THIRUVANANTHAPURAM: Minister KN Balagopal announced that the government has allocated Rs 30 crore as monthly assistance to KSRTC. The amount will be credited within two days. Rs 39 crore is required to pay the first installment of salary for December. This will be distributed within January 15.
In December, despite a revenue of Rs 240.48 crore, the delay in salary drew criticism. Officials say that the overdraft and loan repayments taken for salary disbursements in the previous months have upset the financial situation. The information of last month's income and expenditure was handed over to the employee organizations.
Last month too, the government had given assistance of Rs 121 crore. The government has disbursed Rs 1,380 crore within nine months. Rs 900 crore has been allocated in this year's budget. The second Pinarayi government gave Rs 5,084 crore and the first Pinarayi government gave Rs 4,936 crore.