Hubballi: The accumulated
of North West Karnataka Road Transport Corporation (NWKRTC) is pegged at Rs 882 crore and the state government owes it Rs 751 crore as reimbursement towards various kinds of free passes, said
chairman V S Patil here on Monday.
âThe accumulated loss has peaked due to increasing annual
. The loss for 2018-19 stood at Rs 89 crore. After assuming office of the financially stressed corporation I understand that we need to script a turnaround story with the help of the government and corporation staff,â he added.
Stating that unless the large-hearted help of the state government it would be hard to bring the corporation on track, Patil said a proposal for Rs 200 crore special grants would be submitted soon. Simultaneously, steps would be taken to plug pilferages, streamline operations and increase efficiency of men and machines, he said.
âSince the fiscal condition is tight, the corporation has not remitted funds towards social benefit schemes of employees such as ESIC and EPF, not extended facilities like leave encashment, bonus and other financial benefits for the last five years. The corporation owes around Rs 422 crore to these schemes and employee benefits,â Patil said.
When asked about creating a new corporation for Hubballi-Dharwad urban bus service, Patil said the board would decide against any such proposal. âAfter the implementation of BRTS bus service, the corporation is incurring a loss of Rs 1 crore per month. But it is still a new project the corporation is hopeful of recovering its losses in the coming months,â he added.
âWhen Jagadish Shettar was the chief minister, he had exempted the corporation from paying Motor Vehicle Tax for five years, which helped reduce operational losses. As the sunset clause for exemption is over, the corporation has once again come under stress. We will appeal to chief minister B S Yediyurappa to continue the MV tax exemption,â he said.
Chief ministerâs political secretary Mohan Limbikai and other BJP leaders were present in the press conference.
âI am also a ticket aspirantâ
If disqualified MLA Shivaram Hebbar fails to contest the by-poll from Yallapur, I will seek the party ticket, said V S Patil. âIt is because of the sacrifice of Hebbar that our government came to existence. So Hebbar will be allowed to contest and also supported wholeheartedly. If the court ruling comes in the way his candidature, I am also an aspirant,â he said.
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State govt owes 751 crore to NWKRTC: Patil have 585 words, post on timesofindia.indiatimes.com at October 14, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.