Salary distribution amid financial crisis: KSRTC to depend on govt

Representational image | Photo: Mathrubhumi

Thiruvanathapuram: The dilemma existed in the disbursal of KSRTC pensions prior to the pandemic affected the salary distribution too. Before lockdown, the management had contributed Rs 60 crore out of the total Rs 80 crore required for dispensing salaries. Amid the financial crunch, KSRTC depended for distributing pensions worth Rs 65 crore.

After meeting the expenses for diesel and loan repayment, KSRTC failed to raise fund to dispense salaries. Meanwhile, the government has informed KSRTC that it cannot grant over Rs 30 crore as financial assistance for salary disbursal. Even if the salaries are dispensed with the support of credits, the management has not sorted out a way to manage the salaries of the next month.

Liabilities of pension

(April 2020- July 2021)

Financial assistance from government- Rs 1131.74 crore

Retired staff- 41,000

Monthly pension- Rs 65 crore

Loan repayment for credit taken to dispense pensions- Rs 4.50 crore

Govt assistance for salary and pension

First term of Pinarayi governmentRs 4630.20 crore
Second term of Pinarayi government (from March 2021- till now)Rs 2037 crore

KSRTC's Income and expenditure in March

Revenue152 crore
ExpenseRs 293.50 crore
SalaryRs 96 crore
DieselRs 90 crore
PensionRs 65 crore
Loan repaymentRs 30 crore
Spare partsRs 6 crore
Compensation for accidentsRs 4 crore
Toll priceRs 2.5 crore
Difference between revenue and expenseRs 141.50 crore

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