The Maharashtra government has
announced Rs 1,000 crore financial package for the cash- strapped Maharashtra State Road Transport Corporation (MSRTC) for the next six months, minister Anil Parab said on Tuesday.
Addressing a press conference here, the state transport minister said Deputy Chief Minister Ajit Pawar made this announcement after a meeting with him and holding a discussion with Chief Minister Uddhav Thackeray.
Parab, who is the chairman of MSRTC, said this financial package will help the transport body get back track and will meet expenses such as salaries of employees and fuel costs for the next six months.
"The number of passengers (travelling by ST buses) is increasing by the day, and with the cooperation of staffers, the MSRTC's finances will be brought back on track. The problems will be resolved with the state's financial assistance," Parab said.
The transport body had suffered revenue losses of around Rs 3,000 crore during the COVID-19 lockdown period, Parab said, adding that this in turn resulted in pending salaries.
As announced a day before, the MSRTC has disbursed the pending salary of one month and festival advance to employees on Monday, and will pay pending salaries of remaining two months before Diwali.
"The state government has agreed to pay state transport employees pending salaries till October 30, before Diwali," Parab said.
MSRTC staff unions have claimed that two employees committed suicides at Jalgoan and Ratnagiri districts in the last two days, allegedly due to non-payment of salaries.
The minister, however, refuted media reports that the MSRTC had acted only after these suicides, and appealed to employees not to take any extreme steps.
The MSRTC is one of the biggest road transport undertakings of the county with a fleet of nearly 18,000 buses and around one lakh employees.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)