Kollam/T’Puram: The public transport run by the Kerala government, Kerala State Transport Corporation (KSRTC) is aching for a breathing space for the last few years as the Corporation has been befuddled with colossal debt.
At the same time, the Kerala Transport Development Finance Corporation Ltd, (KTDFC) which was formed to help KSRTC with Rs 10 crore capital, has grown big all these years with crores of return eating up the wealth of Corporation.
KSRTC alone owns a debt of Rs 1308 crore to the KTDFC with many of the documents of the depots are under their possession. The Corporation uses collections from 23 depots to return the debts. The employees of the Corporation were denied with salary and other benefits.
News: Mathrubhumi TV
