Special Correspondent KOCHI
The Kerala High Court on Tuesday observed that the State government should conduct a proper audit of all assets of the Kerala State Road Transport Corporation (KSRTC) and the constructions made by the Kerala Transport Development Finance Corporation (KTDFC) on the land of the KSRTC and verify where the problems of the corporation were heading.
Justice Devan Ramachandran made the observation when writ petitions against the delay in payment of salaries to the KSRTC staff came up for hearing.
The court observed that the KSRTC had a large area under it on which several buildings, offices, shopping centres and so on had been constructed.
However, there was no indication why these assets were not being put to full use or why enough profits were not being generated. A proper audit of all assets should be done because a substantial share of the liability of the corporation appeared to have been created on account of such construction, the court observed.
‘Act in unison’
The court also observed that unless the profitability of the corporation was increased, its future would be bleak. Unless all the stakeholders act in unison, it would be impossible to find resources to pay off the recurring liabilities of the KSRTC.
The court directed the KSRTC to ensure that every bus which was capable of being put to operation was deployed and that schedule as far as possible was increased to reach the targeted ticket collection of ₹8 crore a day, which alone appeared to be the method of keeping the KSRTC afloat at this point of time.
During the hearing on the petition, the government pleader submitted that the government had no intention to close down the KSRTC or make it a government department. It wanted the Corporation
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