Maha transport authority to meet after 30 months, may clear MSRTC fare hike

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Maha transport authority to meet after 30 months, may clear MSRTC fare hike - Business Standard

Quick Summary:

The State Transport Authority in Maharashtra will meet after a long hiatus of 30 months Thursday and may approve the MSRTC's proposal to hike the passenger fare by 14 to 15 per cent, officials said.

The Maharashtra State Road Transport Corporation had sought the hike in fare under an automatic fare revision formula (AFRF) to mitigate the daily loss of Rs 2 to 3 crore.

Buses operated by MSRTC travel across the length and breadth of Maharashtra with over 55 lakh passengers travelling daily.