State transport department in dire need of funds Transport Minister DC Thammanna has said that the state transport corporations BMTC, NEKRTC, and NWKRTC have run into annual losses worth Rs 600 crore, and a fare hike may be inevitable if operations are to be continued. The decreasing fuel efficiency (mileage) of buses caused by halting in congested, traffic-ridden roads and additional taxes for fuel have only added to the debt, the minister complained. In order to make profits and generate some revenue, a proposal for a 20% hike in bus fares has already been made. The matter is being considered by the…
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