NEW DELHI: The government has placed on hang disinvestment of Indian Railway Catering and Tourism Corporation (IRCTC) because it desires to faucet the massive pile of data. The ministry is working out a revamp plan before selling shares in some of the greatest e-commerce websites to realise a better value.
Railway minister Piyush Goyal mentioned the federal government will pass forward with the planned sale of shares in RITES and IRCON, while the proposed disinvestment in IRCTC and IRFC are on hang. In case of IRFC, the railway ministry is waiting for clarity at the remedy of minimum trade tax (MAT) get advantages, the minister mentioned.
“There is huge knowledge with the company and that isn't getting captured within the valuation. We are looking to see how we will be able to utilise that,” Goyal told a news convention.
In case of all railway PSUs, the plan is to to start with sell Five-10 in step with cent each and every via an preliminary public be offering. Gradually, the federal government must pare its stake to 25 in step with cent, in step with Sebi laws.
This is a rare instance of the federal government tapping the knowledge possible of an organization, one thing that the private sector is harnessing to push its business. “We are seeing how the knowledge can be used to provide products and services before, all over and after the trip,” an respectable told TOI.
IRCTC, which runs some of the greatest e-commerce websites, has around three crore registered customers and the target is to faucet each and every of the seven lakh tickets which can be issued daily.
Sources mentioned Railways is taking a look into a report ready through an unbiased company that has steered a plan to redesign the products and services introduced through IRCTC, one thing that trip portals akin to MakeMyTrip, Yatra and TripAdvisor are effectively harnessing. If the plan goes via, the Railways plans to do exactly that. “Based on a passenger’s booking historical past, she can get a message providing an Ola or Uber cab on attaining New Delhi railway station. We too can be offering meals choices or a booking for National Museum or Rail Museum throughout the website,” explained an officer.
Services akin to booking for meals, trip insurance, cab products and services and even air tickets are already being introduced through IRCTC. Already, some knowledge crunching has begun where passengers are getting a chance of wait-listed and RAC (reservation against cancellation) ticket getting confirmed, which can lend a hand plan the journey higher.
Railway minister Piyush Goyal mentioned the federal government will pass forward with the planned sale of shares in RITES and IRCON, while the proposed disinvestment in IRCTC and IRFC are on hang. In case of IRFC, the railway ministry is waiting for clarity at the remedy of minimum trade tax (MAT) get advantages, the minister mentioned.
“There is huge knowledge with the company and that isn't getting captured within the valuation. We are looking to see how we will be able to utilise that,” Goyal told a news convention.
In case of all railway PSUs, the plan is to to start with sell Five-10 in step with cent each and every via an preliminary public be offering. Gradually, the federal government must pare its stake to 25 in step with cent, in step with Sebi laws.
This is a rare instance of the federal government tapping the knowledge possible of an organization, one thing that the private sector is harnessing to push its business. “We are seeing how the knowledge can be used to provide products and services before, all over and after the trip,” an respectable told TOI.
IRCTC, which runs some of the greatest e-commerce websites, has around three crore registered customers and the target is to faucet each and every of the seven lakh tickets which can be issued daily.
Sources mentioned Railways is taking a look into a report ready through an unbiased company that has steered a plan to redesign the products and services introduced through IRCTC, one thing that trip portals akin to MakeMyTrip, Yatra and TripAdvisor are effectively harnessing. If the plan goes via, the Railways plans to do exactly that. “Based on a passenger’s booking historical past, she can get a message providing an Ola or Uber cab on attaining New Delhi railway station. We too can be offering meals choices or a booking for National Museum or Rail Museum throughout the website,” explained an officer.
Services akin to booking for meals, trip insurance, cab products and services and even air tickets are already being introduced through IRCTC. Already, some knowledge crunching has begun where passengers are getting a chance of wait-listed and RAC (reservation against cancellation) ticket getting confirmed, which can lend a hand plan the journey higher.
Govt wants to tap IRCTC’s 'data potential', stalls divestment
![Govt wants to tap IRCTC’s 'data potential', stalls divestment]()
Reviewed by Kailash
on
June 12, 2018
Rating:
