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Chandrababu Naidu releases Rs. 250 crore to APSRTC


September 3, 2014 - Hyderabad

Andhra Pradesh Chief Minister Nara Chandrababu Naidu on Wednesday released Rs.250 crore as a grant to the APSRTC.

The decision of the Chief Minister was taken after he held a high level meeting with the Minister for Transport Sidda Raghava Rao, Principal Secretary Sam Bob, A Giridhar, Secretary in the Chief Minister’s office and APSRTC Managing Director J Poornachandra Rao.

Employees Union meets Chandrababu Naidu:

Earlier in the day, a delegation led by Employees Union general Secretary K Padmakar met the Chief Minister and put forth before him their demands including takeover of the Corporation by the Government, tax holiday on motor vehicle tax, sales tax on purchase of high speed diesel at the rate of four percent. He also explained the other demands for which the Chief Minister have positively responded.

APSRTC Employees Union general secretary K Padmakar expressed his gratefulness to the Chief Minister. It may be recalled that the EU has served notice on the management of the Corporation to on indefinite strike from September 12 if their demands listed out are not met. He said that a decision on it would be taken after a meeting of the Union on Thursday.

Padmakar said that Rs.250 crore would suffice to pay up the approximately Rs.100 crore that the Corporation had to pay to the Employee Cooperative Credit Society and a few more payments including Festival Advance and Provident Fund.

It may be recalled that the APSRC union has served an indefinite strike notice on August 2 on the management calling for a total shut down from September 11 demanding credit of funds collected to the society within a week.

Andhra News

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