The Kerala State Road Transport Corporation (KSRTC) is on the verge of closure, thanks to the neglect on the part of the Kerala government towards the State-owned transport utility, Leader of the Opposition V.D. Satheesan has said.
Most of the operational schedule of the buses of the corporation had been cancelled, he said in Kochi on Sunday. The corporation was unable to pay the salary and pension. While the State government handed over the profit-making routes to the new company, KSRTC-SWIFT, the corporation was handed down the non-profitable sectors for operation, he said.
The State government could not run away from the responsibility of the crisis in the corporation. The government failed to bail out the corporation from the crisis, he alleged.
