A brand new Bus Stand, in a very wrong new place!
By Dr. K. Javeed Nayeem
Two days ago, I read in the front page of the SOM that the State Cabinet has approved the proposal to build a new bus stand over a 16-acre area at Bannimantap in Mysuru, at an estimated cost of Rs. 120 crore.
Yes, a mere Rs. 120 crore may seem like peanuts to our government, although the financial state of affairs of our KSRTC has an altogether different story to tell.
Let’s note here that our four KSRTC divisions together are in debt to a tune of a whopping 6,000 crore rupees as on Dec. 31, 2024. Our State government plans to bail them out by standing surety for a Rs. 2,000 crore loan they propose to raise from financial institutions, just to pay the Provident Fund dues of their employees and the diesel bills that are still unpaid. The reasons for this sad mess are anyone’s guess and so I shall not dilate on them here.
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