KSRTC running at heavy loss, says Minister


Saturday, July 14, 2012P: Transport and Power Minister Aryadan Mohammed said that KSRTC is running at a whopping loss of Rs 60 crore per month.


An amount of Rs 40 crore was needed for payment of salaries of staff and another Rs 30 crore will have to be found for payment of pension benefits, he said.


Under the present circumstances, the KSRTC can think of adding new services on nationalised routes on a priority basis, he said. The minister said that though there was higher budgetary support for KSRTC this year, this was grossly inadequate to overcome the quantum of losses.

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