{"id":447326,"date":"2021-11-05T09:25:39","date_gmt":"2021-11-05T03:55:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447326"},"modified":"2021-11-05T10:05:39","modified_gmt":"2021-11-05T04:35:39","slug":"what-govt-u-turn-on-irctc-means-for-minority-shareholders-in-other-psus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/what-govt-u-turn-on-irctc-means-for-minority-shareholders-in-other-psus\/","title":{"rendered":"What govt U-Turn on IRCTC means for minority shareholders in other PSUs"},"content":{"rendered":"<p>Indian Railway Catering and Tourism Corporation, or IRCTC, charges a convenience fee of Rs 15+GST for bookings in non-AC coaches and 30+GST for reservations in AC ones when someone books the ticket online. On Thursday evening last week, the government announced it would take 50% of the total convenience fees collected. The next morning, the shares of IRCTC nosedived, falling as much as 30% in its steepest intraday decline since 2018 listing. <\/p>\n<p>The shares recouped most of their losses and ended 7.5% lower after the government reversed its decision. This, in a way, signalled that the government would keep the interest of minority shareholders in mind while taking policy decisions with respect to listed PSUs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Railway Catering and Tourism Corporation, or IRCTC, charges a convenience fee of Rs 15+GST for bookings in non-AC coaches and 30+GST for reservations in AC ones when someone books the ticket online. On Thursday evening last week, the government announced it would take 50% of the total convenience fees collected. The next morning, the shares of IRCTC nosedived, falling as much as 30% in its steepest intraday decline since 2018 listing. The shares recouped most of their losses and ended 7.5% lower after the government reversed its decision. This, in a way, signalled that the government would keep the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-447326","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=447326"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447326\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}