Cabinet approves merger of APSRTC with state govt
Andhra Pradesh

Cabinet approves merger of APSRTC with state govt

Agency News

Amaravati, Sep 4: The Cabinet has approved to merger of Andhra Pradesh State Road Transport Corporation (APSRTC) with the State government.

The Cabinet meeting, which was held here on Wednesday under the Chairmanship of Chief Minister Y S Jagan Mohan Reddy, has given the green signal to implement the Anjaneya Reddy committee recommendations regarding the merger of APSRTC with the State government.

Informing the Cabinet decisions to the media, Minister for I&PR and Transport Perni Venkatramaiah said that the Chief Minister directed the Transport, Finance and Law departments to complete the process of merger of APSRTC with the government within three months.

The government would establish “AP Public Transport Department Corporation” (APPTDC) and about 52,000 RTC employees would be taken into the corporation. The age limit for retirement would be enhanced from present 58 to 60 to the APSRTC employees after the merger with the State government.

All the facilities, which are being provided to the State government employees, would be extended to the RTC employees also after the merger, the Minister informed.

All the contract employees of APSRTC would continue in the APPTDC after the merger. The Cabinet also approved for the formation of an autonomous committee to regulate the RTC bus fares.

The government’s decision to merge APSRTC with the State government is a major development for the public sector giant, which was established several decades ago.

The APSRTC operates over 12,000 buses amd transporting lakhs of people every day, is incurring huge losses. The Cabinet also approved a new sand policy.

Under the new sand policy, the AP Mining Development Corporation (APMDC) would carry out extraction and transportation of sand. The buyers of sand could purchase through online from the APMDC. The government pegged the price of sand as Rs 375 per tonne at stock point and Rs.4.90 would be charged per kilometre for transportation.

The government decided to make 41 sand reaches available now and over 30 sand reaches by the month of October.

The Cabinet also approved to extend Rs.10,000 per month to those who eke out livelihood by running autorickshaws and taxies on their own.

The Cabinet also approved allocation of five acres of land at Nagayalanka village in Krishna district for the establishment of rocket tracking centre of the DRDO.

The AP Cabinet opposed the merger of Andhra Bank and decided to write a letter to the Prime Minister Narendra Modi in this regard. (UNI)