Four State transport corporations facing ₹8,000 crore in losses, says Karnataka Minister

Karnataka’s four State-run transport corporations are collectively facing losses of around ₹8,000 crore and are struggling to pay salaries, Transport Minister Byrathi Suresh said in the Legislative Council on Thursday.

Responding to Congress member S. Ravi, who raised concerns over the difficulties faced by milk unions during a discussion on farmers’ issues, Mr. Suresh said the transport corporations had also been facing financial challenges.

Mr. Suresh said ticket fares in the Bengaluru Metropolitan Transport Corporation (BMTC), the Karnataka State Road Transport Corporation (KSRTC), the Kalyana Karnataka Road Transport Corporation (KKRTC), and the Karnataka State Road Transport Corporation’s north-western division (KSRTC-NW) had not been increased despite four hikes in diesel prices.