In a curious policy flip-flop, the Ministry of Railways on Friday reversed a decision taken less than 24 hours earlier, in which it had asked Indian Railway Catering and Tourism Corporation (IRCTC) to share with it half the revenues collected as convenience fee from users.
IRCTC, a government-controlled company that provides ticketing, catering, and tourism services, had informed the stock exchanges after market hours on Thursday that the ministry had written to it, asking to share the revenues from convenience fee in a 50-50 ratio.
“Government departments need to be mindful of the interest of minority shareholders, more so since we have a huge privatisation pipeline lined up,
