{"id":6546,"date":"2024-06-14T02:38:24","date_gmt":"2024-06-14T02:38:24","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=6546"},"modified":"2024-06-14T02:38:24","modified_gmt":"2024-06-14T02:38:24","slug":"karnataka-govt-likely-to-grant-road-transport-corporations-diesel-subsidy","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-govt-likely-to-grant-road-transport-corporations-diesel-subsidy\/","title":{"rendered":"Karnataka govt likely to grant road transport corporations diesel subsidy"},"content":{"rendered":"

TheKarnataka<\/u>government is likely to forgo its share of taxes on diesel for all four state-run road transport corporations (RTCs) to bail them out of their financial problems.<\/p>\n

At present, the four RTCs together spend a whopping Rs 11.5 crore daily to purchase around 13 lakh litres of diesel. They can save over Rs 1.5 crore a day if the waives its share of taxes.
The daily diesel payout would have been more than Rs 15 crore if RTCs went for bulk purchase, as there is a gap of almost Rs 35 a litre between retail and bulk prices. As a result, RTCs have been buying diesel from retailers recently.<\/p>\n

Realising the urgent need for addressing the financial needs of these corporations, whose collective losses are touching Rs 5,000 crore, the government has set up a panel under retired Ias<\/a> officer MR Srinivas Murthy to suggest reforms to make the RTCs not only self-reliant but also profitable. The committee is expected to submit its report in a few weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"

TheKarnatakagovernment is likely to forgo its share of taxes on diesel for all four state-run road transport corporations (RTCs) to bail them out of their financial problems. At present, the four RTCs together spend a whopping Rs 11.5 crore daily to purchase around 13 lakh litres of diesel. They can save over Rs 1.5 crore … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1098],"tags":[688],"class_list":["post-6546","post","type-post","status-publish","format-standard","hentry","category-karnataka","tag-06-07-22"],"yoast_head":"\nKarnataka govt likely to grant road transport corporations diesel subsidy - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/karnataka-govt-likely-to-grant-road-transport-corporations-diesel-subsidy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karnataka govt likely to grant road transport corporations diesel subsidy\" \/>\n<meta property=\"og:description\" content=\"TheKarnatakagovernment is likely to forgo its share of taxes on diesel for all four state-run road transport corporations (RTCs) to bail them out of their financial problems. 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At present, the four RTCs together spend a whopping Rs 11.5 crore daily to purchase around 13 lakh litres of diesel. They can save over Rs 1.5 crore ... 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