Crisis-hit KSRTC gets a reprieve
12 years ago

Crisis-hit KSRTC gets a reprieve

The Hindu  

The Kerala High Court, on Thursday, directed two public-sector oil companies to sell high-speed diesel at the subsidised price to the Kerala State Road Transport Corporation, much to the relief of the utility reeling under a financial crisis. Justice V. Chitambaresh issued the interim directive on a petition filed by the KSRTC challenging the Centre’s decision to sell diesel without subsidy to bulk consumers. The court pointed out that the Madras High Court had already granted an interim order restraining the oil companies from collecting a higher price on diesel sold to the transport undertakings of the Tamil Nadu government. The Indian Oil Corporation and the Hindustan Petroleum Corporation took the stand that while the Centre and the oil companies were providing a subsidy of Rs.11.20 a litre, the State government was levying almost a same sum as tax.

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History of this topic

Why there's no Varavelpu from bus owners to Kerala's 10% road tax cut proposal
2 weeks, 3 days ago

Why there's no Varavelpu from bus owners to Kerala's 10% road tax cut proposal

New Indian Express  

Kerala has a unique public transport system where both private and State Transport Undertakings operate, with the former accounting for more than 80 per cent of the total bus operations in the state in the early 2000s. The rising operational costs, including fuel costs, employee salaries, insurance, yearly taxes, and other maintenance expenditures, contribute significantly to the mounting financial burden …

KSRTC to disburse salary on first of every month
3 weeks, 3 days ago

KSRTC to disburse salary on first of every month

The Hindu  

The Kerala State Road Transport Corporation will disburse the salary of its employees on the first of every month, Transport Minister K.B. Addressing mediapersons here on Tuesday, the Minister said the corporation would take an overdraft of ₹100 crore from the State Bank of India. The overdraft would be repaid when the State released its monthly financial assistance to the …

Karnataka: KSRTC in financial crunch two years after announcement of free bus ride scheme for women
1 month, 3 weeks ago

Karnataka: KSRTC in financial crunch two years after announcement of free bus ride scheme for women

Op India  

Facing a severe financial crunch, the Karnataka State Road Corporation is seeking a bank loan of about Rs 624 crore to clear its arrears including statutory dues like provident fund and fuel payments. KSRTC Managing Director V Anbukumar said that the government has approved a Rs 2,000 loan to all the RTCs to clear all the dues which are around …

Karnataka govt approves 15% hike in bus fares as state finance collapses due to freebies
2 months, 3 weeks ago

Karnataka govt approves 15% hike in bus fares as state finance collapses due to freebies

Op India  

The Indian National Congress stormed to power in Karnataka after the state legislative assembly elections in 2023 promising to deliver better governance, comfortable lifestyle and economic relief for the voters. Meanwhile, a decision to lift the Karnataka Industrial Area Development Board’s borrowing ceiling from financial institutions from Rs 500 crore to Rs 5,000 crore was also approved by the Karnataka …

Shakti scheme has not affected KSRTC’s financial losses: Minister
8 months, 1 week ago

Shakti scheme has not affected KSRTC’s financial losses: Minister

Hindustan Times  

Karnataka transport minister Ramalinga Reddy on Monday said that the Shakti scheme, which has increased Karnataka State Transport Corporation’s ridership by 2 million annually, is not responsible for the corporation’s financial losses. KSRTC has submitted a proposal to the state government to increase bus fares by 15-20% due to financial losses “The Shakti scheme has generated significant goodwill and brought …

Bus fares to be hiked in Karnataka? KSRTC sends proposal after ₹295 cr loss in last three months
8 months, 1 week ago

Bus fares to be hiked in Karnataka? KSRTC sends proposal after ₹295 cr loss in last three months

Hindustan Times  

The Karnataka State Road Transport Corporation has proposed a 15-20% hike in bus fares as the department is incurring losses due to the Shakti scheme, the free bus scheme for women. KSRTC sends proposal after ₹ 295 cr loss Speaking to news agency PTI, KSRTC chairperson S R Srinivas said, “The increase in ticket prices is inevitable. The hike is …

’Kerala passing through huge financial crisis’: State govt tells HC
1 year, 4 months ago

’Kerala passing through huge financial crisis’: State govt tells HC

Live Mint  

The ruling left the government in Kerala telling the High Court that the state is reeling under a “huge financial crisis”. The state government had made such remarks in its affidavit submitted to the HC in a matter related to repaying a depositor of the Kerala Transport Development Finance Corporation Ltd. State government's response has come at a time when …

Centre cuts windfall tax on domestic crude oil
2 years, 3 months ago

Centre cuts windfall tax on domestic crude oil

Deccan Chronicle  

New Delhi: The Centre has cut the windfall profit tax on domestically produced crude oil. According to the revised prices, the windfall tax on crude oil produced by firms such as the state-owned Oil and Natural Gas Corporation has been reduced to Rs 1,700/tonne from the previous Rs 4,900/tonne. The new levy also includes Rs 1.5 per litre as road …

KSRTC Moves Supreme Court Challenging High Court Direction To Remove Ads From Buses
2 years, 3 months ago

KSRTC Moves Supreme Court Challenging High Court Direction To Remove Ads From Buses

Live Law  

The Kerala State Road Transport Corporation has moved Supreme Court challenging Kerala's High Court direction to remove The Kerala State Road Transport Corporation has moved Supreme Court challenging Kerala's High Court direction to remove Through the petition, the KSRTC has described itself as a corporation, which, despite running into huge losses with debt to the tune of Rs. It states– …

Kerala High Court Asks State To Formulate Permanent Scheme For Resolving Issues Faced By KSRTC In Dispensing Salary To Its Employees
2 years, 4 months ago

Kerala High Court Asks State To Formulate Permanent Scheme For Resolving Issues Faced By KSRTC In Dispensing Salary To Its Employees

Live Law  

The Kerala High Court on Thursday asked the State government to formulate a permanent solution or scheme for resolving the issues faced by KSRTC in dispensing salary to its employees.Justice Devan Ramachandran was hearing the petitions filed by the employees of Kerala State Road Transport Corporation seeking direction to the Corporation and its Managing Director to formulate a scheme for. …

Has 'Single Duty System' Been Effective, File Statement With Specific Figures And Calculations: Kerala High Court To KSRTC
2 years, 5 months ago

Has 'Single Duty System' Been Effective, File Statement With Specific Figures And Calculations: Kerala High Court To KSRTC

Live Law  

The Kerala High Court on Monday directed the Kerala State Road Transport Corporation to state on record whether the 'Single Duty System' has been introduced and if it has given any benefits, file a statement with specific figures and calculations.During the hearing of a case filed by the corporation's employees, Justice Devan Ramachandran said, "this Court has to ensure that …

KSRTC Moves Kerala High Court Seeking Over Rs 5 Crores From PFI For Hartal Losses
2 years, 6 months ago

KSRTC Moves Kerala High Court Seeking Over Rs 5 Crores From PFI For Hartal Losses

Live Law  

The Kerala State Road Transport Corporation moves Kerala High Court seeking directive to Popular Front of India to pay Rs. 5.06 Crores as compensation for the damages caused to the corporation during the flash hartal called the party in the state following the arrest of its leaders by the NIA.In the petition moved through the Standing Counsel for KSRTC, Advocate …

Centre slashes windfall tax on fuel: Reliance Industries shares climb over 4%, ONGC jumps 7%
2 years, 8 months ago

Centre slashes windfall tax on fuel: Reliance Industries shares climb over 4%, ONGC jumps 7%

Firstpost  

The government on Wednesday slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates. It scrapped Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4 New Delhi: Shares of firms related to oil exploration and refineries were in …

Consider Modernising Toilets, Wash Areas: Kerala High Court Suggests Launching 'Back To KSRTC Movement'
2 years, 8 months ago

Consider Modernising Toilets, Wash Areas: Kerala High Court Suggests Launching 'Back To KSRTC Movement'

Live Law  

The Kerala High Court on Monday recommended that the Kerala State Road Transport Corporation be updated with modern facilities to restore public faith in the Corporation, thereby augmenting its revenue. Justice Devan Ramachandran suggested that the KSRTC should begin by improving its facilities such as toilets and wash areas and called this process the 'Back to KSRTC movement'."The. Justice Devan …

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels
2 years, 10 months ago

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels

Deccan Chronicle  

Vijayawada: Upping their ante against the Centre for causing a huge loss to them –“nearly Rs 2,000 crore” nation-wide due to the sudden reduction in prices of petrol and diesel, petroleum dealers have sought restoration of the ‘dynamic pricing’ mechanism. The dealers allege that the Centre stopped implementing the dynamic pricing system for fuels for over two months and is …

Kerala State Road Transport Corporation Moves Supreme Court Against Diesel Price Hike By Oil Companies
2 years, 10 months ago

Kerala State Road Transport Corporation Moves Supreme Court Against Diesel Price Hike By Oil Companies

Live Law  

The Kerala State Road Transport Corporation has moved the Supreme Court against Kerala High Court's order setting aside the interim order issued in its favour by which the Oil Marketing Companies were directed to levy the price of High Speed Diesel at par with the price available at retail pumps temporarily. A special leave petition has been filed challenging the …

'Nothing But The Old Case With A New Docket': Kerala High Court While Refusing To Provide Diesel To KSRTC At Retail Price
2 years, 10 months ago

'Nothing But The Old Case With A New Docket': Kerala High Court While Refusing To Provide Diesel To KSRTC At Retail Price

Live Law  

The Kerala High Court on Friday allowed the appeals moved by state-owned oil marketing companies challenging the interim order issued in favour of Kerala State Road Transport Corporation wherein the OMCs have been directed to levy the price of High Speed Diesel at par with the price available at retail pumps temporarily.A Division Bench of Justice C.S Dias and Justice. …

BREAKING| Kerala High Court Sets Aside Interim Order In Favour Of KSRTC In Bulk Diesel Price Case
2 years, 10 months ago

BREAKING| Kerala High Court Sets Aside Interim Order In Favour Of KSRTC In Bulk Diesel Price Case

Live Law  

The Kerala High Court on Friday allowed the appeals moved by state-owned oil marketing companies challenging the interim order issued in favour of Kerala State Road Transport Corporation wherein the OMCs have been directed to levy the price of High Speed Diesel at par with the price available at retail pumps temporarily.A vacation bench of Justice C.S Dias and Justice. …

Top Kerala News developments today
2 years, 10 months ago

Top Kerala News developments today

The Hindu  

Ivory case against actor Mohanlal A trial court in Kochi is likely to pronounce its judgement on a plea by the State government to withdraw prosecution proceedings against actor Mohanlal who was allegedly found in possession of illegal ivory artefacts by Income Tax investigators who raided his house in 2011. Employees strike hits Kerala State Road Transport Corporation operations Long …

Kerala High Court reserves its order on appeals of oil companies on KSRTC diesel price
2 years, 11 months ago

Kerala High Court reserves its order on appeals of oil companies on KSRTC diesel price

The Hindu  

A Division Bench of the Kerala High Court on Tuesday reserved its order on the appeals of three public sector oil marketing companies challenging a single judge's interim directive to sell high-speed diesel to KSRTC at the retail price, instead of the higher price fixed for bulk consumers. When the appeals came up for hearing, Parag P. Tripathi, the Supreme …

[Bulk Diesel Prices] Maintainability Issue Not Considered: Oil Companies Argue Before Kerala HC In Appeals Against Interim Order In Favour Of KSRTC
2 years, 11 months ago

[Bulk Diesel Prices] Maintainability Issue Not Considered: Oil Companies Argue Before Kerala HC In Appeals Against Interim Order In Favour Of KSRTC

Live Law  

The Kerala High Court on Tuesday heard the State-owned oil marketing companies in the appeals challenging the interim order issued in favour of Kerala State Road Transport Corporation wherein the OMCs have been directed to levy the price of High Speed Diesel at par with the price available at retail pumps temporarily.A vacation bench of Justice V.G. The Kerala High …

Oil Companies Move Appeals Assailing Interim Order In Favour Of KSRTC; Kerala High Court To Consider Tomorrow
2 years, 11 months ago

Oil Companies Move Appeals Assailing Interim Order In Favour Of KSRTC; Kerala High Court To Consider Tomorrow

Live Law  

Three oil companies have filed three separate appeals before the Kerala High Court challenging the interim order issued in favour of Kerala State Road Transport Corporation wherein the oil companies have been directed to levy the price of High Speed Diesel at par with the price available at retail pumps temporarily.A vacation bench of Justice V.G. Three oil companies have …

Diesel shortage hits KSRTC services in Kasaragod
2 years, 11 months ago

Diesel shortage hits KSRTC services in Kasaragod

The Hindu  

Services of the Kerala State Road Transport Corporation were yet again disrupted due to shortage of diesel at Kanhangad and Kasaragod depots in the district. The Kanhangad depot alone requires 40,000 litres of diesel for two days. However, if the fuel does not arrive by Sunday night, operating services from Kanhangad will be difficult,” said a KSRTC official on condition …

Kerala High Court asks oil companies to explain pricing mechanism
3 years ago

Kerala High Court asks oil companies to explain pricing mechanism

The Hindu  

The Kerala High Court on Tuesday directed the public sector oil marketing companies to file a statement explaining the manner in which the prices of petrol and diesel are fixed. The court passed the order on a writ petition filed by the Kerala State Road Transport Corporation seeking a directive to the oil companies to sell HSD to KSRTC at …

Kerala HC declines to stay OMCs\' decision to hike price of bulk diesel purchase
3 years ago

Kerala HC declines to stay OMCs\' decision to hike price of bulk diesel purchase

Deccan Chronicle  

Kochi: The Kerala High Court on Tuesday declined to stay the state-owned oil companies' decision to hike price of bulk diesel purchases or restrict them from further increasing the rates, but asked them to explain the manner in which their pricing mechanism worked. Alleging "hostile discrimination" against KSRTC by the OMCs, advocate Deepu Thankan -- representing the state transport corporation …

Diesel Price Hike For Bulk Purchasers: Kerala High Court Denies Interim Relief To KSRTC
3 years ago

Diesel Price Hike For Bulk Purchasers: Kerala High Court Denies Interim Relief To KSRTC

Live Law  

The Kerala High Court on Tuesday refused to grant interim relief on the plea moved by Kerala State Road Transport Corporation challenging the decision of State-owned Oil Marketing Companies to increase the price of diesel sold to the Corporation, which is allegedly much higher than the market price.Justice N. Nagaresh directed the Oil Marketing Companies to file a statement explaining. …

KSRTC Challenges Hike In Diesel Prices For Bulk Purchasers: Kerala High Court Issues Notice
3 years ago

KSRTC Challenges Hike In Diesel Prices For Bulk Purchasers: Kerala High Court Issues Notice

Live Law  

The Kerala State Road Transport Corporation has moved the High Court challenging the decision of State-owned Oil Marketing Companies to increase the price of diesel sold to the Corporation, which is allegedly much higher than the market price. Justice N. Nagaresh on Friday issued notice to the Centre and the oil companies in the matter.The primary grievance of KSRTC is …

Why Petrol & Diesel Excluded From GST? Kerala High Court Seeks GST Council's Response
3 years, 4 months ago

Why Petrol & Diesel Excluded From GST? Kerala High Court Seeks GST Council's Response

Live Law  

The Kerala High Court on Monday directed the GST council to explain why petrol and diesel were not included within the ambit of Goods and Services Tax. A Division Bench comprising Chief Justice S. Manikumar and Justice Shaji P Chaly asked the GST council to file a statement in this regard within ten days. The Court was adjudicating upon a …

Centre must release GST compensation for states to reduce VAT on fuel, says Sharad Pawar
3 years, 4 months ago

Centre must release GST compensation for states to reduce VAT on fuel, says Sharad Pawar

India TV News  

After the Central government reduced the excise duty on petrol and diesel, Nationalist Congress Party chief Sharad Pawar on Friday demanded the release of GST compensation to the states for them to reduce value-added tax on fuel. In a statement, Sharad Pawar said, "If the Centre disburses the GST compensation to all the states, then it is possible for the …

Kerala refuses to reduce VAT on petrol and diesel, says there is no need
3 years, 4 months ago

Kerala refuses to reduce VAT on petrol and diesel, says there is no need

Op India  

Pinarayi Vijayan led left Democratic Front government in Kerala has refused to reduce tax on petrol and diesel on the line of Centre and many NDA ruled states reducing taxes to give relief to people from the runaway prices. NDA ruled states join price cut move After the centre cut the excise duty and urged the states to do the …

Kerala firm on not reducing VAT on fuel prices, says state is in 'grim financial situation'
3 years, 4 months ago

Kerala firm on not reducing VAT on fuel prices, says state is in 'grim financial situation'

India TV News  

The Kerala government has on Friday said firmly that there will be no tax reduction on the petrol and diesel prices, quoting the state's grim financial situation. Justifying the state's decision not to cut the additional tax on fuel, state Finance Minister K N Balagopal, while addressing a press conference said Kerala has not increased the state-tax on petrol and …

Fuel prices see further dip in these states as BJP and its allies cut costs of petrol by Rs 8, diesel by Rs 9
3 years, 4 months ago

Fuel prices see further dip in these states as BJP and its allies cut costs of petrol by Rs 8, diesel by Rs 9

Firstpost  

After duty changes, the costliest petrol and diesel is sold in Rajasthan at Rs 111.10 and Rs 95.71 a litre respectively New Delhi: Petrol price has been further reduced by as much as Rs 8.7 per litre and diesel by Rs 9.52 in BJP ruled states and UTs — from Ladakh to Puducherry — as they matched the central government’s …

MP High Court Issues Notice to Union Ministry, Oil Companies for ‘Overcharging’ Ethanol Blended Petrol
4 years ago

MP High Court Issues Notice to Union Ministry, Oil Companies for ‘Overcharging’ Ethanol Blended Petrol

News 18  

The principal bench of Madhya Pradesh high court on Wednesday issued notices to the Union Ministry of Petroleum and Natural Gas and public sector oil companies while responding to a PIL seeking a reduction in fuel prices, with the petitioner claiming that consumers have to pay high levies for mixing of ethanol in petrol and diesel. The petitioner Manish Sharma, …

Smooth driving' to save KSRTC Rs 41 crore a year
6 years ago

Smooth driving' to save KSRTC Rs 41 crore a year

Deccan Chronicle  

Kochi: The KSRTC management is set to address a major complaint of passengers-- the rough driving by its crew. The target of 4.3 km per litre is for the next three months with the management aiming to achieve five km by next year. Upon achieving an average 4.3 km mileage, '40.84 crore can be saved towards diesel expense a year,” …

Govt rules out excise duty cut as petrol, diesel prices hit fresh high
6 years, 6 months ago

Govt rules out excise duty cut as petrol, diesel prices hit fresh high

India TV News  

A cut in taxes on petrol and diesel is ruled out for now as neither the central government nor some states have the appetite to stomach revenue loss from such a move, a top government official said Monday. Prices in Delhi, where rates are the cheapest among all metros and most state capitals because of lower VAT, saw petrol touch …

Petrol, diesel crisis: Kerala moves to soften 'crude' blow; to cut fuel prices by Rs 1 per litre from 1 June
6 years, 9 months ago

Petrol, diesel crisis: Kerala moves to soften 'crude' blow; to cut fuel prices by Rs 1 per litre from 1 June

Firstpost  

The Kerala government on Wednesday announced a Rs 1 per reduction per litre in the price of petrol and diesel from Friday Thiruvananthapuram: The Kerala government on Wednesday announced a Rs 1 reduction, per litre, in the price of petrol and diesel from Friday i.e. Addressing reporters in Thiruvananthapuram after the weekly cabinet meeting, Chief Minister Pinarayi Vijayan said: “The …

Oomen Chandy: Petrol and diesel price could be reduced further | India TV News
10 years, 1 month ago

Oomen Chandy: Petrol and diesel price could be reduced further | India TV News

India TV News  

Wayanad: Kerala Chief Minister Oommen Chandy Monday said that "it was possible" for the BJP-led NDA government to slash the prices of petrol and diesel further as the price of crude oil has "dipped considerably" in the international market. "Since the price of crude oil has dipped considerably in the last few months when compared to the price during the …

Kerala Cabinet sanctions Rs. 25 crore for KSRTC
12 years, 1 month ago

Kerala Cabinet sanctions Rs. 25 crore for KSRTC

The Hindu  

Kerala Cabinet granted Rs. 25 crore additionally to the State Road Transport Corporation on Wednesday to tide over its financial problems. The Cabinet authorised Chief Minister Oommen Chandy to appoint a one man commission to study the problems related to backwardness of Nadar community. Finance Minister K. M. Mani, Industries Minister P. K. Kunhalikutty, Health Minister V. S. Sivakumar, Excise …

Mani flays diesel price hike
12 years, 2 months ago

Mani flays diesel price hike

The Hindu  

Mani on Friday criticised the decision to increase diesel price and termed it as ‘condemnable.’ The decision would seriously affect the economy and would add to the economic burden of the State, he said in a statement here. The Minister said that even though the Centre had effected only a 50-paise increase in diesel price, the total increase would work …

Oil firms fuel a crisis in KSRTC
12 years, 2 months ago

Oil firms fuel a crisis in KSRTC

The Hindu  

The decision of oil companies to sell high speed diesel to bulk consumers at market rates has plunged the Kerala State Road Transport Corporation into a severe financial crisis. The loss-making corporation, which has not been able to pay the monthly pension of 37,000 retired employees till date due to a financial crisis, will now has to find an additional …

The ripple effect of diesel price hike
12 years, 6 months ago

The ripple effect of diesel price hike

The Hindu  

It will happen any time now: be prepared to open your wallet wider this week itself when you shop for groceries what with diesel price spiking by as much as Rs. Bus travel is set to become costly as private operators in the State have petitioned respective regional transport authorities to allow a fare hike. Rajavarma Ballal, president, Karnataka State …

Diesel price hike to add to KSRTC’s mounting losses
12 years, 6 months ago

Diesel price hike to add to KSRTC’s mounting losses

The Hindu  

The Kerala State Road Transport Corporation will have to incur an additional burden of Rs.6.5 crore monthly for fuel alone following the hike in the price of diesel. The hike is a setback to the loss-making corporation whose monthly fuel bill is Rs.57 crore. In addition, it has to find Rs.30 crore monthly for repaying a loan taken from the …

Kerala HC Slams Frequent Petrol Price Hike
13 years, 4 months ago

Kerala HC Slams Frequent Petrol Price Hike

India TV News  

Kochi, Nov 4: Flaying the frequent hike in petrol prices, the Kerala High court today said central and state governments cannot “wash their hands” off and directed the Indian Oil Corporation and Reliance Petroleum to produce their balance sheets and quarterly reports before it in three weeks. When a PIL by former MP P C Thomas against the frequent petrol …

Kerala to waive cess to cut diesel price
13 years, 9 months ago

Kerala to waive cess to cut diesel price

The Hindu  

The State government will waive the cess on the revised diesel price, Chief Minister Oommen Chandy has said on Monday. Replying to the notice on an adjournment motion moved by T.M.Thomas Isaac in Assembly on Monday seeking a discussion on the price hike in diesel, kerosene and LPG cylinder, Mr.Chandy said that the decision to waive the cess on the …

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