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23 Apr 2018, Edition - 1014, Monday

FLASH NEWS:

  • PM Modi is slated to meet Chinese President Xi Jinping during a summit in China’s Wuhan city
  • Former UPA Minister Kapil Sibal addresses the media on the impeachment motion, says ‘Dismissal of motion illegal’
  • Paris suspect Abdeslam guilty over Brussels shootout: Court
  • BJP faces protest in Mysuru as Yeddyurappa’s son denied ticket
  • Rahul Gandhi breaks silence on impeachment bid, ‘Judicial Institutions being undermined’
  • Actor Salman Khan has filed a petition in the Supreme Court urging it to revoke an FIR filed against him in Rajasthan’s Churu district
  • TCS was the top gainer among Nifty50 stocks rising over 4 per cent
  • India China Wuhan Summit: PM Modi to visit China later this week, bilateral meet post Doklam standoff
  • Ahead of J&K Cabinet reshuffle, J&K BJP Ministers arrive in Delhi to meet Ram Madhav, Jitendra Singh, Netas likely to meet Amit Shah
  • Despite a warning from PM, BJP MP Bharat Singh stokes massive row, Neta attacks Christian Missions

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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