THIRUVANANTHAPURAM: KSRTC may disburse the first installment of last month's salary on Monday. They have Rs 16 crores received as revenue. The remaining amount will be taken as overdraft. Rs 36 crores is required for half salary. The second installment can be distributed only after receiving government assistance.
On August 26, KSRTC sent a letter to the Finance Department through the Transport Department requesting a financial assistance of Rs 80 crore for salaries, but no amount was sanctioned. Salary for July was paid on 23rd August. Rs 76 crores were needed as employment tax and dies non had to be reduced. Rs 70 crore provided by the government was mainly relied upon for salary distribution.