Kochi: KSRTC should enhance non-operational income to improve its finances, opined public sector Restructuring and Internal Audit Board (RIAB) former chairman M P Sukumaran Nair. In 2021-22, as many as 11 PSUs, including Roads and Bridges Development Corporation, Travancore Titanium Products, Travancore Cochin Chemicals and Beverages Corporation have escaped from financial losses. KSRTC (Kerala) has a long way to go to ensure its survival, and closely studying the Karnataka model of state transport will be a good start. The depots at Anayara, Enjakkal, Mundakkayam, Sasthamkotta and Irittty cannot be used due to high expenses. Therefore, KSRTC is thinking of laying off at least 5,000, some of whom are recent hires, as part of cost-cutting measures. KSRTC eyes this as an opportunity while vehicle owners expect they will get scrapping done at cheaper rates than private players. Website Designed, Developed & Maintained by Express Network Private Ltd. Now we are on Telegram too. WebKerala State Road Transport Corporation(KSRTC) It is one of the oldest state-run public bus transport services in India. On the other hand, Kerala RTC had a loss of 193.8 crore in 1989-90 financial year. The CSEZ Industries Association said that it would approach the court, seeking compensation for the loss.
Kerala According to reports, among 45 public transport corporations, only two are profitable. Instead of considering the places with commutation problem, the depots are set up in the locations suggested by the public representatives.
KSRTC tops the list of 58 loss-making PSUs in Kerala - Asianet KSRTC A KSRTC (Kerala state road transport corporation) bus was driving behind us. } } A lot of such schedules were scrapped in 2016 following an audit, but there were still lots of services that operate only a few days a year. The review report of PSUs tabled in the Assembly stated that the Kerala State Electricity Board has secured the highest profit worth Rs 736.27 crore in the last financial year.
Kerala var timer1 = show_time_difdate('1680845796621'); The concession to 12-hour duty timings by employees of the Kerala State Road Transport Corporation (KSRTC) reinforced a new reality in the state. View information. Even the accurate number of buses is available in Kerala RTC. if(timer1 != false) Various units have been ordered to stop the services that have been incurring losses. A KSRTC (Kerala state road transport corporation) bus was driving behind us. SWIFT not in loss, hike in profit, says KSRTC; If youve money, then pay salaries correctly, say social media - KERALA - SOCIAL MEDIA | Kerala Kaumudi Online
KSRTC The depots were started without conducting a feasibility study.
KSRTC Disclaimer : We respect your thoughts and views! 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. { As many as 91 per cent of the schedules were operated on double duty patterns while eight per cent of the staff clubbed three to six duties causing severe staff shortage and huge financial burden to the corporation. There was an additional borrowing of Rs 1,945 crore in September 2018, which aggravated the crisis.
KSRTC They also started 5 Volvo bus services to Kerala on March 26 and has won the Award of Excellence of the Union Ministry for Urban Development eight times in a row.
KSRTC $(".daysago31978450675").addClass("mpp-red"); Kerala Transport Minister Antony Raju issued a statement on Wednesday stating the KSRTC acronym and the elephant logo were finally declared to belong to Kerala. $(document).ready(function() { Karnataka has been trying to foster their business for the past two decades. $(".daysago31978720709").addClass("mpp-red"); Considering the revenue generated on the eve of the strike, KSRTC will incur a loss of nearly Rs 9 crore due to the strike. var timer1 = show_time_difdate('1680668555400'); The management has made it clear that there would not be any fresh appointments at least for the next five years. //console.log(timer1); Services which ply on loss-making routes will be handed over to the Grama Vandi project, which will be launched in collaboration with the local bodies. 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. Thiruvanthapuram: The Kerala State Road Transport Corporation (KSRTC) has registered a sharp fall in daily collection from Rs 5.5 crore to Rs 4.5 crore after the public transporter was forced to cancel many services following insufficient funds to purchase diesel. TNN / May 07, 2022, How can loss due to hartal be realized, asks high court . //console.log(timer1);
kerala ksrtc profit or loss The management should implement steps to improve the relationship with employees and cultivate a positive work culture, he said. Value our content contribute towards our growth. Even a small contribution a month would be of great help for us. Webmichigan certified assessing officer salary another eden morgana weapon another eden morgana weapon 9497722205. Representational Image | Photo: Mathrubhumi. Average daily income from a bus is Rs 13,000. var timer1 = show_time_difdate('1688535372989'); var timer1 = show_time_difdate('1689241114761'); The company's average expense of Rs 270.75 crore per month towers over the average monthly income of Rs 169.60 crore. var timer1 = show_time_difdate('1689241114761'); 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 | A strategic audit conducted by Shushil Khanna panel revealed the reasons for the poor performance of KSRTC compared to other STCs in South India. So the rented buses make a profit of Rs 7.57 every kilometre. } if(timer1 == "Just now"){ With e-commerce firms competing aggressively, KSRTC has got the tremendous opportunity as it operates services to the nook and cranny of the state, he said. On the other hand, Kerala RTC had a loss of 193.8 crore in 1989-90 financial year. }); SC holds ED director SK Mishra's extension Click on Get News Alerts to get the latest news alerts from. if(timer1 != false) For some time now, KSRTC has been relying heavily on the financial assistance of the Kerala government to help pay the salaries of its employees every month. Website Designed, Developed & Maintained by Express Network Private Ltd. Now we are on Telegram too. { The daily collection of the KSRTC comes in the range of Rs 5 crore to 6 crore. In fact, the private bus strike helped KSRTC earn more than Rs 1.5 crore per day through additional services. $(".daysago1181528727041").addClass("mpp-red"); Kerala Local News. Thiruvananthapuram: Transport Minister Antony Raju has expressed hope about the revival of KSRTC after examining major improvements in its revenue. if(timer1 != false) }); Feb 3, 2023 Terms of Use |, Home | Nation | World | Cities | Business | Columns | Entertainment | Sport | Magazine | The Sunday Standard. KSRTC in pursuit of profit, to launch 10 CNG buses at price of one CNG bus - KERALA - GENERAL | Kerala Kaumudi Online } var timer1 = show_time_difdate('1675387532557'); $(".daysago1181528720589").html(timer1); if(timer1 == "Just now"){ } Their 23,829 buses are making profit. }); Feb 3, 2023 Will explore legal options, says Karnataka as Kerala claims exclusive Icici Bank CHALAKUDY, TRISSUR BRANCH IFSC CODE & MICR CODE - KERALA Thus no state should make this matter a matter of
KSRTC Premium Videos Opinion Obit Web Stories E-Editions English Summary: KSEB ranks first in Kalikavu (Malappuram): KSRTC is incurring expense double than the income. if(timer1 != false) City services began with 108 low-floor buses. The KSRTC has started off with a 25 per cent discount on fare for its superclass services within the state on lean days - Tuesdays, Wednesdays and Thursdays - from the first week of November.
KSRTC mulls laying off staff, ending loss-making services } $(document).ready(function() { {
Kerala KSRTC { if(timer1 == "Just now"){ Loose work norms, idyllic work environment, archaic technology like hand painting of buses and poor inventory management were cited as reasons for low productivity. {
KSRTC trademark belongs to Kerala, Karnataka loses legal battle $(".daysago31978726977").addClass("mpp-red"); In this year, the KSRTC took loans to the tune of 260 crores from Kerala Transport Development Finance Corporation (KTDFC) on a government guarantee, which is the biggest lender to the corporation.
Kerala $(document).ready(function() { Launched on November 1, 2021, KSRTCs Budget Tourism celebrates its first anniversary with a record of completing over 2,500 trips and handling over 1.20 lakh passengers. $(".daysago1181528720585").addClass("mpp-red"); KOZHIKODE: Kerala Transport Minister AK Saseendran on Thursday said that the KSRTC is facing huge financial loss by operating services during the lockdown period. { The charge was first made by //console.log(timer1); At the same time it is the most loss making } }); Apr 5, 2023 Webcr.ksrtc@kerala.gov.in. bus fare. If these depots are merged with others and the staff reorganized, Rs 219.24 crore can be earned annually.
KSRTC loses Rs 86 crore during lockdown in Dakshina Kannada $(".daysago31978277050").html(timer1); The industry norm for private workshops was only 140 mandays. if(timer1 == "Just now"){ The Kerala State Road Transport Corporation (KSRTC), continues to be the top loss-making public sector undertaking (PSU), its losses amountsto whopping 508.22 crores. var timer1 = show_time_difdate('1689139482189'); A couple of employees rounded up and assaulted a man here for demanding fare concession card for his daughter. The Sushil Khanna panel, which conducted an exhaustive two-year study to understand the issues plaguing the corporation, has suggested changes in policies to transform KSRTC into a viable and profitable organisation. if(timer1 != false)
kerala ksrtc profit or loss if(timer1 != false) With the number of passengers dwindling amidst the pandemic, especially in the afternoons, there seems little hope of revival anytime soon. Then there are the little things, like keeping the buses clean and on time. 9. Active 60 years 6 months .
Kerala In August, the revenue In the 2019-20 fiscal, the top ten loss-incurring enterprises had contributed to 86.76% of the total losses. //console.log(timer1); //console.log(timer1); Their total loss in the 1989-90 financial year was Rs 194.4 crore, which they reduced to mere 0.2 percent of the revenue next year. But today the corporation is facing a huge crisis in its operation. Approximately 5000 buses are on road and more than 1400 buses are out of service. Some enterprising ones are starting their own businesses. A legislation has been proposed that would allow workers in Massachusetts on strike for over 30 days to receive unemployment benefits. How long will it run like this, questions the report. The employees were of the habit of clubbing the duty for two to six days to avail additional off. It has been a bagful of mixed experiences. var timer1 = show_time_difdate('1688194612286'); $(".daysago31978674303").html(timer1); Kerala; ksrtc; News. Save my name, email, and website in this browser for the next time I comment. } Recently, a rather dormant controversy has been refueled between the states of Karnataka and Kerala regarding the rights over the trademark KSRTC. Of the five zones, Kollam tops the list with 558 loss-making services followed by Ernakulam(436), Thiruvananthapuram(360), Kozhikode(289) and Thrissur(176). }); Jul 13, 2023 $(document).ready(function() { Only profitable services were resumed. In central Kerala, these services need at least Rs 7,200 to operate but we make a profit of only Rs 4,500-Rs 5,000 only, said M B Sathyan of Private Bus Operators Association. KSRTCs debt burden stood at Rs 3,144.35 crore in March 2016. { Does your adviser put his money where he tells you to? $(".daysago31978277071").html(timer1); var timer1 = show_time_difdate('1689243263932'); $(".daysago31978726977").html(timer1); File Photo of KSRTC Mangaluru depot during lockdown. The views expressed in comments published on newindianexpress.com are those of the comment writers alone. It has put forth a request to the state government to approve the layoffs. Jul 13, 2023 Manoj, KSRTC special officer. } The Supreme Court ruling on September 17 against providing subsidised diesel to bulk consumers has pushed the Kerala Road Transport Corporation (KSRTC) into a deep abyss. Kerala; India; World; of Rs 17.97 cr while Punjab State Bus Management Company earned Rs 8.16 cr as profit. By Express News Service. Thiruvananthapuram: The number of Public Sector Undertakings recording operational profits in Kerala have increased from 52 to 60 in the financial year of 2021-22 The loss of the KSRTC during the two-day strike is found to be Rs 6 crore. }); Click on Get News Alerts to get the latest news alerts from. While the fleet utilisation of APSRTC was 92.80 per cent, KSRTC was the worst performers with 83 per cent fleet utilisation. WebIn June, the KSRTCs revenue stood at 21.26 crore and the diesel expenses at 17.39 crore.
Kerala if(timer1 != false) //console.log(timer1); } Around 900 workers at a UK warehouse have announced a three-day Tata Consultancy Services (TCS), a major IT company in India, has experienced delays in onboarding several lateral hires. Web80 votes, 31 comments. Chief Minister Pinarayi Vijayan accepted the recommendation of Minister Antony Raju if(timer1 == "Just now"){ Profit & loss Statements, Ratios, Related party transactions, etc. { $(".daysago31978459138").addClass("mpp-red"); } This happened when a press statement was released by the office of Kerala Transport Minister Antony Raju stating that the Registrar of Trademarks had decided in their favour. The construction cost was taken as loan from the Kerala Transport Development Finance Corporation (KTDFC). } Its current stream is inadequate even to cover the direct operational expenses. } Their total loss in the 1989-90 financial year was Rs 194.4 crore, which they reduced to mere 0.2 percent of the revenue next year. All the comments will be moderated by the newindianexpress.com editorial. The Kerala State Road Transport Corporation (KSRTC) has been considering getting rid of excess staff from across departments, as it lacks the financial Webcr.ksrtc@kerala.gov.in. if(timer1 != false) $(document).ready(function() { }); Jul 1, 2023 But we need to be judicious while moderating your comments. if(timer1 == "Just now"){ newindianexpress.com reserves the right to take any or all comments down at any time. Karnataka RTC has a history of reducing their loss step by step. Useful Links. }
if(timer1 == "Just now"){ } : .. //console.log(timer1); New vehicles were introduced from time to time. The Kerala government is also planning to reinstate KSRTC services to how it was during pre-COVID times. Forty special buses conduct service in the other state routes where more number of passengers travel.
KSRTC to reduce loss-making trips to cut expenditure - The New For the ruling would incur for the perennially-bleeding Road Transport Undertaking (RTU) a monthly revenue deficit of Rs 25 crore to take its total monthly $(".daysago31978726977").addClass("mpp-red"); Last Updated: 15th March 2022 06:49 AM $(".daysago1181528726997").addClass("mpp-red"); Driver-cum-conductor system was implemented for the first time in the country. Meanwhile, the pension liabilities which amounted to around `500 crore per year and interest costs were spiralling. Since eight years, we have been serving the industry through daily news and stories. Among the 26 state road transport corporations, Karnataka is in first position in terms of revenue and profit. Thiruvananthapuram: The office of the Chairman and Managing Director (CMD) at the Kerala State Road Transport Corporation (KSRTC) chief office was besieged by a The daily loss of KSRTC is Rs These costs include pensions and salaries. This is recorded in the 1992 SHARE. The inefficiency of the workshops is obvious from the fact that 15 per cent of the buses remain off road, noted Sushil Khanna. All the comments will be moderated by the newindianexpress.com editorial. How satisfying has been your professional journey of 39 years? pre-covid. The sea bus service with three buses will be opened. The Kerala State Road Transport Corporation (KSRTC) as on Wednesday has earned record profit by running chain services between Pampa and Nilackal, said V.M.
27 Profitable The management said that the restructuring of depots will not affect the passengers. KSRTC is one of the age-old state-run transport corporations in India, with headquarters of Trivandrum KSRTC is one of the largest Public Sector Undertaking under the Government of Kerala having 5400 buses with an average daily operating and non-operating income of approx. Found the internet! KSRTC conduct 100 special services to Bengaluru alone. A major reason for the cancellation of schedules was the mismatch between demand and deployment of staff. by ; 2 November 2022; KSRTC loses Rs 86 crore during lockdown in Dakshina Kannada 400 and sell for Rs. $(".daysago1181528720589").addClass("mpp-red"); Taking to Facebook, KSRTC wrote, the propaganda that the KSRTC SWIFT buses operating in the Ernakulam-Kozhikode route are in loss, is completely baseless. { The KTDFC has given away 1,200 crores to the KSRTC so far. CTRL + SPACE for auto-complete. $(document).ready(function() { $(".daysago1181528727109").html(timer1); //console.log(timer1); The KSRTC Staff and Workers Federation Wednesday said that the four road transport corporations (RTCs) in Karnataka have collectively made losses of Rs 4,540 crore as on March 2021 with the dues owed to employees touching Rs 1,717.24 crore. Government is also keen to protect these corporation as a part of social responsibility.
KERALA } }); Apr 5, 2023 While the KSRTC topped the list with a loss of Rs 1,976.03 crore which was 30.08% of the total loss of SLPEs, KSEB came second with a loss of Rs 1,822.35 crore, Also KSTRC 's (Karnataka) plan to have free WiFi facility at 24 important bus stations has been been a huge hit and was availed by 35 lakh passengers. }
KSRTC mulls laying off staff, ending loss-making services KSRTC If the units are limited to bus station / bus operating centre, it is not likely to affect the passengers. The total loss of the 58 PSUs in the state amounts to 889 crores. if(timer1 != false) It failed to prevent expansion of private forests and to take over mangrove forests. Karnataka or Kerala are working towards the interests and service of the public without resorting to profit or competition. //console.log(timer1); var timer1 = show_time_difdate('1689054230884'); Thiruvananthapuram: Kerala State Road Transport Corporation (KSRTC) has gained a profit of Rs 89 crore this year by discarding the double duty system. But we need to be judicious while moderating your comments. } $(document).ready(function() { $(".daysago31978459138").html(timer1);
Will KSRTC lay off 5,000 to cut costs? - HR Katha WebRiding high on the recently inducted electric buses, the city circular bus service of the Kerala State Road Transport Corporation (KSRTC) has started registering profit. }); Chennai: Veteran singer Vani Jairam, who Click on Get News Alerts to get the latest news alerts from. Among them, KSRTC has recorded the highest loss of Rs 1787 crores. The The Kerala government and the KSRTC on Friday informed the Kerala High Court that 70 KSRTC buses were damaged in the hartal called by the Popular Front of India (PFI) and subsequent violence in the state. Karnataka RTC has a history of reducing their loss step by step. }); Jul 13, 2023 An automobile manufacturer has agreed to take up this work for Rs 4. } WebKSRTC has a workforce of about 34904 employees.
Houses For Rent Tampa, Fl,
Wake County Elementary Charter Schools,
Sam Houston Memorial Funeral Home Huntsville, Texas Obits,
San Jose To Manuel Antonio,
What Is Ircc Number Canada Visa,
Articles K