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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.

India News

New UP Congress chief Aradhana Mishra backs stronger alliance with SP 

Newly appointed UP Congress chief Aradhana Mishra said the party would strengthen its alliance with the Samajwadi Party ahead of the 2027 Assembly election.

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Newly appointed Uttar Pradesh Congress president Aradhana Mishra, also known as Mona, has said the party will take its alliance with the Samajwadi Party forward with full strength ahead of the 2027 Uttar Pradesh Assembly election.

Mishra, the daughter of Congress MP Pramod Tiwari, has been given the responsibility of leading the party’s state unit as Congress prepares for the assembly polls due in around six months, according to the report.

Speaking about Samajwadi Party chief Akhilesh Yadav, Mishra described the SP as a strong partner of the Congress in the INDIA bloc.

“The Samajwadi Party is a partner of ours in the INDIA bloc, and a strong one at that,” she said, while praising the way Akhilesh Yadav has strengthened his party.

Aradhana Mishra backs Congress-SP alliance

Mishra referred to the performance of the INDIA bloc in the 2024 Lok Sabha election in Uttar Pradesh while discussing the alliance’s prospects for the next assembly election.

The INDIA bloc won 43 of Uttar Pradesh’s 80 Lok Sabha seats in the 2024 election, according to the report.

Mishra said the alliance had stopped the BJP’s advance in Uttar Pradesh in the 2024 Lok Sabha election and expressed confidence that the partnership would produce results in the 2027 Assembly election.

“We will take this alliance forward with full strength,” she said.

The new state Congress chief will also have to advance seat-sharing discussions with the Samajwadi Party. The report said Congress wants a larger share of seats, while the SP has not indicated a willingness to give ground, arguing that it is in a stronger position in the state.

Congress announces new UP team

The leadership change is part of a wider organisational reshuffle by the Congress in Uttar Pradesh.

Along with appointing Mishra as state Congress president, the party named Rajya Sabha MP Imran Masood as working president. Chaudhary Virendra Singh was appointed Leader of the Congress Legislature Party.

Devinder Nishad and Alok Prasad were also appointed senior vice presidents of the Uttar Pradesh Congress Committee.

The new appointments bring different social groups into prominent positions in the state organisation. Mishra is a Brahmin, Masood is a Muslim and Rajendra Pal Gautam, the Congress’ AICC in-charge of Uttar Pradesh, is a Dalit, the report said.

Mishra, however, said the Congress does not practise caste or religion-based politics.

She said the party wanted to strengthen the country, protect the Constitution and build a strong alternative ahead of the 2027 election.

Mishra’s challenge ahead of 2027 polls

As the new Uttar Pradesh Congress chief, Mishra will be responsible for strengthening the party’s organisation in the state while also taking forward its alliance with the Samajwadi Party.

The Congress and SP are part of the INDIA bloc in Uttar Pradesh. With seat-sharing discussions ahead of the 2027 Assembly election, Mishra’s comments indicate that the Congress intends to continue working with the Samajwadi Party.

The appointment of Mishra comes alongside other organisational changes aimed at preparing the party for the upcoming assembly election.

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CJP announces October 10 Delhi protest against Gyanesh Kumar

CJP leader Abhijeet Dipke has announced a protest at Jantar Mantar on October 10, demanding the resignation of Chief Election Commissioner Gyanesh Kumar.

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Cockroach Janta Party (CJP) leader Abhijeet Dipke has announced a fresh protest at Delhi’s Jantar Mantar on October 10, saying the demonstration will be held if Chief Election Commissioner Gyanesh Kumar does not resign.

Dipke made the announcement after a CJP demonstration at Mumbai’s Shivaji Park. He called on people from across the country to join the proposed Delhi protest, describing it as a peaceful agitation.

Abhijeet Dipke’s October 10 protest call

In a post on X, Dipke said CJP supporters would march to Delhi and hold a protest at Jantar Mantar if Kumar did not step down. He also said that if Delhi Police stopped the protesters, the location where they were stopped would become their protest site.

The CJP leader had earlier warned of a larger agitation while addressing the gathering at Shivaji Park. He said that if the Chief Election Commissioner did not resign, the movement would expand to Delhi.

CJP’s allegations against the Election Commission

During the Mumbai protest, Dipke alleged irregularities in electoral rolls and questioned decisions concerning the election process. He claimed that 13 crore voters had been deleted over two years and alleged that voter deletions had affected electoral outcomes in several states.

These claims were made by Dipke while addressing the protesters and were not presented in the report as independently established facts.

He also alleged that voters were deleted from constituencies in Delhi, Tamil Nadu and West Bengal and linked these alleged deletions to election results.

The CJP leader further criticised the proposed simultaneous elections framework, alleging that the ruling BJP’s objective was “One Nation, One Election, One Party”.

CJP demands Gyanesh Kumar’s resignation

CJP leaders have been demanding the resignation of Chief Election Commissioner Gyanesh Kumar and have also called for criminal proceedings against him.

The group has criticised the Election Commission over the Special Intensive Revision of electoral rolls and has demanded changes to the law governing the appointment of Election Commissioners.

The Election Commission, however, has said that decisions of the three-member poll body, including those concerning the SIR exercise, were taken unanimously.

Protest at Mumbai’s Shivaji Park

The October 10 Delhi announcement followed a CJP demonstration at Mumbai’s Shivaji Park. The protest was held despite police denying permission for the event, according to the report.

Several groups and individuals participated in the demonstration. The Shiv Sena (UBT) had also extended support to the CJP’s agitation.

Dipke said the CJP would continue its campaign and called for the proposed October 10 demonstration in Delhi under the slogan “Chalo Delhi”.

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MK Stalin attacks Vijay government over hindi signboard in Tamil Nadu

MK Stalin criticised the Tamil Nadu government over Hindi lettering on a State Highway signboard and warned the Vijay-led administration against interfering with the state’s two-language policy.

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MK Stalin

The use of Hindi on a highway signboard in Tamil Nadu has triggered a political row, with DMK chief MK Stalin criticising the Vijay-led Tamilaga Vettri Kazhagam (TVK) government over the issue.

The controversy centres on a State Highway signboard that displayed place names in Tamil, English and Hindi. The board was installed on the Alwarthirunagari-Valliyoor State Highway 93 route through Sathankulam in Thoothukudi district.

Stalin objected to the inclusion of Hindi, saying Tamil Nadu has long opposed what he described as attempts to impose Hindi and warning the state government against altering its established two-language policy.

He questioned whether the use of Hindi on the signboard represented the kind of change promised by the TVK government. Stalin also urged the administration not to interfere with Tamil Nadu’s language policy.

Hindi removed from signboard

Following the controversy, the Hindi lettering was removed from the signboard. The state government also suspended two officials from the Highways Department over the matter and initiated departmental action against them.

According to officials, the Assistant Divisional Engineer and Assistant Engineer associated with the project had failed to inform higher authorities about the inclusion of Hindi on the board.

The Tamil Nadu government has said that the use of Hindi on the State Highways Department signboard was against the state’s two-language policy and warned that strict action would be taken against officials violating the policy.

Stalin targets Vijay government

Stalin also stepped up his criticism of the TVK administration, describing it as a “Reels government” and alleging that it was responding to social media trends involving influencers from northern states.

His comments came amid a wider political debate in Tamil Nadu over the state’s established Tamil-English two-language policy and the use of Hindi in government-related signage.

The latest controversy has therefore brought the language policy issue back into focus, with the DMK questioning the TVK government’s handling of the Hindi signboard and the state administration taking action against the officials concerned.

MK Stalin has criticised the Vijay-led Tamil Nadu government over Hindi appearing on a State Highway signboard. The Hindi lettering was later removed, while two Highways Department officials were suspended and departmental action was initiated.

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