Web2 nov. 2024 · IRCTC is the only entity that is authorised by the Indian Railways to offer railway tickets online, run catering services, and sell bottled water across all railway stations and trains in India. So, it’s what you’d call a monopoly. And if there’s one thing investors love more than life itself — it’s a monopoly. WebThis article is based on “Railway privatisation: India must hasten slowly” that was published on 16/10/2024 in The Hindu Business Line. It talks about the privatisation of Indian railways. After privatisation of the Tejas Express (to be run by the IRCTC), the government is currently in the process of forming a task force to draw a blueprint for handing over …
History of Indian Railways – Rail Transport in India
WebWords 2168. Pages 9. Indian Railways – A monopoly. Abstract. In economics, monopoly (from Greek monos (alone or single) + polein (to sell)) exists when delivery of a particular product or service is completely controlled by an individual or an enterprise. This is in contrast to monopsony where there is only one buyer of a particular product ... WebWhat are the types of price discrimination that Indian railway practice? Introduction In economics, monopoly in its pursuit form is the case of a single seller. The market demand for its product is the only constraint on the firm’s pricing policies. Barriers to entry prevent new firms from coming in to industry. bored smashing macbook
Ambedkar Jayanti 2024: Inspiring quotes by Father of Indian ...
WebI would like to express my gratitude to Dr. Srinivas Sriramdas for having given us the opportunity to study the Monopoly structure in the Indian Market with Indian Railways as the classic case of example. I would also like to acknowledge the crucial role of my team members who have supported and guided me in the tenure of this report. I have had the … WebDue to the fact that monopolies make lot of profits, it can be used for research and development and to maintain their status as a monopoly. Monopolies may use price discrimination which benefits the economically weaker sections of the society. For example, Indian railways provide discounts to students travelling through its network. WebFigure 1: Railways has been losing traffic share. Railways’ freight rates are already higher than other modes of transport for several commodities. Consequently, it has been losing out on the FMCG and automobile markets (which are preferring roads). The share of Railways in total freight traffic has declined from 89% in 1950-51 to 30% in 2011-12. havana restaurant in new jersey