28
Thursday
January 2021
4:35 AM IST
News Headlines
Unlucky Kerala shares spoil with Jamshedpur        England team lands in Chennai, Indians arrive in batches for first two tests        Israel military revising operational plans against Iran        France's Sanofi to boost Pfizer vaccine supply amid EU shortages        Hero MotoCorp to commence its operations in Mexico soon        GHIAL to raise US $300 Mn through bond issue for Hyderabad airport expansion        Cabinet approves MSP of Copra for 2021 season        Rajnath speaks to his US counterpart, the two NSAs also talk, Indo-US ties to deepen further        RJD should cancel it's proposed human chain in view of Republic Day violence: Sushil        Two farmer unions withdraw from protest against farm laws        One million COVID-19 vaccine doses administered in India in just 6 days: Health ministry        England near Sri Lanka's 1st innings total after Root's 186        Srikanth resumes training after BAI gets mandatory quarantine time reduced        Melbourne century very special as it was crucial for series victory, says Rahane        FinMin allocates Rs 660 cr additional funds to MP for capex        Markets may remain volatile in holiday-shortened week: Analysts        US condemns Russia's use of harsh tactics against protesters, journalists        Egypt says it has launched vaccination against coronavirus        Qureshi says Pakistan ready to work with new US administration        MP government trying to crush farmers' voice: Kamal Nath        
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Main News
Govt announces financial package for rejuvenation of KSRTC
 
Thiruvananthapuram: In an effort to revive the debt ridden Kerala State Road Transport Corporation, Chief Minister Pinarayi Vijayan on Monday announced a new financial assistance package. Pointing out that the condition of KSRTC, post COVID-19, was precarious, he said the government was once again preparing a new package for reviving KSRTC. During the last two years, the corporation was given Rs 1,000 crore each year. The financial assistance provided by the government in the current year will be more than Rs 2,000 crore. So far, the LDF government has provided a total of Rs 4,160 crore to KSRTC as against Rs 1,220 crore during the five years of the previous UDF government, Vijayan told reporters.

Yet there has been criticism from many quarters of the government''s "negligence,"he said. The Chief Minister said the state government would protect the public sector and expand it. "KSRTC will be revived and as part of the new package, some of the long-standing needs of the workers will be addressed," he added. An amount of Rs 255 crore would be released on an emergency basis to settle salary recovery arrears and medical reimbursement of KSRTC employees, pending since 2016. As an interim relief for pay revision pending since 2012, an amount of Rs 1,500 per month will be paid to all permanent employees, he said.

Negotiations for salary revision would begin as part of the package. Empanelled employees will not be laid off, but instead be employed by a new subsidiary company of KSRTC, SWIFT, which would run the premium services,he said. The interest of Rs 961 crore to be paid by KSRTC to the Government will be waived. The loan of Rs 3,194 crore will be converted into shares. The government would take the initiative of negotiating with the Bank consortium for a new loan package, Vijayan said.

The CM also said that the new package would be discussed in detail with trade unions and be finalised as soon as possible in consultation with the management in an effort to protect KSRTC.


Two farmer unions withdraw from protest against farm laws
One million COVID-19 vaccine doses administered in India in just 6 days: Health ministry
Over 300 Twitter handles generated from Pak to disrupt farmers' tractor rally: Delhi Police
Strong India following Netaji's footsteps, from LOC to LAC: PM
5 dead in Serum Institute fire; Covishield facility unaffected
Joe Biden, Kamala Harris sworn in as US President & Vice President
COVID-19: India records 10,064 new cases, lowest in over seven months
Proposed tractor rally on Jan 26: It's law & order matter, says SC on plea for injunction against it
Farmer unions say they will go ahead with tractor march in Delhi on Republic Day
PM launches India's vaccination drive against COVID-19
LDF govt presents welfare oriented budget; oppn questions exercise before election
CM Oppn blasts Kerala CM on gold smuggling case in assembly
US House impeaches President Donald Trump for ''incitement of insurrection'' at Capitol
SC rejects Centre''s vehement plea not to stay farm laws, says it''s not powerless
SC raps Centre over prolonged impasse with protesting farmers, indicates it may stay implementation of farm laws
Bird flu confirmed in 7 states; test results of Delhi, Maharashtra samples awaited
COVID-19 vaccination to start in India on Jan 16; 3 cr healthcare, frontline workers to get shots first
Govt-farmers meeting ends; Next round of talks likely on Jan 15
SC seeks response of Centre on PIL against three farm laws
Trump supporters enter US Capitol in massive breach of security
KERALA NEWS
Fire in luggage van of running train doused in time in Kerala
 Thiruvananthapuram: A fire broke out in a luggage van of a running train in Kerala on Sunday and was  
Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries
5,960 new COVID-19 cases, 27 deaths in Kerala
Kerala transport corporation MD alleges Rs 100-crore scam
INTERNATIONAL NEWS
Israel military revising operational plans against Iran
 Tel Aviv: A senior general of the Israel Army on Wednesday warned that the attack plans against Iran
France's Sanofi to boost Pfizer vaccine supply amid EU shortages
US condemns Russia's use of harsh tactics against protesters, journalists
Egypt says it has launched vaccination against coronavirus
NATIONAL NEWS
Cabinet approves MSP of Copra for 2021 season
 New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on We
Rajnath speaks to his US counterpart, the two NSAs also talk, Indo-US ties to deepen further
RJD should cancel it's proposed human chain in view of Republic Day violence: Sushil
MP government trying to crush farmers' voice: Kamal Nath
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