KSRTC bankrupt?
Karnataka State Road Transport Corporation( KSRTC), one of the most prestigious in the country, is on the verge of bankruptcy. It is unable to pay salaries to its employees.
In the wake of failure to pay provident fund contribution to employees, p. F . The board has issued a notice.
Embarrassed by this, the transport corporation is mortgaging its property and paying the contribution. Now the property of Shantinagar bus stand at a prominent place in Bengaluru has been mortgaged to a private firm and the proceeds are pf. Used to pay contributions.
The main reason for this situation of the transport corporation is the costly oil price. In line with this, the government has refused to approve the proposal to increase the fare. The prices of essential commodities have already gone up and if the travel fare is increased in the meantime, the government will be able to…
