Railways to extend sops for digital transactions till June 30

Govt had waived off service charge on Nov 23 as an effort to encourage cashless transactions

Adding to the woes of Indian Railway Catering and Tourism Corporation (IRCTC), the government on Friday decided to extend the service charge waiver on railway tickets and other incentives for digital transactions for two more months. The decision will have implications on the plan to list IRCTC as an annual waiver will lead to a loss of Rs 500 crore to the company’s revenue.

The government had waived off the service charge on November 23 last year as an effort to encourage cashless transactions post demonetisation. Free insurance scheme was also implemented on December 9. The railways ministry had written