News Karnataka
Monday, September 26 2022
Bengaluru

RTCs hit by Rs 4,540 Cr loses until March 2021

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Bengaluru: The four road transport corporations (RTC) has been hit by Rs. 4,540 Crore loss until March 2021 with dues owed to employees touching Rs. 1,717 Crore, said Staff and Workers’ Federation of Karnataka State Road Transport Corporation.

The four RTCs are Bangalore Metro Transport Corporation (BMTC), North Western Karnataka Road Transport Corporation (NWKRTC), Karnataka State Road Transport Corporation (KSRTC) and Kalyana Karnataka Road Transport Corporation (KKRTC). The committee appointed by the State Government had suggested to reform the road transport corporations, the Federation said and added even prior to the pandemic, the BMTC and NWKRTC were not regularly remitting the EPF contributions deducted out of the salary of workers including Employer’s contribution to the KSRTC Employees Contributory Provident Fund (ECPF) Trust.

“There used to be enormous delays in settling terminal benefits. Even now the situation has not improved much. The annual bonus is not paid as per Industrial settlements entered into between the parties. Now during the period of Covid – 19 pandemic, the situation has become worse, stated the Federation. It also suggested that the merging od RTCs which will bring down expenses.

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