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IRCTC to share 50% convenience fee from ticketing revenue with Railway Ministry

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The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday announced that the company will now share half of its revenues earned from convenience fees with the Railway Ministry.

The IRCTC charges a convenience fee on every online booking. This is one of the key revenue for the company, fetching around Rs 620 crore for the Fiscal Year 2020.

Among other details, the IRCTC in today’s regulatory, has informed that the revenue-sharing arrangement would be enforced from November 1.

The Ministry of Railways is scheduled to announce its quarterly results for the second quarter on November 1. In the previous quarter, it had reported a 23% decline in net profit on a year-over-year basis at Rs 103.8 crore. Additionally, revenue had short fallen 41.2% on a year-over-year basis at Rs 338.8 crore.

This was because of the travel ban across the country during lockdowns and Covid second wave. However, the Railway ticketing business grew 9.5% on a year-over-year basis to Rs 212 crore in the March-end quarter.

The IRCTC is the only entity authorised by the Indian Railways to provide catering services, online tickets and packaged drinking water at railway stations and inside trains.

The IRCTC share rallied to a high of around Rs 6,400 on October 19 and then collapsed to below Rs 4,000 over the next couple of trading sessions that led the rumours of the appointment of a regulator for the railways.

With the closing price of Rs 923 after the 5:1 stock split, the stock is still down roughly 30% from its record high on Thursday.

As of 12:16 pm today, the IRCTC shares traded 17% higher at Rs 966, outperforming the Sensex which was down to 15. The company shares were trading up 15% at Rs 938.80 at 11.06 am. At 10.16 am, IRCTC was quoting at Rs 920.00, up to Rs 94.20, or 11.41 percent, on the BSE.

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Gunshots fired outside Salman Khan’s Galaxy Apartment in Bandra, Mumbai Police investigates

A firing incident took place outside Salman Khan’s home in Bandra today, and investigation is currently underway.

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Early in the morning, gunshots were heard outside Salman Khan’s Bandra house. An unidentified person fired a gun into the air while riding a bike about five in the morning. Police are currently looking into the matter and conducting searches.

It has been reported that two men fired bullets outside Salman’s Galaxy Aparetment at around 5:00 am. A gunshot fire was found close to the air conditioner mounted on the wall beside it. An investigation has been launched by Mumbai Police to identify the gunman. The forensic team and the crime branch also arrived at the location.

However, there are currently no reports of injuries. The security around Salman Khan’s home has been inxcreased, according to the police. On the other side, the Bandra Police Station has received an official complaint (FIR) against unidentified attackers. DCP has also arrived at the location. Images of the two suspects who opened fire at Salman’s house on the bike appeared. In the images, the two accussed can be seen wearing helmets to prevent identification. Salman’s home has CCTV installed, and the image was taken using it.

This is not the first time that Salman Khan has been attacked or threatened. Several people have threatened to kill him. Gangster Lawrence Bishnoi had planned ahead of time to use his goons to attack the Bollywood actor. The man who was given the idea to kill Salman Khan is none other than Naresh Shetty, the mentor of mobster Kala Jathedi and the most important person in Bishnoi’s gang.

In addition, mobster Sampat Nehra had set up camp in Mumbai for a few days in order to attack Salman Khan. Not only that, but after escaping, infamous mobster Kala Jathedi also made Mumbai his home. At one point or another, all of these mob figures resided in Mumbai’s Vaasi area.

Meanwhile, on the occasion of Eid, Salman Khan frequently waves to his followers from the balcony of his first-floor Galaxy Apartment.

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Lok Sabha elections 2024: BJP releases manifesto Sankalp Patra in presence of PM Modi, focuses on women, poor and youth

The BJP released its manifesto or Sankalp Patra, with tagline Modi ki Guarantee, for the Lok Sabha election 2024

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At the party headquarters in New Delhi on Sunday, April 14, the Bharatiya Janata Party unveiled their manifesto, or Sankalp Patra, for the Lok Sabha election of 2024, with the slogan Modi ki Guarantee. The manifesto was presented in the presence of Prime Minister Narendra Modi, party president JP Nadda, and other senior leaders.

The day marks on the anniversary of the birth of BR Ambedkar, a notable Dalit leader who drafted the Indian Constitution. A 27-member committee to draft the party’s manifesto, led by Defence Minister Rajnath Singh, was constituted by the BJP and convened twice to discuss its contents. Ahead of this, the party conducted several campaigns on social media and sent out vans across the nation to get recommendations from the public.

The four pillars of Viksit Bharat—women power, youth power, farmers, and the poor—are the core of the manifesto, according to the prime minister. The PM said that the manifesto emphasizes both the quantity and quality of opportunities, as well as the dignity of life and quality of life.

According to the PM, the government will prioritize installing piped gas in every home and provide free solar-powered electricity.

A five-year extension of the Centre’s free ration system was promised in the manifesto. To stabilize prices and safeguard the plates of the impoverished, the government said it will concentrate on achieving self-sufficiency in the production of vegetables, edible oils, and pulses. It stated that every home will have access to drinking water and that the Ayushman Bharat scheme and the PMAwas Yojana would be increased.

As per the BJP manifesto, farmers would still receive Rs 6,000 in annual support, and the crop insurance program will be strengthened with the use of technology. According to the manifesto, the government will keep raising the minimum support price for crops on a regular basis, establish new clusters for the production of necessities, and construct more storage facilities.

JP Nadda, speaking to the media, outlined the accomplishments of the BJP government during its ten years in office. He restated that the central campaign slogan of the BJP, Modi ki guarantee, is a guarantee that all guarantees will be fulfilled.

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Rameshwaram Cafe blast: Karnataka Home Minister reveals how police inputs helped NIA arrest accused

The blast at the cafe occurred during lunch hour on March 1 at around 1 pm, which left 10 people injured

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Karnataka Home Minister G Parameshwara said on Saturday that inquiry teams were attempting to determine whether the two suspects in the Rameshwaram cafe blast who were detained by the NIA had any connections to other terrorist groups. He also praised the state police for their contributions, some of which resulted in their arrest. Meanwhile, the suspects have been placed in 10-day police custody on remand.

The Karnataka police and the NIA have both performed incredibly well. In the beginning, they obtained all of the CCTV footage and monitored one of the accused, which helped in their arrest, he said.

The minister disclosed how the NIA was able to arrest the accused, which was possible because of a tip from the police.

He said the police shared very good inputs with the NIA, like the cap the accused was wearing, which was purchased from Chennai, and the telephone number he had given in the shop.

According to G Parameshwara, the services were also looking for connections between them and other crimes related to terrorism. He said that they might be attempting to flee from West Bengal to Bangladesh, where they were apprehended by the NIA.

He said the team is investigating the real motive behind the blast and their involvement with other terror outfits (ISIS), as these two (accused) are supposed to be involved in the earlier Shivamogga blast and kept running for three to four days ahead of getting arrested in this case, Parameshwara stated.

Since they were apprehended in West Bengal, a state that shares a border with Bangladesh, it’s possible that they wanted to leave the country. However, currently, they don’t have any precise information on this. He continued, They will discover in due course if there is someone assisting from that side (Bangladesh).

Meanwhile, the blast at the cafe occurred during lunch hour on March 1 at around 1 pm, which left 10 people injured. On March 3, the NIA took over the case from the police and announced a reward of Rs 10 lakh for any information regarding the two accused.

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