Air India — very high cancellation charge by air india - rs. 5250 from ticket of rs. 6904 - 76 %

Address: Mumbai City, Maharashtra, 364002

Website: www.airindia.in

I have booked tickets from air india as follows:

E-ticket itinerary receipt

Passenger details
Passenger type name frequent flyer no. Meal request spl. Request ticket no. (S)
Adult 1 kirtikumar shankarlal pandya ai[protected] na na 098-[protected]
Travel information
Flight depart arrive class fare
Basis nvb* nva* baggage
Allowance
Ai 9652
Booked
(*) alliance air bhavnagar (Bhu)
Thu, 11 jan 2018, 19:45
Mumbai (Bom)
Thu, 11 jan 2018, 21:35, terminal 2
Economy - s
Sap609i
Thu, 11 jan 2018
Thu, 11 jan 2018
Adult: 15 kg
Flight depart arrive class fare
Basis nvb* nva* baggage
Allowance
Ai 9651
Booked
(*) alliance air mumbai (Bom)
Mon, 22 jan 2018, 17:50, terminal 2
Bhavnagar (Bhu)
Mon, 22 jan 2018, 19:05
Economy - t
Tap159i
Mon, 22 jan 2018
Mon, 22 jan 2018
Adult: 15 kg
* flight operated by a partner airline.
* all times are local to airport.
* nvb - not valid before, nva - not valid after
Booking details
Booking reference no (Pnr): y03y4
Web reference: aibe35615861
Issuing airline: air india ltd.
Issued date: sat, 28 oct 2017
Place of issue: www.airindia.in / ibe
Contact no: +91 [protected]
Email: [protected]@yahoo.com
Ip address: 49.34.115.247
Fare details payment details
Fare
1 adults @ inr 6, 060.00 :inr 6, 060.00
Surcharge
India: passenger service fee (Wo) :inr 399.00
India: development fee (Ym) :inr 142.00
Tax
Goods and service tax interim (K3) :inr 303.00
Total trip cost :inr 6, 904.00
(Including base fare, surcharge, fees, taxes)
Name on card:

Kirtikumar pandya (As entered while booking)

Card type: visa
Card no.: *2251
Auth code: 662077

Endorsement/restrictions
Endos non-end/vld on ai flt only
Total paid :inr 6904.00

Now i want cancell my above mentioned booking but are shocked to know the cancellation charges as follows :

Cancellation charges are rs, 5250 from the total ticket cost of rs, 6904 that is 76 %!!!

This is day light robbery and must be stopped by the government.