Karnataka transport corporations face ₹8,000 crore combined loss
Karnataka’s four State-run transport corporations are facing combined losses of about ₹8,000 crore and struggling to pay salaries, Transport Minister Byrathi Suresh told the Legislative Council. The minister disclosed the figures during proceedings.
Karnataka’s four State-run transport corporations are collectively facing losses of around ₹8,000 crore, Transport Minister Byrathi Suresh told the Legislative Council, The Hindu reports. Suresh also said the corporations were struggling to pay salaries. The figure covers all four State-run transport corporations in Karnataka, according to the report.
The supplied material does not identify the individual corporations, explain the causes of the losses or say how long the financial difficulties have continued. It also does not provide details of any government plan to address the deficit or ensure salary payments. The minister’s remarks establish the scale of the reported losses and the immediate payroll problem.
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