Finance department okays ₹50 crore for KSRTC

September 02, 2022 08:15 pm | Updated 08:15 pm IST - THIRUVANANTHAPURAM

The Finance department on Friday sanctioned ₹50 crore as emergency assistance to the Kerala State Road Transport Corporation (KSRTC).

On Thursday, Finance Minister K.N. Balagopal had informed the State Legislative Assembly that the government would release the sum to the cash-strapped transport utility in view of Onam. Earlier, the government had appealed and obtained a stay against a High Court single bench order directing it to pay ₹103 crore to the KSRTC to disburse salaries.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.