Cash-strapped BMTC gets Rs 100 crore subsidy from govt


Team Udayavani, Dec 7, 2018, 12:18 PM IST

Bengaluru: In a breather for the cash-strapped BMTC, the state government on Wednesday finally released the Rs 100-crore subsidy, as was announced in its state budget. The transport corporation will utilise the money to clear the dues of its employees as well as to revamp its ageing fleet.

With Namma Metro and ride-hailing cabs becoming extensively popular among commuters, issues of decreasing ridership, revenues and increased fuel prices have been dragging the BMTC into losses year on year. Moreover, its recent proposal to increase fares was rejected by the government.

According to a BMTC official, the corporation had to clear medical reimbursement bills, dues to retired employees and to the next of kin of employees who died in service. In the year 2017-18 BMTC witnessed 38 deaths of employees and 127 retirements, and it has to clear Rs 65 lakh as dues to various hospitals. The corporation also has to clear dues related to student bus passes, he informed.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Chennai: Woman with sleepwalking disorder throws 43 sovereigns of gold in ATM dustbin

TV anchor seeks urgent hearing in SC on plea against FIRs lodged for doctored Rahul Gandhi video

Alt News co-founder Zubair moves SC for bail

Sania bids adieu to Wimbledon with semifinal loss in mixed doubles

Yakshagana artiste Bellare Vishwanath Rai no more

Bantwal: Harassed by son, daughter-in-law, elderly woman rescued by senior citizen committee

Dilip Ghosh’s ‘unsavoury’ comments against Mamata triggers row, TMC demands action against BJP leader


Related Articles More

M’luru: Bookchor’s ‘LockTheBox Mini ’ from July 7-10 at Ladies Club

M’luru: Baby girl born with teeth

Yakshagana artiste Bellare Vishwanath Rai no more

Bantwal: Harassed by son, daughter-in-law, elderly woman rescued by senior citizen committee

Shops, push carts set ablaze in violent clash at Bagalkot; Sec 144 imposed till Fri, holiday for schools, colleges

MUST WATCH

Rivers entered the temple premises!

Chandrashekhar guruji case : accused arrested

NEWS BULLETIN 05-07-2022

Heavy Rain : Huge Rock fall in road at madikeri

Land Slide Karnataka Kerala Road Close


Latest Additions

PM Modi to speak at first Arun Jaitley memorial lecture

Amazon Prime Video announces blockbuster entertainment for Prime Day 2022

Amravati pharmacist might be killed by gang ‘self inspired’ from ISIS: Officials

M’luru: Bookchor’s ‘LockTheBox Mini ’ from July 7-10 at Ladies Club

Maha CM Shinde takes charge at Mantralaya; Bal Thackeray, Dighe’s photos in his office

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.