'Priyadarshini' Private Buses Announce 65 Million Rupee Loss in One Month
Key Points
- 1. The 'Priyadarshini' private bus service in Kerala suffered a revenue loss of 65 crore Rupees in one month.
- 2. Due to insufficient passengers, the number of private bus trips in the region fell below 500.
- 3. Daily revenue per bus dropped from 16,000 Rupees to 10,000 Rupees.
- 4. The government set up a committee led by K. Padmakumar to investigate the situation.
By the Numbers
In the Kerala state of India, private bus services named 'Priyadarshini', offered as an economic alternative to KSRTC buses, faced a severe financial crisis. This system, which is a subsidized private bus service of the government, has suffered a heavy loss of profit since the day it was launched.
It has been reported that private bus operators experienced an income loss of approximately 65 crore (around 650 million) Rupees within just one month. The buses' refusal to accept standing passengers and the drop in the number of private trips to below 500 caused the routes to be inadequate.
A committee headed by K. Padmakumar was appointed to investigate these economic troubles. It is stated that the daily revenue of the buses, which previously generated an average of 16,000 Rupees per day, has currently dropped to 10,000 Rupees.
React to this story
Ask about this story
Answers are AI-generated from this story only.
Frequently Asked Questions
- Q: What is the 'Priyadarshini' bus service?
- A: It is a private bus service supported by the government, operating in addition to the public KSRTC buses in the Kerala state of India.
- Q: How much loss did the private bus operators incur?
- A: It has been reported that bus operators suffered a total revenue loss of 65 crore (650 million) Rupees in the one-month period following the launch of the system.
- Q: What did the government do regarding this financial crisis?
- A: A special committee led by K. Padmakumar was established to investigate the causes of the losses and find a solution.
This is an AI-generated summary. The full story lives at the source.
Read the full story at the sourcepravasiexpress.comThis story across sources · 2
- Information and Public Relations Department Kerala·
- Asianet News·