Karnataka cabinet approves 15% hike in bus fares for 4 RTCs from 5th Jan
The karnataka cabinet on january 2 increased the bus fares of the four nation shipping organizations which include KSRTC and BMTC via 15%.
the brand new fares will come into impact from january 5.
The fare hike comes amid escalating operational charges and massive revenue gaps.
The previous fare revision throughout all 4 state-run companies - KSRTC, BMTC, KKRTC, NWKRTC - was implemented 10 years in the past.
KSRTC alone has suffered losses up to Rs 295 crore inside the remaining three months.
resources said that this changed into in particular due to the implementation of the shakti scheme announced by means of the Siddaramaiah-led congress authorities which offers loose bus travel to girls.
They said that the proposed fare hike turned into also driven by means of a surge in fuel fees and the improved cost of automobile components.
that is the primary fare hike for the karnataka nation road transport enterprise (KSRTC), the North Western road delivery employer (NWKRTC) and the Kalyana karnataka road delivery organisation (KKRTC) considering 2020 and for the Bengaluru Metropolitan shipping business enterprise (BMTC) because 2014.
The fare hike will raise the 4 RTCs' monthly revenue with the aid of Rs seventy four.eighty five crore, Patil said. He claimed that even after the fare hike, bus price ticket costs in karnataka might be decrease than those in Andhra Pradesh, telangana and Maharashtra.
The fare hike fulfills one of the major demands of the rtc employees, who had threatened to launch an indefinite strike on december 31 however deferred it later. it'll additionally drastically raise the government's expenditure on the shakti scheme, which permits loose journey on non-premium buses for women of karnataka homestead.