Railway Minister announces Non Fare Revenue Policy to boost Additional Revenue
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Posted on:11 Jan 2017 09:09:54
11 January 2017 Current Affairs: Union Minister for Railways Suresh Prabhu on January 10, 2017 launched a Non Fare Revenue Policy to boost up additional revenue and reduce its dependence on traditional revenue system such as passenger and freight traffic.
Under the policy Railway has decided to sell outdoor spaces at railway stations to media agencies for installing advertising hoardings and billboards, provide radio and video content through wifi on stations and trains, lease out spaces at platforms to set up over 2000 ATMs and sell branding of rights of trains and stations to FMCG and other companies.
The railway expects that the policy would boost the railway non-fare revenues within a year by nearly six times from Rs. 300 crore to nearly Rs. 18000 crore.
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