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Peak time rail fares scrapped on ScotRail trains

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Peak time rail fares scrapped on ScotRail trains


Debbie JacksonBBC Scotland News

Getty Images A close-up image of a train ticket from Edinburgh to Glasgow Central, held in someone's hand. The ticket is orange and white.Getty Images

From 1 September, there will be no more peak fares on ScotRail trains

Peak rail fares have been scrapped on ScotRail trains, meaning passengers will no longer pay higher prices for travelling on busy weekday trains.

Until now, many ScotRail tickets were based on the time of travel. Edinburgh to Glasgow peak times will be almost 50% cheaper, with trips between Perth and Dundee a third lower.

The Scottish government-owned operator said its aim was to get more commuters out of cars and onto trains.

Season tickets and fares on routes with peak time prices are unchanged. Multi-journey flexipass tickets have been adjusted with smaller savings.

Peak ScotRail fares used to cover tickets bought for travel before 09:15 on weekdays and certain services between 16:42 and 18:30.

A pilot scheme scrapping peak-time fares, a policy championed by the Scottish Greens, was introduced in 2023 but ended in September 2024 after ministers said the costs of the subsidy could not be justified.

However, in his programme for government speech in May, First Minister John Swinney announced that peak fares would again be scrapped.

Speaking at the launch of the scheme in Edinburgh on Monday, he said it would help people to move “from their cars onto trains”, which would provide environmental benefits.

He added: “This is financially sustainable because it’s an investment in the rail network and it’s an investment in the people of Scotland.

“People in Scotland simply travelling from Edinburgh to Glasgow on a daily basis will see their travel costs fall by almost 50%. That’s a massive saving when people are struggling financially.”

ScotRail ticketing will also be more straightforward and flexible under the new system, the firm has said.

How is scrapping peak fares being paid for?

A digital billboard at Queen Street Station in Glasgow  says "Peak fares. Gone for good."

ScotRail has launched a marketing campaign to promote the cheaper fares

ScotRail has been owned and run by the Scottish government since 2022.

In October 2023 the rail firm started a year-long trial of scrapping peak fares with the aim of persuading more people to swap car journeys for rail travel.

Last year, Scottish ministers announced the trial had “limited success” and would not be extended.

An evaluation of the first nine months of the trial found passenger levels increased by a maximum of about 6.8%.

This represented around four million extra rail journeys, of which two million are journeys that would previously have been made by private car.

However, the scheme required a 10% rise to be self-financing.

Scotland’s Transport Secretary Fiona Hyslop also said at the time that the pilot “primarily benefited existing train passengers and those with medium to higher incomes”.

The evaluation found the estimated cost of the scheme was “in the annual range of £25m to £30m per annum (in 2024 prices) with the possibility of being as large as £40m”.

Swinney said he expected the annual cost to be between £40m to £45m each year and lead to a “huge saving” for individuals.

If the new scheme does not become self-financing through an increase in passenger numbers, the costs will be met from the ScotRail budget.

This is made up of revenue from passenger fares and the £1.6bn the Scottish government puts into rail services every year.

Getty Images A ScotRail train arrives at Waverly station in Edinburgh in the sunshine, the castle in the background. People are making their way off the train and up the platform.Getty Images

ScotRail ticketing will be more simple and flexible under the new system

Joanne Maguire, managing director at ScotRail told BBC Scotland News: “We are really excited at the opportunity to get more customers out of their cars and onto the railway.

“If you are travelling from Edinburgh to Glasgow you will see a saving of about 50%.

“From Inverkeithing to Edinburgh, you will save 40% and between Inverness and Elgin it is 35% – so it’s great news for our passengers.”

Ms Maguire said the trial period had seen an increase in passenger numbers and that ScotRail had enjoyed a successful summer of moving customers around to numerous big leisure events.

She added that the goal now was to grow the commuter passenger base.

Tommy Whitelaw, who has a bald head and is wearing glasses, is seen from the mid-chest up. He appears to be middle-aged, has a friendly expression and is smiling. He is wearing a dark olive green or greyish-green jacket or windbreaker with a zipper and a hood.  In the background is a train station with large windows with reflective glass showing a city street scene beyond, including a light-coloured building with arched windows.

Passenger Tommy Whitelaw said the end of peak fares made a huge difference

‘Deeply unfair tax’

Several passengers at Glasgow’s Queen Street station told BBC Scotland News they were unaware that peak time fares had been dropped – but welcomed the move.

Student Robbie McCormack said: “I commute every day for college and it’s quite expensive.

“I’ll be able to save throughout the week, save more college money and get something else for lunch.”

Passenger Tommy Whitelaw travels across Scotland giving talks to charities and care homes.

He said the end of peak fares removed the limits on when many people could travel.

He added: “It makes a difference to everybody, its our duty to make everything achievable for people.

“The cost of living shrinks our world, this is one way to open it up a wee bit.”

Susan Watts, from Leeds, told BBC Your Voice that peak fares should be scrapped UK-wide.

She said: “Our complicated fare system is enough to put anyone off using trains.

“In Italy, I paid the same price for a ticket when I turned up an hour before as if I’d booked months earlier – the price is just the price.”

Green MSP Mark Ruskell said peak rail fares were a “deeply unfair tax” on people who had no say over when they needed to travel.

“I am delighted that we are finally rid of them,” he said.

“I’m glad that the Scottish government has finally listened to the Greens, the trade unions and the rail users who were responsible for securing the initial pilot.”

Your Voice Your BBC News strapline



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Is gold overbought or underinvested? Why BofA metals research chief says entry points are coming; what you need to know – The Times of India

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Is gold overbought or underinvested? Why BofA metals research chief says entry points are coming; what you need to know – The Times of India


Gold remains a key portfolio asset despite recent surges, and investors may still find opportunities to buy on dips, according to Michael Widmer, head of metals research at Bank of America.“Gold is overbought at the moment, but it is still underinvested,” Widmer told Bloomberg Television. “ETF inflows last month were up 880% year-over-year, and that is ultimately a concern. From a pure fundamental macro backdrop, we’re still looking good. The entry points are coming.”Widmer explained that while gold has rallied sharply in recent months, its allocation in portfolios remains well below historical highs. “The highest we’ve ever had in terms of gold allocation is about 1.1%. Right now we are at half a percent. There is still space to increase,” he said, highlighting the potential for selective investment.He cautioned, however, that rapid inflows into gold ETFs cannot continue indefinitely. “You can’t compound growth at 880% forever. At some stage, you run into an air pocket, and gold might not rally. But fundamentally, it remains strong,” Widmer added.On identifying buying opportunities, he said investors should watch for short-term dips. “Monthly or weekly price movements of $100–$200 could present entry points. Volatility is picking up, so the opportunities are coming,” he noted.Widmer also stressed that gold is not purely a speculative asset but plays a strategic role in diversified portfolios. “It has a theoretical underpinning related to fiat currencies and debt. While it doesn’t perform directly in the real economy, it provides price exposure and portfolio diversification,” he said.He noted that institutional holdings of gold typically range from 10–15% of total assets, depending on the risk-return profile. “For the best portfolios, gold serves as a meaningful diversification tool, offering protection and exposure in times of market uncertainty,” Widmer said.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.)





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Diwali 2025 bank holidays: Are banks closed for 3 days this weekend? See state-wise details – The Times of India

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Diwali 2025 bank holidays: Are banks closed for 3 days this weekend? See state-wise details – The Times of India


Diwali 2025 bank holidays: As the festive week of Diwali approaches, several states will see a string of bank holidays. However, banks will not remain closed nationwide for three consecutive days, with most closures being state-specific based on regional festivals.

Are banks closed for Dhanteras 2025?

This Saturday, October 18, banks across India will remain open, as it is the third Saturday of the month. No, banks will not be closed on Dhanteras, which also falls on October 18.

Acharya Vikramaditya Reveals | Diwali Date Confusion Ends | इसी दिन बनेगा महालक्ष्मी योग

Regular banking services will continue nationwide, the only exception is Assam, where branches will stay closed in observance of the Kati Bihu festival.

Are banks closed on Diwali? Region-wise list

Monday, October 20: Banks will be closed in multiple states and union territories including Tripura, Gujarat, Mizoram, Karnataka, Madhya Pradesh, Chandigarh (UT), Tamil Nadu, Uttarakhand, Assam, Telangana, Arunachal Pradesh, Rajasthan, Uttar Pradesh, Kerala, Nagaland, West Bengal, Delhi (NCT), Goa, Chhattisgarh, Jharkhand, Meghalaya, Himachal Pradesh, and Andhra Pradesh for Diwali, Naraka Chaturdashi, and Kali Puja celebrations.Tuesday, October 21: Branches in Belapur, Bhopal, Bhubaneswar, Gangtok, Imphal, Jammu, Mumbai, Nagpur, Raipur, and Srinagar will remain shut for Diwali Amavasya, Deepawali, and Govardhan Puja.Wednesday, October 22: Banks in Gujarat, Maharashtra, Karnataka, Uttarakhand, Sikkim, Rajasthan, Uttar Pradesh, and Bihar will be closed for Balipadyami, Laxmi Puja (Diwali), and Vikram Samvat New Year Day.Thursday, October 23: In Gujarat, Sikkim, Manipur, Uttar Pradesh, West Bengal, and Himachal Pradesh, banks will remain closed for Bhaidooj, Chitragupt Jayanti, Laxmi Puja, Bhratridwitiya, and Ningol Chakkouba.

Upcoming state-wise bank holiday schedule:

October 27–28: Banks in Kolkata, Patna, and Ranchi will stay shut for Chhath Puja.Friday, October 31: In Ahmedabad, banks will remain closed to mark Sardar Vallabhbhai Patel’s birth anniversary.

What if your bank is closed?

Even on holidays, customers can continue using online banking, ATMs, mobile apps, and UPI platforms for fund transfers, bill payments, and other services.However, in-person services such as large cash deposits, demand drafts, and account settlements will not be available. It’s advisable to plan transactions in advance to avoid last-minute inconvenience during the festive week.





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GSTR-3B Due Date: CA Body Urges Govt To Extend October 20 Deadline Due To Diwali Holiday

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GSTR-3B Due Date: CA Body Urges Govt To Extend October 20 Deadline Due To Diwali Holiday


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GSTR-3B Due Date Extension: BCAS says the days leading up to October 19, a Sunday and part of the main Diwali festivities, are typically observed as public holidays across India.

As per the existing schedule, the GSTR-3B filing deadline falls on October 20, 2025, which coincides with the Diwali holiday.

As per the existing schedule, the GSTR-3B filing deadline falls on October 20, 2025, which coincides with the Diwali holiday.

GSTR-3B Due Date Extension News: The Bombay Chartered Accountant Society (BCAS) has urged the finance ministry to extend the due date for filing GSTR-3B returns for September 2025, citing a clash between the statutory compliance deadline and the Diwali holiday.

As per the existing schedule, the GSTR-3B filing deadline falls on October 20, 2025, which coincides with the Diwali holiday. BCAS pointed out that the days leading up to October 19, a Sunday and part of the main Diwali festivities, are typically observed as public holidays across India. This overlap, the society noted, leaves little time for professionals, accountants, and company staff to complete crucial filing processes.

In its representation dated October 8, 2025, BCAS said the shortened compliance window could make it difficult for taxpayers to meet statutory obligations on time. The society highlighted that preparation of Form GSTR-3B involves detailed reconciliation, verification of Input Tax Credit (ITC), and fund arrangements for tax payments — all of which require active coordination among teams that are unavailable during the festive week.

“Therefore, as a significant step towards ease of doing business, it is earnestly requested that the due date for filing GSTR-3B of September 2025 be extended. Granting this essential administrative relief will enable registered persons and tax practitioners to complete the necessary compliance procedures following the conclusion of the festival period, ensuring accurate and complete return filing and promoting adherence to the provisions of the CGST Act without penalising taxpayers for unavoidable circumstances,” BCAS said in its submission.

The society added that the festival-related holidays would hinder access to staff, support services, and banking facilities needed for return finalisation. It also clarified that Nil GSTR-3B returns – permitted only when there are no outward or inward supplies or liabilities for a given period – would not apply to most regular taxpayers for September, reinforcing the need for an operational compliance window beyond the Diwali holidays.

BCAS concluded that a short-term extension of the filing deadline would ease administrative pressure, prevent inadvertent non-compliance, and support the government’s broader goal of improving the ease of doing business.

What Is The Late Fees For GSTR-3B?

Late filing of GSTR-3B attracts a statutory late fee under the Goods and Services Tax (GST) framework. As per current rules, taxpayers who miss the due date are liable to pay Rs 50 per day (Rs 25 each for CGST and SGST) until the return is filed. However, if there is no tax liability for the month (i.e., a Nil return), the late fee is reduced to Rs 20 per day (Rs 10 each for CGST and SGST).

The late fee is calculated from the day after the due date until the actual filing date, subject to a maximum cap of Rs 5,000. In addition to the late fee, interest at 18% per annum is also charged on the outstanding tax amount for the delay period.

Mohammad Haris

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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