India, June 24 -- Transport minister Pratap Sarnaik on Monday released a white paper on the financial situation of the troubled Maharashtra State Road Transport Corporation (MSRTC) which provides subsidised public transport, especially in rural areas across the state. The paper showed that MSRTC's accumulated losses for five decades stand at Rs.10,322.32 crore, while dues towards employees' provident fund and gratuity are Rs.3,297.65 crore. MSRTC has sought a grant of Rs.3,600 crore from the state government, with Sarnaik emphasising that reviving the body was impossible without the government's financial assistance.

In a review meeting in May, the minister had expressed concern over an estimated loss of Rs.3,191 crore in a deal to acqui...