Railways Ministry may introduce dynamic pricing system

Posted on:04 Feb 2018 09:00:01
Railways Ministry may introduce dynamic pricing system
04 February 2018 Current Affairs: The Railways Ministry the current flex-fare system and is considering introducing a dynamic pricing system for train tickets, Railway Minister Piyush Goyal has said. Under dynamic pricing system, fares will be decided as per the season and demand.

The Fares will be automatically adjusted via artificial intelligence, algorithms or technology, to help trains have more occupancy.
The Railways Ministry the current flex-fare system and is considering introducing a dynamic pricing system for train tickets, Railway Minister Piyush Goyal has said. Under dynamic pricing system, fares will be decided as per the season and demand.

The Fares will be automatically adjusted via artificial intelligence, algorithms or technology, to help trains have more occupancy.

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