27 June Monday
No goverment affidavit denies government's liability to resolve the crisis.

KSRTC Pension Arrears Will Be Paid Soon - CM

Web DeskUpdated: Tuesday Jan 30, 2018

Thiruvananthapuram > Chief Minister Pinarayi Vijayan has said that the state government will seek immediate measures to ensure that the pension dues of retired KSRTC employees are paid soon. The financial crisis of Kerala State Road Transport Corporation is a result of expenditure exceeding income. Such crises had emerged during the tenure of the previous UDF Govt. as well. KSRTC is accounted for an accumulated loss of 7966 Crore rupees. Unlike the UDF governments, this government is keen to adopt definite measures to resolve the crisis and secure KSRTC as part of the social service sector – he said in response to an adjournment motion notice moved by the opposition in legislative assembly.

The government is liable to assist KSRTC to overcome the present crisis. The opposition’s allegation that the government had denied this in an affidavit on a Public Interest Litigation is factually incorrect as the16th and 17th paragraphs of the same affidavit says:

‘It is submitted that in order to overcome the crisis, financial restructuring of loans availed by KSRTC is being processed by Government completion of which it is expected that KSRTC can overcome the financial crisis, enabling to clear the monthly retirement arrears.

As stated above, all possible steps are being taken by Government to assist KSRTC to overcome the present financial crisis.’