Panel to review flexi-fare system

The railway board has initiated a process of reviewing the flexi-fare system in premium trains by comparing the prices with that of other modes of transport in the same sectors  

The board has formed a six-member committee to review the system and submit a report in 30 days.  

The committee comprising railway board officials along with Ravinder Goyal, Adviser, Niti Ayog, Meenakshi Malik, Executive Director, Revenue Management, Air India, S Sriram, professor of transport economics and Iti Mani, Director, Revenue, Le Meridien, Delhi.

"The broad terms and reference of the committee shall be to examine all options and recommend the best option keeping in mind passengers and the Railways interest,"  a letter stated.

The flexi-fare system, launched in September 2016, led to up to 50%   increase in fares. Under the formula, base fares increase from 10% to 50%, with every 10% of berths booked.