There shouldn't be cancellation charges for waiting tickets of Indian Railway

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Railways are like life line of India and crores of the migrant population is regular commuter of Indian Railway. That is why, many times we don't get a reserved seat even months before the date of travel. As a result we get compelled to buy waiting tickets, but as per rules of Indian Railways, waiting tickets purchased from online mode are not considered valid tickets unless they get confirmed. Still, if one cancels that waiting ticket (which isn't even a valid ticket as per Indian Railways), he incurs Rs. 60/- as cancellation fee. Imposing a financial charge on something which is not valid shows that customers purchasing waiting tickets are at some fault, which is not the case. There are case when total cost of waiting ticket (which is not even a valid ticket as per Indian Railways) is Rs. 120, and Rs. 60/- out of that is deducted as cancellation charge.
I strongly urge that cancellation charges on waiting/RAC tickets be suspended as it causes huge financial loss crores of people of the nation who commute frequently by Indian Rail.