NEW DELHI : Indian Railways will forgo around ₹1,490 crore in revenue as it is refunding the amount towards cancellation of a whopping 94 lakh ticket bookings made by passengers prior to the imposition of the nationwide lockdown to prevent the spread of coronavirus.
Top Railways officials told PTI that an amount of ₹830 crore will be refunded for 55 lakh bookings made for travel between March 22 and April 14.
The Railways had largely suspended its passenger train services on March 22, three days before the 21-day lockdown came into force.
Another amount of ₹660 crore will be returned for around 39 lakh bookings made for travel between April 15 and May 3, they said.