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APSRTC units in AP, TS in financial crunch - ABN

Mon, Nov 10, 2014, 03:05 PM
The Andhra Pradesh State Road Transport and TSRTC are incurring heavy losses in their states respectively. Total losses have so far reached over Rs 2,625 crore in AP and Rs 2,109 crore in Telangana. APSRTC used many funds of the employees and refused to pay the DA and other allowances to the employees.Till now, both the governments have not even mentioned about APSRTC in their budgets.The two organisations have also spent away interest worth Rs. 300 crore which came in from private banks.
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