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Articles for Ksrtc, search results for financial

Karnataka mulls 15% bus fare hike to ease financial strain, KSRTC reports ₹295 crore loss: Report
1 week, 5 days ago

Karnataka mulls 15% bus fare hike to ease financial strain, KSRTC reports ₹295 crore loss: Report

Hindustan Times  

Karnataka’s state-run transport corporations, including KSRTC and BMTC, are on the brink of a crucial decision as a high-level committee has proposed a 15 per cent increase in fares. While three of them saw a hike in 2020 when diesel prices hit ₹60 per litre, BMTC fares have remained unchanged since 2010, when diesel was just ₹30 per litre. Officials …

Bengaluru Fare Bmtc Ksrtc Report Karnataka
KSRTC workers call statewide strike on December 31 over unpaid dues, salary hike
1 month, 2 weeks ago

KSRTC workers call statewide strike on December 31 over unpaid dues, salary hike

India Today  

The KSRTC Staff and Workers’ Federation, in collaboration with other transport unions, has announced a state-wide strike on December 31 to press the Karnataka government to address long-pending demands, including unpaid arrears and gratuity payments. Union leaders claim that the government owes Rs 1,750 crores in arrears from a salary hike announced in 2020 and an additional Rs 399.29 crore …

Ksrtc Salary Hike Transport Unions
Shakti scheme has not affected KSRTC’s financial losses: Minister
5 months, 3 weeks 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 …

Karnataka Financial Prices State Crore Reddy Hike
KSRTC provides ₹10 lakh aid to family of accident victim
10 months, 3 weeks ago

KSRTC provides ₹10 lakh aid to family of accident victim

Hindustan Times  

Karnataka State Road Transport Corporation on Monday issued ₹10 lakh accident relief amount to the dependents of a passenger who died in a mishap while travelling in the public bus. A KSRTC bus met with an accident on February 4 near Bhage, Sakleshpur, when G N Amruth, aged 34 died on the spot. In order to provide more financial assistance …

Accident Ksrtc Lakh Aid
KSRTC Can't Use Employees' Pension Contributions To Meet Its Financial Obligations: Kerala High Court Upholds Single Bench Decision
1 year, 4 months ago

KSRTC Can't Use Employees' Pension Contributions To Meet Its Financial Obligations: Kerala High Court Upholds Single Bench Decision

Live Law  

The Kerala High Court recently dismissed an appeal filed by the Kerala State Road Transport Corporation challenging the Single Judge decision directing KSRTC to deposit both the employees' and employer's contributions to the National Pension Scheme, and the contributions to State Life Insurance Policy and Group Insurance Accounts within six months. The Corporation inheres no right to meet its financial …

Financial Court Pension National Employees Payment Contribution
Are Kerala public sector enterprises a boon or bane?
1 year, 11 months ago

Are Kerala public sector enterprises a boon or bane?

The Hindu  

The role of public sector enterprises has been strategic and ideological. The important financial parameters based on the report, A Review of Public Enterprises in Kerala 2020-21, tell a disquieting story. For the three public utilities alone — Kerala State Electricity Board, Kerala State Road Transport Corporation and Kerala Water Authority — the loss was ₹1.67 lakh per employee. But …

Kerala Loss State Crore Public Sector Kseb
KSRTC moves High Court seeking compensation from PFI leader
2 years, 3 months ago

KSRTC moves High Court seeking compensation from PFI leader

The Hindu  

The KSRTC on Tuesday moved a petition before the Kerala High Court seeking a directive to Popular Front of India State general secretary A. Abdul Sathar to pay a compensation of ₹5.6 crore to it for the damage and revenue loss caused to it during the recent hartal held by the outfit in the State. In a petition, the KSRTC …

Loss State Crore Corporation Ksrtc Pfi Hartal
Salary Paid Overlooking Other Essential Expenses, Forced To Cut Down Trips: KSRTC Seeks 10 More Days To Disburse Pending Salary Before Kerala High Court
2 years, 4 months ago

Salary Paid Overlooking Other Essential Expenses, Forced To Cut Down Trips: KSRTC Seeks 10 More Days To Disburse Pending Salary Before Kerala High Court

Live Law  

The Kerala State Transport Employee Association has sought ten more days from the Kerala High Court to disburse salary yet to be paid to its employees. This comes after the Court directed KSRTC to disburse salary to its employees for the months of June and July before August 10 while adjudicating on a plea alleging that the employees were not …

Salary Court Employees Kerala High Court Payment State Corporation
Kerala HC Directs KSRTC To Engage Rank Holders In Expired PSC Rank List As Drivers On Daily Wages [Read Order]
4 years, 6 months ago

Kerala HC Directs KSRTC To Engage Rank Holders In Expired PSC Rank List As Drivers On Daily Wages [Read Order]

Live Law  

The Kerala High Court has directed the Kerala State Road Transport Corporation to make daily wages appointment from the 2455 candidates enlisted in the PSC rank list which came into force on 23.8.2012 and expired on 31.12.2016. Justice Sathish Ninan was hearing a writ petition seeking a direction to KSRTC not to engage any person other than those advised by …

Court Ksrtc Psc Rank List Daily Wages