Bengaluru: Attention commuters. The Karnataka cabinet on Thursday decided to increase the bus fares in the state-owned transport corporations by 15 per cent. The state government took the decision in view of the substantial hike in operational costs such as increase in spending on fuel prices and staff, Karnataka Law and Parliamentary Affairs Minister H K Patil said.
Regarding the decision he said, “We discussed about hike between 13 per cent and 15 per cent and the cabinet arrived at a decision of 15 per cent looking at the prices prevailing in Andhra Pradesh, Telangana and Maharashtra. After the rise of 15 per cent, we will be lesser than any of these states.”
He added, “With the hike in bus fares across all the categories of bus services, neither the transport corporations will go bankrupt, nor government exchequer will go empty. Mind you, we are the best state in terms of managing finances.”
The Minister told reporters here that the decision will come into effect from January 5. The move is expected to generate Rs 74. 85 crore monthly and about Rs 784 crore annually.
“The cabinet has decided to revise the bus fare of the four state transport corporations -- KSRTC, NWKRTC, KKRTC and BMTC by 15 per cent,” he said.
According to Patil, the BMTC bus fares were increased on January 10, 2015 when the diesel prices were Rs 60.90 per litre.
“The daily diesel consumption was Rs 9.16 crore 10 years ago by the four corporations, which has now increased to Rs 13.21 crore. The expenditure on staff in these four corporations was Rs 12.95 crore daily, which has increased to Rs 18.36 crore daily. Hence the revision was necessary,” he said justifying the hike.
The Minister also underlined that 'Shakti' guarantee will continue. Shakti offers free ride for Karnataka women in state-owned non-luxury buses across the state.
In the current fiscal, Rs 5,015 crore has been earmarked for the 'Shakti' scheme, the Minister explained. Patil said, “Every month the state government is releasing Rs 417.92 crore grant to these four corporations. This will not be a burden on the state finance.”
Patil also said the state government has cleared all the provident fund dues to the tune of Rs 2,000 crore.
(With Inputs From PTI)
