The TRS government led by KCR, keeping its promise of helping the Telangana State Road Transport Corporation(TSRTC) to come out of the financial crisis, has allocated a total of Rs 3,000 crore for the corporation in the 2021-22 State budget.
“TSRTC is critical for public transport system. For various reasons, TSRTC has been incurring losses. The government, however, has been extending a helping hand to the corporation from time to time to ensure better transport facilities for the people.
The hike in prices of petrol and diesel and increase in the cess by the Central Government has further burdened the RTC which is already in financial stress,” Finance Minister T Harish Rao said in his budget speech in the State Assembly on Thursday.
KCR the CM was very keen that the TSRTC must make a turnaround and earn profits. For that, the state Government would help it in every manner. True to his promise an amount of Rs 3000 crore has been earmarked in the Budget.
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