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Railways to increase revenue through non-fare sources

Budget - Dated:- 25-2-2016 - The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that Indian Railways will increase the revenue through non-fare sources. While introducing the Railway Budget for 2016-17 in Parliament today, the Railway Minister said that the current revenue through non-fare sources is less than 5% and it will be increased to world average of 10% by next five years. The Railway Minister said that following initiatives will be taken to attain this: 1. Station redevelop .....

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will also be exploited. 3. Monetizing soft assets: Railways to monetize the data collected on passenger preferences, ticketing, commodity, train running on various services and operations. IRCTC also offers opportunities of taking of e-commerce activities on large number of hits that it receives. 4. Advertising: Railways to use its vast physical infrastructure for commercial exploitation through advertisement. Special focus will be given to exploit extra potential of stations, trains and land a .....

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