Four State transport corporations facing ₹8,000 crore in losses, says Karnataka Minister
Karnataka’s four State-run transport corporations are collectively facing losses of around ₹8,000 crore and are struggling to pay salaries, Transport Minister Byrathi Suresh said in the Legislative Council
Karnataka's four state-run transport corporations are currently facing financial difficulties, with a combined loss of approximately ₹8,000 crore, according to Transport Minister Byrathi Suresh. The minister made these remarks during a Legislative Council session, in response to queries regarding the challenges faced by milk unions.
The Karnataka State Road Transport Corporation (KSRTC), Bengaluru Metropolitan Transport Corporation (BMTC), Kalyana Karnataka Road Transport Corporation (KKRTC), and the KSRTC's northwestern division (KSRTC-NW) have not increased ticket fares, despite a four-fold hike in diesel prices. Suresh explained that the corporations are unable to increase fares due to the current financial strain.
He expressed concern over the possibility of the Opposition launching protests if fare increases were implemented. Suresh plans to meet Chief Minister D.K. Shivakumar to discuss the issue further. Meanwhile, Opposition leader Chalavadi Narayanaswamy raised concerns about candidates who had completed interviews for transport corporation positions nearly three years ago, but have yet to be appointed.
Suresh responded by stating that the corporations are preoccupied with paying salaries for their existing employees, making it impossible to hire new staff.
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