Indian railway ministry reverses decision to seek convenience fee share from catering arm

Porters transport goods on a hand-pulled trolley to load onto a train at a railway station in Kolkata

BENGALURU (Reuters) - India's railway ministry withdrew its decision on Friday to ask its catering and tourism arm, the Indian Railways Catering and Tourism Corporation, to share half of all the convenience fee revenue it earns.

Shares of IRCTC, which plunged as much as 30% earlier, pared some losses and were last down 5.2%.

(Reporting by Vishwadha Chander in Bengaluru; Editing by Rashmi Aich)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting