KSRTC, one of the largest bus corporations in India, has proposed increasing bus fares by 25-30% due to rising maintenance costs and the state government's decision to allow women to travel free on buses. The corporation is facing financial strain with a 50% increase in diesel prices and a 20% increase in employee salaries. The government, which normally provides grants to support KSRTC, has not done so since the announcement of the Shakti scheme. Transport minister Ramalinga Reddy has confirmed receiving the proposal and stated the government's approval is expected.
KSRTC Proposes Significant Bus Fare Hike Amidst Financial Crisis
The Karnataka State Road Transport Corporation (KSRTC), one of India's largest bus corporations, has recently proposed a substantial bus fare increase of 25-30%. This move stems from a combination of rising maintenance costs and the state government's decision to implement free bus travel for women.
Background:
KSRTC is a vital public transport system in Karnataka, operating over 8,500 buses across the state. However, in recent years, the corporation has been facing severe financial strain due to various factors.
Causes of Financial Strain:
Proposed Fare Hike:
To address these financial challenges, KSRTC has proposed a 25-30% bus fare hike. This increase would apply to all bus categories, including ordinary, express, and air-conditioned buses.
Government's Response:
Transport Minister Ramalinga Reddy has confirmed receiving the proposal and stated that the government's approval is expected. However, the government has also expressed concern about the impact of the fare hike on commuters.
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