Telangana: TSRTC hikes fare by 20 paise per kilometre to increase revenue
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New Delhi, Dec. 3 -- The Telangana State Road Transport Corporation (TSRTC) hiked its fares by Rs.0.20 paisa in an effort to decrease its daily operational losses, due to which it has been debt-ridden for many years. The fare increase came into effect from Tuesday, eight days after 48,000 plus TSRTC employees got back to work after a 52-day strike in October-November.
A senior TSRTC official, who did not want to be quoted, said that the latest fare hike of 20 paise per kilometre will help mitigate the TSRTC's daily operational loss of Rs.2 crore by about 50%. "The remaining loss will have to be dealt with internally by revenue maximisation and efficiency," he added.
The TSTRC employees had gone on strike from 5 October to 25 November as...
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