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

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 proposes bus fare hike amid loss of Rs 295 crore from free travel scheme

The Karnataka State Road Transport Corporation is planning to propose a hike in the bus fare by up to 20%. This comes after Congress’s populist Shakti scheme under the “five guarantee” schemes, which offers free bus travel for women in Karnataka, resulted in an enormous loss of Rs 295 crore for the KSRTC over the last three months. We’ve incurred …

Loss

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

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 …

Karnataka proposes bus fare hike after free rides costs state Rs 295 crore loss

The Karnataka State Road Transport Corporation plans to propose a bus fare hike of up to 20 per cent. The KSRTC reported a significant loss of Rs 295 crore in the last three months due to the Shakti scheme, which provides free bus travel for women in Karnataka. We've incurred a loss of Rs 295 crore in the last three …

KSRTC's Stand That Housewife Earns No Income And Is Not Entitled To Compensation For Disability & Loss Of Amenities 'Outrageous': Kerala High Court

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 incurred a loss of Rs 86 lakh during PFI hartal violence

The episode of the dusk-to-dawn hartal organised by the now-banned Popular Front of India witnessed random incidents of violence causing disarray in the state of Kerala, causing the state a loss of Rs 86 lakhs, the state government told the high court. The PFI hartal reportedly ruined the everyday life of the state and forced the Kerala High Court to …

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 …

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

It is not prudent to allow a workman to get his job back when there is loss of mutual trust between the employer and employee, the Karnataka High Court has said. The court therefore ordered a digital services company to pay compensation of ₹10 lakh to the techie who was terminated but did not allow his reinstatement to the job. …

The Karnataka High Court on Tuesday disposed off a petition seeking to recover the revenue loss from Unions and Employees of the Bangalore Metropolitan Transport Corporation and Karnataka State Road Transport Corporation, who went on an alleged illegal strike in December 2020. The BMTC informed the court that following the illegal strike, it had terminated 359 trainee employees, 230 employees …