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Business
Karnataka Considers Bus Fare Hike as Transport Liabilities Exceed Rs 8,000 Crore
✍️ News18
🗓 02 Oct 2026, 06:08 AM
👁 14
Karnataka's state transport corporations have liabilities exceeding Rs 8,000 crore, prompting officials to discuss a possible increase in bus fares to address the shortfall.
The liabilities of Karnataka's state transport corporations have surpassed Rs 8,000 crore, according to recent financial assessments. This figure reflects accumulated losses and operational debts across the state's public bus services.
To ease the financial burden, the state government is examining a possible increase in bus fares on various routes, both urban and rural. The aim is to generate additional revenue to sustain services and reduce the deficit.
No final decision has been made yet, and any fare revision would be announced after stakeholder consultations and required approvals from the concerned authorities.
To ease the financial burden, the state government is examining a possible increase in bus fares on various routes, both urban and rural. The aim is to generate additional revenue to sustain services and reduce the deficit.
No final decision has been made yet, and any fare revision would be announced after stakeholder consultations and required approvals from the concerned authorities.