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Railways to withdraw decision on IRCTC convenience fee, stock recovers

The Ministry of Railways on Friday said that it has decided to withdraw the decision on IRCTC convenience fee. This comes a day after IRCTC said that it has been asked to share 50% of its revenue earned as convenience fee from bookings on its website.

“Ministry of Railways has decided to withdraw the decision on IRCTC convenience fee,” DIPAM Secretary announced in a tweet.

IRCTC shares rebounded, even if trading in the negative territory, as the stock was down 4%a after the news. The stock had declined 25% in Friday’s early deals.

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