Ailing KSRTC to Get Rs 250 crore

Published: 22nd August 2014 07:07 AM  |   Last Updated: 22nd August 2014 07:07 AM   |  A+A-

THIRUVANANTHAPURAM: Bringing some relief to the crisis-ridden KSRTC, the state Cabinet on Thursday sanctioned around Rs 250 crore for the Corporation - including Rs 52.27 crore from Plan fund and Rs 200 crore from the Capital Expenditure head.

The government also decided to stand guarantor to KSRTC for taking a loan of Rs 300 crore to meet other requirements.  However, the much-touted KSRTC revival package for meeting pension requirements of thousands of KSRTC pensioners were not discussed. Speaking after a special cabinet meeting on Thursday, Chief Minister Oommen Chandy said that the pensioners’ issues were not discussed during Thursday’s cabinet meeting.

 As a financial assistance to KSRTC, the government has decided to allot Rs 52.27 crore form the Plan fund. It has also been decided to release Rs 200 crore to KSRTC under the Capital Expenditure head for buying new buses. Asked about the revival package, Chandy said it has not been discussed. “It was not discussed. Now the financial assistance is being given as part of temporary measures and for buying buses,” Chandy said.

 With this, the KSRTC pensioners who were eagerly waiting for the government to take a final decision, have once again been left in the lurch.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now


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 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 are those of the comment writers alone. They do not represent the views or opinions of 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. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp