Andhra budget 2019: ‘Big-hearted’ government allots Rs 1,572 crore to RTC, Union thanks Jagan

Andhra Pradesh Road Transport Corporation's Employees Union general secretary Palisetty Damodhar said the losses of RTC stood at Rs 6,373 crores and staff strength is around 53,000.

Published: 13th July 2019 10:34 AM  |   Last Updated: 13th July 2019 11:30 AM   |  A+A-

Expressing happiness over the budgetary allocation, APSRTC Employees Union EU general secretary Palisetty Damodhar thanked Chief Minister YS Jagan Mohan Reddy.

Expressing happiness over the budgetary allocation, APSRTC Employees Union EU general secretary Palisetty Damodhar thanked Chief Minister YS Jagan Mohan Reddy.

By Express News Service

VIJAYAWADA: Lending a helping hand to the debt-ridden AP State Road Transport Corporation (APSRTC), Finance Minister Buggana Rajendranath Reddy allotted Rs 1,572 crore in the budget. The budget allocation includes loan assistance for purchasing new buses, reimbursement of concessions and other needs.

Of the total Rs 1,572 crore, Rs 1,000 crore is for the initial payment to the bus manufactures, Rs 500 crore for assistance towards reimbursement of concessions extended to various categories of citizens, Rs 50 crore for immediate purchase of buses and Rs 22 crore for other needs.

Expressing happiness over the budgetary allocation, APSRTC Employees Union (EU) general secretary Palisetty Damodhar thanked Chief Minister YS Jagan Mohan Reddy and appealed to him to support the Corporation in the future also by merging APSRTC with the government.

He also said the losses of RTC stood at Rs 6,373 crores and staff strength is around 53,000. “Bighearted government allotted Rs 1,572 crore to the RTC. With the increase of diesel prices, the corporation will face more losses. Instead of supporting the Corporation, previous Telugu Desam government utterly failed and diverted the funds meant to employees,” Damodhar said.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

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