The Ministry of Railways on Tuesday revised its fare structure for premier trains including the Rajdhani, Duronto and Shatabdi to include a 10% discount and fewer tatkal seats, NDTV reported. The discount is applicable on the basic fare for vacant berths available after the reservation charts have been made. The development is effective from December 20 on a trial basis for six months. The initiative aims to increase revenues by tapping into the last-minute bookings market, observers told the news channel.
In September, Indian railways incorporated a surge pricing system for the Rajdhani, Shatabdi and Duronto trains, where fares fluctuate between 10% and 50% higher than the base price on cues from ticket demands. An unidentified official said the model was reviewed after three months to incorporate a few changes.
A statement issued by Indian Railways said there were 5,871 vacant berths in Rajdhani, Shatabdi and Duronto trains between September 9 to October 31. The tatkal quota, for Rajdhani, Duronto and Shatabdi trains, has been limited to 10% of the total class-wise accommodation. This will be revised after a fortnight and is subject to an increase.
The Ministry of Railways also announced that it will transition from cash to accrual-based accounting.
When house hunting is as easy as shopping for groceries
The supermarket experience comes to a sector where you least expected it.
The woes of a house hunter in India are many. The dreary process starts with circling classifieds in newspapers and collecting shiny brochures. You flip through the proposed and ready designs that launch a hundred daydreams on the spot. So far so good. But, every house hunter would attest to the soul-crushing experience of checking out a disappointing property.
The kitchen of a 2BHK is carved from the corner of the hall, the 3BHK is a converted 2BHK, the building looks much older than in the pictures…. after months of reading the fine line, and between the lines, you feel like all the diagrams and highlights seem to blur into each other.
After much mental stress, if you do manage to zero in on a decent property, there’s a whole new world of knowledge to be navigated - home loans to be sifted through, taxes to be sorted and a finance degree to be earned for understanding it all.
Do you wish a real estate platform would address all your woes? Like a supermarket, where your every need (and want) is catered to? Imagine all your property choices nicely lined up and arranged with neat labels and offers. Imagine being able to compare all your choices side by side. Imagine viewing verfied listings and knowing what you see is what you get. Imagine having other buyers and experts guiding you along every step while you make one of the most important investments in your life. Imagine...
MagicBricks has made every Indian house hunters’ daydream of a simplified real estate supermarket a reality. Now you have more than a pile of brochures at your disposal as the online real estate marketplace brings you lakhs of choices to your fingertips. Instead of bookmarking pages, you can narrow down your choices by area, budget, house type etc. Just so you aren’t hit by FOMO, you can always add a suburb you’ve been eyeing or an extra bedroom to your filter. But there’s more to a house than just floor space. On MagicBricks, you can check for good schools in the vicinity, a park for evening walks or at least an assured easier commute. Save time and energy by vetting properties based on the specs, pictures and floor plans uploaded and have all your niggling concerns addressed on the users’ forum.
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This article was produced by the Scroll marketing team on behalf of MagicBricks and not by the Scroll editorial team.