Indian Railways to introduce option for passengers to change travel dates on confirmed tickets
New Delhi: In a significant shift aimed at enhancing passenger convenience, Indian Railways is working on a proposal to allow passengers to modify their travel dates even after they have obtained a confirmed ticket.
“Starting January, passengers can change the travel date of their confirmed train tickets online without any fee,” NDTV quoted Union Minister Ashwini Vaishnaw as saying.
At present, passengers who wish to change their travel date are required to cancel their existing ticket and purchase a new one, which often results in fare deductions depending on the timing of the cancellation. The process is not only expensive but also inconvenient.
Calling the existing system “unfair,” Vaishnaw emphasised the need for more flexible options. He confirmed that instructions have been issued to implement the new, passenger-friendly changes.
Under the current cancellation rules, passengers are charged a percentage of the fare based on the timing of the cancellation. For example, cancelling a confirmed ticket between 48 and 12 hours before departure results in a 25% deduction. The fee increases for cancellations made closer to the departure time.
Once the reservation chart is prepared, refunds for cancellations are generally not granted.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
