KSRTC suffers Rs 58 cr loss due to employees' strike

News Network

December 15, 2020

Bengaluru, Dec 15: Four corporations of the state-run Karnataka State Road Transport Corporation (KSRTC), services of which have returned to normal on Tuesday, has incurred a loss of Rs 53 Crore due to four-day protest launched by the employees demanding treatment on par with state government employees.

Deputy Chief Minister Laxman Savadi, who is also Minister for Transport submitted a report to Chief Minister BS Yediyurappa in this connection.

There are a total of 1.30 lakh employees in four Corporations. The KSRTC has over 6,000 buses and were earning about Rs 7 crore a day. Another Rs 20 crore loss to KSRTC due to the strike by the employees. Five thousand BMTC buses ply in Bangalore earning Rs 2.10 Crore per day. It is estimated that the BMTC suffered a loss of about Rs 7 crore due to the strike.

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‘Nothing for Karnataka’: DKS slams Union Budget, flags Bengaluru neglect

News Network

February 1,2026

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Sunday criticised the Union Budget presented by Finance Minister Nirmala Sitharaman, claiming it offered no tangible benefit to the state.

Though he said he was yet to study the budget in detail, Shivakumar asserted that Karnataka had gained little from it. “There is no benefit for our state from the central budget. I was observing it. They have now named a programme after Mahatma Gandhi, after repealing the MGNREGA Act that was named after him,” he said.

Speaking to reporters here, the Deputy Chief Minister demanded the restoration of MGNREGA, and made it clear that the newly enacted rural employment scheme — VB-G RAM G — which proposes a 60:40 fund-sharing formula between the Centre and the states, would not be implemented in Karnataka.

“I don’t see any major share for our state in this budget,” he added.

Shivakumar, who also holds charge of Bengaluru development, said there were high expectations for the city from the Union Budget. “The Prime Minister calls Bengaluru a ‘global city’, but what has the Centre done for it?” he asked.

He also drew attention to the problems faced by sugar factories, particularly those in the cooperative sector, alleging a lack of timely decisions and support from the central government.

Noting that the Centre has the authority to fix the minimum support price (MSP) for agricultural produce, Shivakumar said the Union government must take concrete steps to protect farmers’ interests.

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