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The Hindu

National

Special Correspondent

Kerala government to provide ₹50 crore to cash-strapped KSRTC

KSRTC K N Balagopal Assembly

The State government will give ₹50 crore to the cash-strapped Kerala State Road Transport Corporation (KSRTC) in connection with Onam, Finance Minister K. N. Balagopal informed the Assembly on Thursday.

Mr. Balagopal made the announcement while replying to a discussion on the Kerala Fiscal Responsibility (Amendment) Bill, 2022 in the House.

(On Wednesday, a High Court Division Bench had stayed an earlier single-bench order asking the State government to pay ₹103 crore to the KSRTC to disburse salaries. The order came on an appeal by the government against the single-bench decision.)

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