC convenience figure,"DIPAM Secretary blazoned in a tweet. The online marking arm of Indian Railroads on Thursday informed the exchanges that it was asked to partake 50 of its profit earned as convenience figure from bookings on its website with the public transporter, an arrangement that had been discontinued since the epidemic.
Convenience freights charged from guests generated a sizable profit for both IRCTC and the Rai...