Chief Minister K. Chandrasekhar Rao has ridiculed those who are raising suspicion over the merger of the Telangana State Road Transport Corporation (TSRTC) with the government, citing his reluctance to do so in the past.
Speaking in the Assembly on Sunday, he said that high diesel prices have become a bane for the agency as it consumes 6 lakh litres of diesel every day and due to the hike in fuel price over the last couple of years, it was incurring ₹2.5 crore loss per day. The corporation has made every possible effort to overcome the losses by improving its performance with ₹1,500 crore assistance by the government every year, he said.
During a recent meeting on the performance of RTC, all issues were discussed at length and it was found that overcoming the losses was difficult. However, since providing public transport was a social obligation of the government, TSRTC could not be shut down, and hence came the proposal to merge it with the government as the only solution.
