Within a week of the telangana government announced a steep increase in the fares of its Road Transport Corporation (RTC) bus services, the andhra pradesh government has also followed the suit. minister for Information and Public Relations perni nani on saturday announced an increase of 20 paise per kilometer for all the district services and 10 paise for Palle Velugu (rural services) and city buses.
The State government will very soon announce from when this hike will be effective. The government says the hike is imminent as APSRTC accumulated losses to the tune of Rs 6,735 crore. The corporation has a debt burden to the extent of Rs 2,995 crore, besides outstanding payments of around Rs 3,740 crore. Moreover, the huge burden due to an increase in diesel prices also led to more problems.
However, the Opposition parties allege that the congress PARTY' target='_blank' title='ysr congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>ysr congress government is offloading the losses due to the merger of rtc into the government on to the people with this price hike. tdp says that rtc has registered operating profits under Chandrababu Naidu's rule. Let us see how the government responds to this allegation.