Railway Ministry's U-turn due to earthquake in IRCTC shares! Now I don't want a share in earning from train ticket
Ministry of Railways U-turn on IRCTC: Ministry of Railways had told IRCTC that 50% of the convenience fee received from ticket sales will have to be paid by the Ministry of Railways. Due to this decision of the Railways, the shares of IRCTC were shaken on Friday and they were broken up to 29 percent.
Sunil Shukla 
Ministry of Railways U-turn on IRCTC: Ministry of Railways has withdrawn its decision to take 50 percent of the convenience fee of IRCTC. Earlier, the Railway Ministry had told IRCTC that 50% of the convenience fee received from ticket sales would have to be paid by the Railway Ministry. Due to this decision of the Railways, the shares of IRCTC were shaken on Friday and they were broken up to 29 percent.
The Secretary, Department of Investment and Public Asset Management (DIPAM) tweeted on Friday saying, 'The Ministry of Railways has withdrawn its decision on IRCTC convenience fee.'
Ministry of Railways has decided to withdraw the decision on IRCTC convenience fee
It is worth noting that the stock market took this decision of the government in a very negative way. There was widespread criticism of this decision. There was a flood of memes related to this on social media.
What did the Railway Ministry say?
In fact, the Railway Ministry had told IRCTC that 50% of the convenience fee received from ticket sales will have to be paid by the Railways (Ministry of Railways). With this decision, the ticketing margin was estimated to come down from 85% to 48%. Due to this, there was a huge fall in the share of IRCTC today. Its stock fell 29 percent to RS 650.10 in early trade on Friday.
It is noteworthy that online booking of railway tickets is done only by the Indian Railways Catering and Tourism Corporation (IRCTC). It also provides food and drink in trains.
IRCTC had told BSE on Thursday that it will now share the convenience fee received from booking tickets from its platform with the government in the ratio of 50:50. This decision was to come into effect from November 1.
how much is earning
In the year 2019-20, IRCTC earned Rs 352 crore from convenience fees. This year i.e. in 2020-21 till August, IRCTC has got Rs 299 crore from it.
