New Delhi, March 25 -- Once known as the lifeline of the national capital, Delhi Transport Corporation (DTC) is tottering due to financial woes caused by spate of freebies and operational mismanagement. Its cumulative losses have nearly doubled from Rs 25,300 Crore in 2015-16 to Rs 60,750 crore in 2021-22, as per a report of Comptroller and Auditor General (CAG) on functioning of Delhi Transport Corporation for the year ended March 31, 2022.
Delhi Chief Minister Rekha Gupta tabled the report on the functioning of the DTC for the year ending March 31, 2022, in the Budget session. The report highlighted that the public transporter had not prepared any Business Plan or Perspective Plan, nor signed any MoU with the state government to set phys...