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Friday
November 2020
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News Headlines
End of an era: Argentina football legend Diego Maradona dies        Greg Barclay elected ICC's Independent Chair        Have great respect for Indian bowlers but our batsmen have seen them a lot: Langer        Rupee rises 6 paise to 73.95 against US dollar in early trade        Biden seeks swift Cabinet votes, but GOP Senate stays silent        As virus cases spike, financial outlook for world's airlines dims        Nivar makes landfall, weakens into severe cyclonic storm        Senior Congress leader Ahmed Patel passes away at 71        India's COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079        Left Govt moves ahead with projects having no central clearances: Chennithala        Kerala Cabinet decides to approach Governor to repeal new ordinance        Kerala reports 5,420 new COVID cases, 5,149 recoveries: CM        Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today        UP okays ordinance against conversion for marriage, violators face up to 10 yrs in jail        Govts have to work as team to ensure vaccination drive is smooth, sustained: PM Modi        ICC nominates Kohli, Ashwin for Men''s Player of the Decade Award        Rohit, Ishant to miss first two Australia Tests, also doubtful for remaining two: BCCI source        India''s home series against England to feature four Tests instead of five        Odisha pay the penalty as Hyderabad keep first-ever clean sheet        Looking at India squad, Surya could have been there: Brian Lara        
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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.


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India will give ''prachand jawab'' if it is tested: PM at Longewala Post
Kodiyeri Balakrishnan steps aside as CPI(M) secretary in Kerala
FM announces measures on Atma Nirbhar Bharat 3.0
Family-run parties biggest threat to India's democracy: Modi
Edge of seat contest unfolds in Bihar with NDA likely to have wafer thin majority
Customs quizzes Kerala Minister over import of Quran by UAE consulate Adds minister''s reax,details
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KERALA NEWS
Left Govt moves ahead with projects having no central clearances: Chennithala
 Thiruvananthapuram: Opposition leader in Kerala Assembly Ramesh Chennithala on Tuesday alleged that  
Kerala reports 5,420 new COVID cases, 5,149 recoveries: CM
Ker FM hits out at ED over reported probe against KIIFB; Opp says he has "something to hide"
Kerala adds 5,294 fresh COVID-19 cases; Active cases 65,856
INTERNATIONAL NEWS
Biden seeks swift Cabinet votes, but GOP Senate stays silent
 Washington: As President-elect Joe Biden started rolling out his administrative team, one voice has
As virus cases spike, financial outlook for world's airlines dims
Biden's first Cabinet picks expected Tuesday amid roadblocks
Hong Kong's Joshua Wong to plead guilty to protest charges
NATIONAL NEWS
Nivar makes landfall, weakens into severe cyclonic storm
 Chennai: Very severe cyclonic storm Nivar made landfall near Puducherry in the early hours of Thursd
Senior Congress leader Ahmed Patel passes away at 71
India's COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079
Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today
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