Saturday , December 3 2016
Home / News / Hyderabad / GHMC asked to reimburse Rs 138 cr to TSRTC

GHMC asked to reimburse Rs 138 cr to TSRTC

TSRTC-Bus-Strike

The Telangana government has favorably considered the proposal of the TSRTC Joint Managing Director in terms of the sub-section 30 of Section 112 of GHMC Act, 1955, and permitted the GHMC Commissioner & Special Officer to reimburse Rs 137.95 crore to Telangana State Road Transport Corporation towards the financial loss sustained in city Bus operations in the Greater Hyderabad City during the 2015-16 financial year up to September 2015.

The TSRTC Joint Managing Director stated that as per the recommendations accepted by the Cabinet Sub-Committee and the Chief Minister to support Telangana State Road Transport Corporation and to mitigate the loss sustained in Hyderabad City in its operations for the year 2014-15, the Greater Hyderabad Municipal Corporation was requested to reimburse such loss in city operations. (NSS)