NEW DELHI: Now senior citizens will have the option to avail either the full concession provided to them on rail tickets or half of it.
The Railways is exploring ways to reduce the Rs 1,300 crore subsidy burden in the senior citizen category.
The new system will be operationalised shortly after upgrading the ticketing software.
The Railways bears 43 per cent of the cost of train fare even as the state-run transporter incurs a loss of about Rs 30,000 crore a year in subsidising passenger fares out of which Rs 1,600 crore is for concessional fares. (AGENCIES)
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