The government’s permission is needed to increase ticket prices by over 10 per cent.
Hyderabad: Increasing bus fares might be a way to pull the state road transport corporation out of the Rs 3,000 crore debt accumulated since Telangana state’s formation.
An expert committee constituted for improving RTC received the same suggestion from many employee unions. “It has been four years since the corporation hiked ticket fares,” an RTC official said. The government’s permission is needed to increase ticket prices by over 10 per cent.
Though there were representations from the corporation to permit a hike, the same was being denied as it would have meant increased burden on the people. But employee unions feel the government should not politicise the decision. They felt that if a decision considering the RTC’s financial position was taken, people would understand.
Despite continuous rise in fuel prices, the corporation has managed to stick to the same ticket price for the past four years. Hike in diesel prices has contributed to 38 per cent of the total loss of around Rs 463 crore that the corporation reported till November 2018. RTC has spent over Rs 700 crore for overall purchase of fuel last year.
An RTC official speaking on the condition of anonymity said: “The expenditure the corporation is incurring is increasing by the day, but income remains the same. It would be difficult for any organisation to survive with such meagre funds. There were demands to allocate at least one per cent of the state budget for RTC’s survival, but it’s not being put on the table.”
Adding to the woes is the provision of bus passes for students, journalists, senior citizens. The corporation is spending around `550 crore per annum, which needs to be reimbursed by the government, but this is getting delayed. An expert committee has been constituted to work on the domain of transportation, carry out an in-depth study of RTC and suggest plans and measures for its efficient functioning.
All shops, except malls in city to open from today; KCR calls for austerity measures as lockdown hits revenues
With 107 new cases reported, the state breaks the 2000 mark
The hope of parents, relatives and officials seeing the boy home alive is dashed.Though an NDRF led team carried out a rescue operation to save the boy proved to be a futile effort.
Telangana contributed more than half (63 per cent) of total paddy procured in Yasangi this year and the remaining 37 per cent paddy was procured from all other States put together.
In May, the government's revenues have been a mere Rs 3,100 crore, which includes the state’s share of Rs 982 crore in central taxes
The locals found on Thursday morning that a leopard was struck in a wire snare loop ,which was present near a fencing laid to an open land by its owner
Malls, cinema theatres, function halls will remain closed nevertheless
Kaleshwaram project, the pride of Telangana
However, the respite is for only a few days
Advises people to remain cautious as spread is not on alarming scale despite relaxing lockdown curbs
On Wednesday, TS Wakf Board chairman Mohammed Saleem said they will issue notices to the concerned caretakers of the graveyard
At 4 am on Friday, Chandi Yagam will be performed in Konda Pochamma temple and Sudarshan Yagam at Konda Pochamma Sagar pump house simultaneously.