Diesel Price fall Panel to Study Impact

Published: 19th December 2014 06:10 AM  |   Last Updated: 19th December 2014 06:10 AM   |  A+A-

THIRUVANANTHAPURAM:Transport Minister Thiruvanchoor  Radhakrishnan has said that the government  had asked the Justice Ramachandran commission to study the impact of the fall in prices of diesel.

Addressing a news conference here,  he said it was the Ramchandran commission that recommended the fare hike based on the diesel prices at Rs 57 per litre. Though the diesel prices had not come down to that level yet, the  Government had asked the commission to study the impact.

He, however, said KSRTC is currently getting  a benefit of Rs 16.5 lakh per day  following the fall in the diesel prices.But of this, Rs 9 crore has been set apart  for providing free season ticket to  around 1.30 lakh students.

He said that the KSRTC social security and Cess on passenger Bill would help KSRTC to generate Rs 164 crore  a year.  With this, as per the Supreme court directive 10 percent of the  KSRTC income from ticket sales has already been there for the pension fund. Together it will make a Rs 284 crore for the  Pension fund. He said the New Bill would be providing for giving personal accident insurance cover of Rs 5 lakh to the KSRTC passengers. The Minister said a consortium of nationed banks would be formed to  take over KSRTC loan availed from KTDFC which has pushed the corporation to a crisis.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp