It also selected Hyderabad-based Netxcell Limited as a software solution provider and Bengaluru-based Strategic Outsourcing India Pvt Ltd as a business facilitator, but the service is yet to see the light of day. The only profit-making transport undertaking was the Devaraj Urs Truck Terminals Limited. Of the two, Gescom recorded profits since the 2018-19 fiscal, which is not sufficient to overcome the overall losses. A master cardiac and health check-up will now be mandatory for employees above the age of 40 every year. List of bus depots in Karnataka KSRTC has reported a revenue loss of almost Rs 70 lakh, a day after November 8 when demonetisation was announced. } It has converted two deluxe buses into sleepers, with 16 berths each and stationed at Munnar depot for tourists. During the Karthika Jatra of Male Mahadeshwara Hills, a revenue of Rs 75 lakh was recorded. Website Designed, Developed & Maintained by Express Network Private Ltd. Now we are on Telegram too. All four road transport corporations (RTCs) are among the 18 government undertakings that are under loss, according to data from the Commerce and Industries department. $(document).ready(function() { Kerala RTC MD and Transport We have resumed the night services on long-distance routes like Bengaluru, Mysuru, Belagavi and Ballari at 7pm. { In Short Under 'Digital KSRTC' initiative, KSRTC has out with a solution to make buying tickets easier. } Redundant posts can be eliminated, it suggested. I'm not a career director: Konkona on 'Lust Stories 2', Hanuman official mascot of Asian Athletics Championship, Ants too set budgets when facing uncertain future, Two more cheetahs released in Kuno, count rises to 12, Twitters vs Threads: Musk hits 'Zuck' below the belt, Threads hits 100 million users in record 5 days, Why Chinas young people are not getting married, India's 'remarkable' fight against poverty. The corporation undertook a route rationalisation exercise and cut down hundreds of schedules which were considered to be excess. if(timer1 == "Just now"){ On Friday, KSRTC chairman K Gopala Poojary said the corporation has managed to achieve this turnaround despite an increase in operational costs.The transport utility had in 2015-16 announced a profit of Rs 50.95 crore, but its fortunes dipped last year when it ended up with a total loss of Rs 177 crore at the end of the financial year. Bail out loss-making road transport corporations: Workers' federation The Bureau also reported that despite the number of profit-making units remaining the same (50), their cumulative profit slid to Rs 513.79 crore from Rs 883.7 crore. Watch, Yashasvi Jaiswal scores maiden Test century, Rohit Sharma gets 10th ton as India dominate West Indies in 1st Test, Relief in sight for Delhi as Yamuna water level dips in Hathnikund Barrage, Youth dragged by dumper truck in road rage incident; dies 2 days later, Biden says hes serious about pursuing prisoner exchange for WSJ reporter held in Russia, Why YouTube savvy preacher Amogh Lila Das has been banned by ISKCON for a month, Pune leaders bag important ministries in cabinet reshuffle; Ajit Pawar gets Finance, Bitcoin nears 13-month high as investors welcome Ripple ruling, With Finance, Ajit Pawar laughs all the way to the bank, the penny drops for Shinde Sena, TMCs Abhishek Banerjee attacks Calcutta HC over protection from arrest for Opposition leader Adhikari. $(".daysago1181528619169").addClass("mpp-red"); Decongesting city: Private buses profit from KSRTC's absence Hence, if luxury buses get permit exemption, private bus owners will take over the monopoly of these bus routes from public transport corporations. Kerala turns to Karnataka to drive KSRTC profit. $(document).ready(function() { It reported a profit of Rs 146.41 crore. KSRTC loses 3 crore in Mysuru over staff strike Thus, if private luxury buses get permit exemption, most of the public transport corporations will face severe financial crisis in future. KSRTC Official Website for Online Bus Ticket Booking They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. We still have confusion over the calculation of loss. Major Bus Stations - Telephone Numbers KSRTC Call Centre (24/7) Contact Number: 080-26252625 Passengers can contact Call Center for all Enquiry/Grievances/Refund Issues on KSRTC services, the Call Centre will function 24 hours. Welcome to KSRTC | 9449596666; Sign In | Screen Reader Access; A+ A A-SC | HC; English | . While those achieving the fuel limit goal are rewarded. The science behind avoiding non-veg and alcohol in Shrawan month, 2 Indian dishes in the list of Best vegetarian dishes in the world. In November 2019, the corporation had reported a loss of Rs 75 lakh. |A+AA-. The present MD Shivayogi Kalasad was unavailable for comments. $(".daysago31978511857").addClass("mpp-red"); loss: 180.87: Total 1426.49; Last updated date 01-11-2019 03:15 AM. Cashless Karnataka gets ready to swipe card while on the move The two loss-making undertakings under the Energy department are Hubli Electricity Supply Company (Hescom) and Gulbarga Electricity Supply Company (Gescom). The Kerala State Road Transport Corporation (KSRTC) came last with a loss of Rs 1,976.03 crore during the assessment period. On Thursday, employees of the. Administrative departments concerned with these undertakings are continuously working to improve their prospects, Industries Minister Jagadish Shettar said in his response. The firms suggested Namma Cargo as the name for the project, but it has not been finalised yet. This is where the model of public transport service of the neighbouring state Karnataka stands relevant to Kerala for increasing revenue. $(document).ready(function() { Today, the state can boast of state-of-the-art two Data Centers, MPLS technology based Karnataka State Wide Area Network and core applications such as e-procurement and HRMS groomed under CeG with cent percent performance quality and standards, even setting certain benchmarks. Karnataka: KSRTC fails to explore non-fare revenue sources $(".daysago31978514586").addClass("mpp-red"); Of the 54 companies, the net worth of 34 PSEs was (-) Rs 17,912.56 crore against equity investment of Rs 9,095.51 crore. The Federation has reiterated its demand that they be considered as government employees. It has 24,000 buses under four corporations. RTI . In its list of suggestions to the committee appointed by the state government to reform the road transport corporations, the Federation said that even prior to the pandemic, the BMTC and NWKRTC were not regularly remitting the EPF contributions deducted out of the salary of workers including Employers contribution to the KSRTC Employees Contributory Provident Fund (ECPF) Trust. The suspension of KSRTC bus services for nearly two months in Vijayapura district has caused heavy monetary loss to the transport corporation. A verification email has been sent to your inbox. In 2018-19 alone, APSRTC earned Rs 72 crore from cargo services. We have achieved this profit at a time when no other state transport undertaking has managed to declare a profit, he said. Most of the corporations are operating services in non-profitable bus routes also in order to meet the public demand. //console.log(timer1); The CAG also pointed out that the 13 inactive government companies have an investment of Rs 607.78 crore towards capital (Rs 160.21 crore) and long-term loans (Rs 447.57 crore). AA. $(document).ready(function() { }); India has embarked on a tumultuous 2023 on Click on Get News Alerts to get the latest news alerts from. There was a move to change the bus-staff ratio from 1:2.75 to 1:8 which met stiff resistance. $(".daysago31978304053").html(timer1); There are 34 state-run public sector enterprises (PSE) whose net worth is "completely eroded" due to accumulated losses, the Comptroller & Auditor General (CAG) said in its report tabled in the Karnataka Assembly on Tuesday. }); Apr 27, 2023 if(timer1 != false) The report also points to the failure in the implementation of Ecologically Fragile Lands (EFL) Act. What do IMD's colour-coded weather warnings mean? About Us | Privacy Policy | //console.log(timer1); . }); Jun 6, 2023 Powered by hocalwire.com, AAP demands public release of water data from Hathinikund, Brave Youth Captures Leopard with bare hands, Sitharaman, RBI Governor to co-chair G20 FMCBG meet in Gandhinagar, Delhi HC directs MEA to circulate SOP for repatriating mortal remains of Indians dying abroad, Run JNNURM buses on rural routes, Transport officials have become puppets of Private operators-DYFI, Enhancing Security Measures at Vidhana Soudha Police Crack Down on Expired Passes and Counterfeit IDs, 3 children died due to water-logging in Mukundpur, Kharge, Priyanka to participate in Maun Satyagrah in Delhi, Codavas Appeal for the Restoration of Cultural Identity and Religious Rights. Bengaluru: Netizens fume over Karnataka losing KSRTC tag to Kerala BENGALURU:AFTER declaring a loss of Rs 138.50 crore till February 2017, the Karnataka State Road Transport Corporation (KSRTC) is set to declare a profit this year. The Monthly passes are valid for travel along with Identity card issued by KSRTC. There are a total of60 enterprises of the state government. Will explore legal options, says Karnataka as Kerala claims exclusive RTCs among 18 loss-making govt undertakings in state KSRTC Mangaluru divisional controller S N Aruna said the division has been operating 90-110 buses everyday after the lockdown was eased. //console.log(timer1); It has 24,000 buses under four corporations. The Corporation currently having 19430 employees operates 3998 schedules with 4531 vehicles 13.82 lakh km per day carrying 12.31 lakh passengers. Losses of four RTCs in Karnataka touch Rs 4540 crores Rs 429.58 crore was the total profit generated from PSUs in . Try to avoid outside hyperlinks inside the comment. The loss has now increased to Rs 5.30 crore with an additional 468 routes cancelled. However, the overall revenue of Karnataka State Road Transport Corporation (KSRTC) has shot up since. According to the CAG report, as on March 2022, there were 54 PSEs with accumulated losses of Rs 37,893.24 crore as per their latest finalised accounts. $(document).ready(function() { On the contrary, Kerala is 26th in the list but takes no action to overcome the loss. In fact, the town-to-town services are the major contributors to the revenue. if(timer1 == "Just now"){ Apart from that, inputs to raise revenue, methods to reduce fuel usage and other issues are discussed in those sessions. Government of Karnataka. English News KSRTC vs KSRTC: Why Kerala fails where Karnataka succeeds With free rides hurting the company, KSRTC is not even making enough money to pay their employees The company's expense of Rs 270.75 crore per month towers over the monthly income of Rs 169.60 crore Meanwhile, KSRTC (Karnataka) earns around Rs 150 crore in profits every year 68 murdered in Maliana, all accused acquitted 36 years later, residents ask: So who killed our families? He is an Assistant Editor with The Times of India, Mangaluru. "The service of the people is important for the two corporations. 5,00,000/ - and a plaque. Tools Karnataka State Road Transport Corporation, abbreviated and better known as KSRTC is a state-owned public road transport company in the Indian state of Karnataka. Karnataka has 125 PSEs - six statutory corporations and 119 government companies (including 13 that are inactive). As a result, the passenger traffic was high. KSRTC Official Website for Online Bus Ticket Booking - KSRTC.in } Rash behaviour will invoke disciplinary action. He said there is good response to its services on new routs in rural areas. KSRTC divisional controller B Srinivasa told The Hans India that 460 of the total 509 fleet of buses in the division are being operated currently. Bengaluru: Last month, during the launch of the Shakti scheme that provides women with free travel on public transport buses, there were fears about the scheme causing loss of revenue to the government, transport corporations, economy and so on. var timer1 = show_time_difdate('1676174862509'); $(".daysago31978316475").addClass("mpp-red"); File Photo of KSRTC Mangaluru depot during lockdown. Similar in name only; Kerala RTC far behind Karnataka in revenue, profit $(document).ready(function() { Feb 21, 2023 Published: 18th March 2020 06:57 AM| The division was operating nearly 560 buses everyday prior to the lockdown. MySugar, according to a reply in Legislative Council to a question by CongressmemberM Narayanaswamy, was paying salaries to its employees by selling off the sugar stock in the factory. A senior KSRTC official said the parcel and courier service will be launched in two months. Follow us for updates, Wrestlers protest: Delhi Police seeks cancellation of case filed by minor against WFI chief, No lungis and nighties: Greater Noida societys bizarre diktat, Saurabh Bharadwaj files police complaint alleging conspiracy by officer YVVJ Rajasekhar, Cyclone Biparjoy: Gujarat braces forlandfall this evening;NDRF teams deployed for rescue ops. $(document).ready(function() { $(".daysago31978493873").addClass("mpp-red"); } The maintenance cost of the entire segment amounts to Rs16 crore per month. Only 2 public transport corporations turn profitable, 43 in crisis and Puttur divisions of KSRTC in Dakshina Kannada district have suffered losses to the tune of Rs 86 crore in revenue during April and May due to lockdown. It is wholly owned by the Government of Karnataka. Karnataka or Kerala are working towards the interests and service of the public without resorting to profit or competition. The Karnataka State Road Transport Corporation ( Karnataka SRTC or KSRTC) is a state-owned public road transport corporation in the Indian state of Karnataka. Uttar Pradesh SRTC collected a profit of Rs 17.97 cr while Punjab State Bus Management Company earned Rs 8.16 cr as profit. About Us | Privacy Policy | if(timer1 != false) We have also decided to introduce some employee-friendly measures. The KSRTC Staff and Workers' Federation has demanded that the State government come to the aid of the loss-making road transport corporations (RTCs) in the State. Earlier this month, aiming to increase KSRTC's revenue generation by around Rs 25 crore every month, proposed a single duty system that would increase employee earnings, reduce long-distance driving strain and bring down accidents. The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards. He is the winner of Ramnath Goenka Excellence in Journalism award (2015) for his reporting on civic issues in Chennai. Passes & Concession - Karnataka State Road Transport Corporation He worked in TOI Chennai (2011-2016) before moving to The New Indian Express, Bengaluru in 2016. //console.log(timer1); $(".daysago31978316475").html(timer1); Expenses incurred by other RTCs such as North East Karnataka RTC, North West Karnataka RTC and Bangalore Metropolitan Road Transport Corporation were Rs 178.49 crore, Rs 46 crore and Rs 73.20 crore, respectively. } By continuing to use our site, you accept our use of cookies, revised Privacy Policy. We make your life simpler with Express UPSC Key. } For reprint rights: Times Syndication Service. He said there were a lot of festivities in the month including Diwali, Kartika Masam, marriages, housewarming ceremonies. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Similarly, Sarige buses are also plying on distant routes, he added. Photo-Identity cards valid for one year are issued by KSRTC by . MSRTC, APSRTC, UPSRTC, Karnataka RTC, North East Karnataka RTC, Rajasthan SRTC, Punjab Roadways and Odisha SRTC are listed in the loss-making transport corporations. While the Mangaluru division lost Rs 54 crore in those two months, the Puttur division lost about Rs 32 crore. $(".daysago1181528619259").addClass("mpp-red"); } if(timer1 != false) One of the suggestions by the Federation is to merge the RTCs thereby bringing down the administration costs. KSRTC Official Website for Online Bus Ticket Booking - KSRTC.in $(".daysago1181528619209").html(timer1); Insurance Scheme: An internal insurance scheme called KSRTC Employees Family Welfare Scheme with contribution from both employee and the employer is introduced which provides a compensation of Rs.3 lakhs to the dependent of the employee who die while in service. if(timer1 != false) Bengaluru: Kerala RTC is reeling under financial crisis and knocking all possible doors for help to survive from the mounting debts. The daily collection also dropped to Rs 50 lakhs, said Srinivasa. Home Along with the rapid progress of Karnataka in all spheres of activity,KSRTC has emerged as the best organisation in meeting the aspirations of Kannadigas and the people of neighbouring states of Karnataka. Thiruvananthapuram: When the centre is mulling permit exemption to luxury buses, public transport corporations in the country are facing a huge financial crisis. } Its ride was not smooth for a year and a half because of lockdown, Covid second wave and staff strike. has also started a venture bus-trucks for transportation of vegetables, fruits and essential commodities. $(".daysago31978496952").addClass("mpp-red"); After Kerala gets the trademark for 'KSRTC', Karnataka to explore legal Also, Karnataka RTC is the top revenue grabber public transportation service provider among the south Indian states. Disclaimer : We respect your thoughts and views! var timer1 = show_time_difdate('1682605490032'); Most of the commercial buildings are in Bengalurus Majestic bus stand. to set up 30 fuel outlets on its land across the state. It is also inviting entrepreneurs to sell items and open restaurants/food trucks on these discarded buses. Karnataka SRTC is better organised and has showcased better operation efficiency since the late 90s. Parcel, courier and cargo services launched by Andhra Pradesh State Road Transport Corporation and Telangana State Road Transport Corporation are a hit. if(timer1 != false) } Vipin Vijayan. One board of management will enhance the efficiency of the organisation. KSRTC Puttur divisional controller Nagendra told TOI that the division has not yet calculated the actual loss of profit. All rights reserved. Among the 26 state road transport corporations, Karnataka is in first position in terms of revenue and profit. . } KSRTC set to declare profit after last year's losses - The New Indian if(timer1 != false) The total monthly expenses of the beleaguered road transport corporations stood at Rs 619.3 crore, with the Karnataka State Road Transport Corporation (KSRTC) footing a Rs 321-crore bill every. The CAG found that PSEs are not adhering to the prescribed timeline on submitting their financial statements as per the Companies Act. The total monthly expenses of the beleaguered road transport corporations stood at Rs 619.3 crore, with the Karnataka State Road Transport Corporation (KSRTC) footing a Rs 321-crore bill every month. The Kerala State Electricity Board (KSEB) fared well among PSUs in the state reporting a profit of 140.42 crores, while the Kerala State Beverages Corporation made an annual profit worth 123.54 crores. $(".daysago31978304053").addClass("mpp-red"); Custom Search Sort by: Relevance Relevance . Mahesh Babu's 11-year-old daughter Sitara is a rising star! KSRTC records show it suffered a loss of Rs 134 crore in 2018-19 compared to a profit of Rs 4.5 crore in 2017-18. People in Karnataka will be able to swipe their debit or credit cards at KSRTC counters to book tickets. 34 K'taka PSEs, including KSRTC, BMTC'worth nothing'. //console.log(timer1); The 34 PSEs include four Escoms (Bescom, Hescom, CESC and Gescom), four transport utilities (KSRTC, BMTC, NWKRTC and KKRTC), Lidkar, MySugar, Karnataka Pulpwood Limited, KSTDC among others. KSRTC records show it suffered a loss of Rs 134 crore in 2018-19 compared to a profit of Rs 4.5 crore in 2017-18 BENGALURU: While Karnataka State Road Transport Corporation is reeling under financial crisis, it is yet to explore non-ticketing revenue to reduce losses. Not only the revenue from the building, but also revenue from advertisements placed on the buildings add to Karnataka RTCs kitty. Terms of Use |, Home | Nation | World | Cities | Business | Columns | Entertainment | Sport | Magazine | The Sunday Standard. Karnataka Assembly Election 2023 { It has recorded a profit of Rs 10.29 crore till February 2018 a figure which could increase by as much as Rs 5 crore by the end of the financial year, according to officials. Deccan Herald News now on Telegram - Click here to subscribe, Follow us on Facebook | Twitter | Dailymotion | YouTube, Love-struck Pak woman says will prefer to die in India, Upset over adding tomatoes to food, wife leaves husband, SRK unveils new poster of 'Jawan'; reacts to bald look, Saina Nehwal pays obeisance at Amarnath cave Shrine, Studies show direct link between unemployment & suicide, Bihar BJP leader dies after lathi charge. Help us delete comments that do not follow these guidelines. $(".daysago31978327071").addClass("mpp-red"); is reeling under financial crisis, it is yet to explore non-ticketing revenue to reduce losses. //console.log(timer1); $(".daysago31978511857").html(timer1); About Us - Kalyana Karnataka Road Transport Corporation The net worth of 34 PSEs is "either zero or negative", the CAG said in its State Finance Audit Report for the financial year ended March 2022. KSRTC loses Rs 86 crore during lockdown in Dakshina Kannada In addition, the corporation will reimburse the costs of artificial organs and also bear the cost of operations for those injured while on duty.For KSRTC stations in the city, in Ramnagara and Mandya, the maintainence of the bus stations, urinals and toilets will now be taken over by Sulabh International. BENGALURU: Heavy rain and landslides in Karnataka and Kerala are burning a hole in the Karnataka State Road Transport Corporation ()'s revenue.Sources said KSRTC incurred a loss of Rs 89.3 lakh . In November 2019, the corporation had reported a loss of Rs . $(".daysago31978327071").html(timer1); $(".daysago31978329835").html(timer1); Friendly behaviour: The employees have been given stringent orders to ensure a cordial environment for the commuters. { Home - Karnataka State Road Transport Corporation Cable TV operator booked for death by electrocution of 2 staffers in Kothrud, Icon of the Seas, worlds largest cruise ship, called monstrosity before setting sail, Rahul Roy expresses gratitude to Salman Khan for clearing hospital bill after he suffered brain stroke: People say he is this or that, but he is, Faced with 6,500 bounced cheques, MSEDC appeals for online payment of bills, India to consider new drugs bill to regulate imports, manufacturing, Chandrayaan 3: From SS Rajamouli, Mahesh Babu to Akshay Kumar and Ajay Devgn, celebrities celebrate ISROs successful launch, Assam flood situation worsens, over 67,000 people in 17 districts affected, FYJC admissions in Maharashtra cross 50% mark in Round 3 of Centralised Admission Process, King Charles and Queen Camillas coronation outfits to go on display at Buckingham Palace, UPSC Key- 14 July, 2023: What you should read in the news today, Ramnath Goenka Excellence in Journalism Awards, Statutory provisions on reporting (sexual offenses), This website follows the DNPAs code of conduct. Officials said the daily revenue continued to increase as more and more students have started using buses as schools and colleges have started. Those employees operating on both within the state and inter-state routes are given awareness sessions regularly. 15 dead as heavy rains lash southwest China, AP CM Jagan lays stone for revival of Chittoor Dairy, Downpour likely to continue for 2 more days in Andhra Pradesh, Big relief for Sattenapalli residents from stench in AP, '2018' director Jude Anthany Joseph sets next project with Lyca Productions, The Morning Standard | Dinamani | Kannada Prabha | Samakalika Malayalam | Cinema Express | Indulgexpress | Edex Live | Events Xpress, Contact Us | Even after the second wave ebbed, the occupancy rate in buses dropped significantly for two to three months. BENGALURU: The Karnataka State Road Transport Corporation (KSRTC) and the Bangalore Metropolitan Transport Corporation (BMTC) are now experiencing a revenue loss of crores due to the. var timer1 = show_time_difdate('1682654629525'); BENGALURU: The Karnataka State Road Transport Corporation (KSRTC) and the Bangalore Metropolitan Transport Corporation (BMTC) are now experiencing a revenue loss of crores due to the coronavirus outbreak. For each route a certain fuel limit has been fixed and non-compliance evokes disciplinary action. This helped it achieve the profit despite increased costs, Poojary said. Kerala and Karnataka Tussle Over the 'KSRTC' Mark - Spicyip KSRTC tops the list of 58 loss-making PSUs in Kerala 2023 The Printers (Mysore) Private Ltd. Agreement reached for using India's UPI in France: PM, Modi govt plans 21 new Bills during Monsoon Session, ICC announces equal prize money for men and women teams, 72% districts at high flood risk, warning system in 25%, Working with Microsoft to grasp Chinese email hack: UK, 4 children drown in pond in Rajasthan while taking bath, Russia may quit grain deal if demands not met: Putin, B'luru twin murder: Cops pick up broadband firm owner, Involved in road rage in Bengaluru? if(timer1 != false) Website Designed, Developed & Maintained by Express Network Private Ltd. Now we are on Telegram too. Preparing for UPSC and other competitive exams? The views expressed in comments published on newindianexpress.com are those of the comment writers alone. Kerala RTC uses junked buses to sell veggies. The transport corporations were able to manage expenses on their own till the Covid-19 lockdown. All rights reserved. The committee headed by former IAS officer MR Sreenivasa Murthy will submit the report to the government later this month. newindianexpress.com reserves the right to take any or all comments down at any time.
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