Indian railway ministry reverses decision to seek convenience fee share from catering arm

Indian Railway Catering and Tourism

29/10/2021 06:54

BENGALURU, Oct 29 (Reuters) - India's railway ministry
withdrew its decision on Friday to ask its catering and tourism
arm, the Indian Railways Catering and Tourism Corporation
 INIR.NS , to share half of all the convenience fee revenue it
earns.
    Shares of IRCTC, which plunged as much as 30% earlier, pared
some losses and were last down 5.2%. 

 (Reporting by Vishwadha Chander in Bengaluru; Editing by Rashmi
Aich)
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