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22 Oct 2018, Edition - 1196, Monday

FLASH NEWS:

  • PMO summons CBI Chief and Special Director
  • Asthana, who is number two in the CBI’s hierarchy, has been booked in a bribery case by the agency in Moin Qureshi graft probe
  • Supreme court will take the decision on the hearing of 19 review Petition in Sabarimala case tomorrow
  • PIL has been submitted for CBI inquiry in Amritsar incident, approval awaited
  • Earthquake of magnitude 3.0 hit Himachal Pradesh’s Kinnaur at 9:11 am today
  • My government fixing one family’s mistakes, giving credit to leaders like Bose: PM Modi
  • CBI chief trying to frame me, special director Rakesh Asthana wrote to CVC
  • Government plans exam to recruit 6,000 judges for lower courts
  • Petrol pump owners are on a 24-hour strike in New Delhi

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.

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