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The Hindu
The Hindu
National
The Hindu Bureau

Govt. sanctions ₹30 crore more as assistance to KSRTC

KSRTC the Kerala State Road Transport Corporation KN Balagopal

The State government has approved the release of ₹30 crore more as assistance to the Kerala State Road Transport Corporation (KSRTC).

In November, the government had sanctioned ₹120 crore and the total assistance provided to the corporation stood at ₹1,264 crore in the past nine months, Finance Minister K.N. Balagopal said on Monday.

The allocation in the State Budget was ₹900 crore but the government was forced to prop up the ailing public utility that had been struggling to meet the salary and pension liabilities.

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