Officials have submitted to Chief Minister Sri K. Chandrashekar Rao that TSRTC losses are continuing due to the increase in the price of diesel, lockdown imposed due to Corona Pandemic and a huge amount of pending dues. They explained that if the salaries of the TSRTC employees and staff are increased, there would be a heavy financial burden on the TSRTC. They made it clear that unless the government extends major financial assistance to the RTC and the ticket prices are raised, the financial burden of the RTC cannot be reduced.
The CM held a review meeting on Thursday at Pragathi Bhavan on the RTC. Transport Minister Sri Puvvada Ajaykumar, Chief Secretary Sri Somesh Kumar, Principal Secretary (Transport) Sri Sunil Sharma, Principal Secretary (Finance) Sri Ramakrishna Rao, Financial Advisor Sri Ramesh, Cargo Special Officer Sri Krishna Kanth, ED Sri Yadagiri and others attended. They have briefed the CM about the TSRTC situation.
“Last time when the ticket prices are increased the diesel price was Rs 67 per litre. But within a short time, the diesel price is increased by Rs 15 per litre. This had a very adverse impact on TSRTC and increased the financial burden. The TSRTC incurred losses due to the lockdown imposed due to the Corna virus pandemic. As of date, there is a heavy burden of dues. Under these circumstances, salaries of the employees in RTC are to be increased. If the salaries are increased then it would be more burden on the RTC. TSRTC is not in a position to bear that burden. Hence, the state government should extend more financial assistance. Bus fares should be increased. Unless these two measures are taken, RTC will not be able to come out of the crisis,” the Officials explained to the CM.
“However, compared to the past, TSRTC’s position is good now. With help from the state government and several measures taken in the RTC, there is a qualitative change in the RTC. Plying buses to AP has yielded a good result. The occupancy rate went upto 58 percent. This is gradually increasing. This is getting Rs 9 Crore profit every day. The situation will be much better in the days to come. But the increase in diesel rates is causing losses to the RTC. Losses incurred due to lockdown and dues are still a financial burden on the TSRTC,” they said.
CM congratulated the RTC officials, as the cargo services are successful in the TSRTC. The CM said through Cargo services the TSRTC transported 17.72 Lakh parcels to the destination and earned Rs 22.61 Crore to the TSRTC. The CM said that people are also happy with the Cargo services and congratulated Cargo services Special Officer Sri Krishna Kanth. The CM said that the people have developed faith that the parcels sent by TSRTC Cargo will reach the destination on time and safely. He said that delivering the parcels to house and to remote areas is laudable. The CM wanted TSRTC to serve people and passengers with the same spirit.