Question: with which of the following sector Flexi fare system is related?
(a) Banking
(b) Railway
(c) Aviation
(d) Manufacturing
Answer: (b)
Related facts:
- Indian Railways has scrapped flexi-fare in 15 premium trains in which the occupancy is less than 50 percent throughout the year.
- The scheme will be discontinued in 32 other trains during lean periods (February, March and August) with average monthly occupancy between 50-75% throughout the previous year
- This step came in the wake of a report of comptroller and auditor general (CAG)
- The railway has also reduced flexi-fares from 1.5 to 1.4 times the base ticket fare in 101 trains.
- To increase the occupancy of less patronized classes (2A, 3A, CC etc.), Graded discount of 20% and 10% in the train fare will be given according to the preset rules.
By Ramayan Upadhyay
Links:
https://timesofindia.indiatimes.com/india/railways-scraps-flexi-fare-from-15-trains-discontinues-it-in-32-trains-during-lean-periods/articleshow/66449612.cms
http://pib.nic.in/newsite/PrintRelease.aspx?relid=184518