They are too short sighted to see the side effects of surge pricing. Today they are happy that the total revenue with surge fare is marginally higher than the earlier collection. So they consider surge pricing as success.
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IR fail to realise that it are loosing their market share as it is historically a habitual loser and is continuously loosing pax business (from 75% to 15%) & freight business (from 90% to 25%) to roadways & airlines since independence. Politicians are happy extracting electoral gains out of IR and Employees happy enjoying...
more... multiple benefits of hand some salary+job security+pension+tension free working in monopolistic regime without facing the heat of competition in railways sector. Result is an organisation struggling with inefficiency and corruption. Passengers, Users & nation economy are the worst sufferers.
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Very soon IR is likely to announce extension of flexi fares to SF trains too. Again they fail to realise that with this policy IR is giving a great opportunity to luxury bus operators & economy airliners to ramp up their operation and poach upon ACC/ACIII & EC/ACII/ACI paxs of IR respectively. In future, a huge chunk of profit making freight shall be moving on DFCs and profit giving ac class paxs shall move to Luxury buses/pvt vehicles/ airlines and IR shall be saddled with more and more subsidy seeking non ac class paxs.