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21 Jul 2018, Edition - 1103, Saturday

FLASH NEWS:

  • Chinese President Xi Jinping arrives in Africa on a four-nation visit seeking deeper military and economic ties
  • BJP conference on winning no-trust vote held by BJP leader G. V. L. Narasimha Rao
  • ‘This crime is unacceptable’, says Union Minister Mukhtar Abbas Naqvi on mob lynching incident in Alwar
  • Number of girls in IITs distressingly low, this needs to increase: President Ram Nath Kovind
  • PM Narendra Modi said the NDA had the ‘confidence of the Lok Sabha and the 125 crore people of India’
  • More than 500 DMK cadres were detained by police for showing black flag to Governor for conducting review meetings

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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