Hyderabad, Oct.18 (NSS): The TS RTC is incurring a loss of Rs.1200 crores every year. After Telangana State was formed, the salaries of RTC employees have gone up by 67 per cent, while the funds provided to RTC were hiked by 600 per cent. While a total of Rs.712 crores was given to the RTC from the Budgets from 2009-10 to 2013-14, after Telangana was formed , a total of Rs.4253.35 crores was given to RTC from 2014-15, till 26-9-2019. This may sound surprising, but it was a fact.
While the income of RTC was Rs.4,882 crores a year, the expenditure was Rs.5,811 crores. Rs.850 crore additional funds were given to RTC, over and above the amounts allocated in the Budgets.
These figures were highlighted today by a Telugu daily, Namasthe Telangana. The report asked whether it was proper for the employees to go on strike during festival season, which will fetch considerable revenue. It said that ultimately, it is the workers who will be put to losses. It said that while the private buses are running in profits, the RTC buses were running in losses.