Railway Panel Mulling Increased Fare For Lower Berths, Festive Travel

Railway passengers could be paying extra for seats of their choice. NEW DELHI: Railway passengers could be shelling out more for choosing lower berths and travels during festive seasons, if the recommendations of a fare review committee are approved by the Railway Board. The panel constituted to review the flexi-fare system in premium trains has recommended that the transport behemoth adopt the dynamic pricing model followed by airlines and hotels, sources said. Like flyers pay more for front-row seats, railway passengers too could be paying extra for seats of their…

Read More

Energy shares drag FTSE lower after Doha deal disintegrates

Britain’s top share index came under pressure on Monday after major oil producers failed to reach an agreement to freeze output over the weekend, sending shares in energy stocks lower. Oil & gas companies were the top sectoral fallers after a deal to freeze oil output by OPEC and non-OPEC producers broke down on Sunday, sending oil prices tumbling. OPEC’s de facto leader Saudi Arabia demanded that Iran, which was absent from the talks, join the global deal despite calls on Riyadh to save the agreement and help prop up…

Read More