• Download mobile app
17 Jan 2019, Edition - 1283, Thursday

Trending Now

  • Justice Dinesh Maheswari, Justice Sanjiv Khanna will be sworn in as SC judges on Friday
  • Isro launches UNNATI to train foreign personnel
  • NGT directs Volkswagen to give an undertaking and deposit money by 5 pm Friday
  • Ex-BCCI president N Srinivasan lashes out at CoA
  • Body of one of 15 trapped Meghalaya miners found by naval divers
  • Mayawati’s MBA nephew enters frame, sparks speculation in BSP circles
  • Leopard takes away 3-year-old girl from mother’s lap in Bengal

Tamilnadu News

Bus fare hike was inevitable, says TN CM

Covai Post Network

Chennai: Chief Minister Edappadi K Palaniswami has said the bus fare hike was inevitable as the State-run transport corporations were in financial crisis.

He told reporters here today along with Deputy Chief Minister O Panneerselvam that the opposition was instigating protests across the State. He also pointed out that the previous DMK regime acquired loans to the tune of Rs 3,392 crore in transport corporations.
‘Other States such as Kerala and Karnataka gradually hiked fares, but we have not been doing that. We increase rates on a long term basis and the employees get a pay hike once in three years. We see transport as a service and not to make profits. Even after the recent price hike, we will be facing a loss of Rs 4 crore daily. Diesel and spare parts prices have become higher,” he said.

Compared to other States, Tamil Nadu had a huge fleet of buses, nearly 22,000, while Andhra Pradesh had 11,000, Kerala 6,000 and Karnataka 8,000. During the DMK regime, the price of diesel was Rs 43.10 and now it was Rs 67.23, he said.

Also, the government on Sunday reduced the fare hike by maximum extent possible, he added.

Subscribe To Our Newsletter

COIMBATORE WEATHER