TeluguPeople
  are the trend-setters


Regional News: Vijayawada

RTC mortgages Vijayawada bus station


 
Vijayawada: With State Government not releasing its share as part of the JNNURM scheme and not reimbursing concession amounts extended to various sections, the debt-ridden APSRTC has mortgaged Pundit Nehru Bus Station at Vijayawada and Guntur Bus Stand with a bank to secure a loan of Rs 170 crore.

While the APSRTC is reeling under severe financial crisis, the higher-ups are lavishly spending the corporation's funds.

The officials, without taking into consideration the fate of the corporation, are mortgaging the APSRTC prime properties upon the directions of the Transport Department.

As part of the JNNURM scheme, the Centre will bear the 50 percent of the cost, the State Government 20 percent and the rest 30 percent by the APSRTC in the procurement of new buses. However, the State Government is not releasing its due share for the long.

The State Government is also not reimbursing the concessions extended to various sections, which runs into crores of rupees, to the corporation.

Unable to cope up the losses and mounting dues, the APSRTC has mortgaged approximately Rs 800 crore worth bus stands to a meager Rs 170 crore.

The Pundit Nehru Bus Station was constructed during the ruling of former Chief Minister Nandamuri Taraka Rama Rao in the sprawling 35 acre campus in the prime locality.

The then State Government has constructed pucca houses to labourers staying at the site to relocate them. The Guntur Bus Stand was also in the 15 acre land.

Apart from the constructions, the land value itself runs into hundreds of crores of rupees. Several APSRTC unions are opposing the move tooth and nail.




 
News Posted: 12 March, 2012
 

 

Headline News
Speaker reviews arrangements for Session
Finance Commission visit SWR schools
KCR seek Rs. 40K Cr for Kaleshwaram
CM responsible for Farmer's Death, says Jagan
TTD approves Rs.3116 Cr Budget
Killi Krupa Rani to join YCP on 28th
Budget session from Feb 22nd
Ten Ministers sworn in by Governor
Finance Commission meets PRIs
Revanth asks EC to stop Cabinet Expansion
Polling for 10 MLC seats on March 12
Kavitha launches Organ Donation Program
Jagan promises BC Commission, Quota
KTR tributes Martyrs, Donates to Fund
President, VP, PM greet KCR on birthday
More Headline News...
Entertainment
Anjali CBI releasing on Feb 22nd
NTR Mahanayakudu got Clean U
RP's Roobaroo Hindi Song Video
Kalyan Ram's 118 Theatrical Trailer
Naga Chaitanya, Samantha Majili Teaser
Lakshmi's NTR Movie Trailer
Karthi and Rakul Preet's Dev on 14th
Allu Arjun wishes Brahmanandam
Sirivennela Hits first Volume from Aditya Music
Sekhar Kammula Birthday Celebrations
More Entertainment...
Crime News
Jayaram case shifted to Hyderabad Police
Action assured in Kamatipura Rape Case
Four persons commit suicide
Banker injured in firing
Rs 2K fake notes seized, six arrested
Two convicts escape from Warangal prison
'Humiliation' drives two women to suicide
Student drowns in Kapra Lake
Man found murdered in Shamshabad
One killed in hit and run case
More Crime News...
Special Stories
Internshala Youth for Andhra Program
More than 100 Cr for Tirumala Amenities
3-day IT Handloom Mela from Feb 25
Intelligence is the Key, Ex RAW chief
TTD reviews Tiruchanoor Development
FTII's Film Course in Hyderabad from Feb 20
KTR meets Childhood Vendor at School
Golkonda's history in Braille released
Law Student won a Case and Donates
Minerals for Nation's Progress: TVK Reddy
More Special Stories...
 
Business
NMDC wins 5 PRCI Excellence Awards
Safran Aircraft Plant in Hyderabad
HDFC Bank opens 5,000th branch
USD 2 million for Innovation under IIGP
HCL new office in The Hague
Annapurna Finance raised 137 cr from ADB
Valvoline Cummins sold 100 million liters in 2018
BMW X4 launched in India
Araku Aroma Cafe in Hyderabad
BDL to supply Anti-tank Guided Missiles
More Business...
Sports
Golconda Masters 2019 from Today
MANUU cricket team beats HCU
Rahul Gandhi congratulates P.V. Sindhu
Sports should be Part of Education: VP
Karna Kadur, Nikhil Pai clinch Coffee Day India Rally title
India beats China 2-1, wins Asian Trophy
Sindhu enters final, assured a medal
30th Sailing Championship from July 15
Pratyusha crowned with International Title
First match: Reigning Champs KKR to face Mumbai
More Sports...
Devotion
Sri Govindaraja Swamy Teppotsavam
Amaravati SV Temple in Two Years
Chandra Babu at Komaravolu Temple
Srivari Kumbhabhishekam in Kanyakumari on 27th
Sahasra Chandi Yagam 4th Day
Chandi Yagam continues at Yerravalli
KCR in Chandi Yagam on Day-2
Thyagaraja Aradhana on 25th at Kakarla
Paruveta Utsavam in Tirupati
TTD Chairman, EO Greeted Pilgrims
More Devotion...
NRI News
TAGC Sankranti and Republic Day Event
NATA Immigration Conference Call Today
NATA Executive Committee for 2019-20
NATS raised 600k in Kick-Off Event
Parmesh Bheemreddy new ATA President
Meet Times Teen Kavya Kopparapu on 14th
Canada Sankranthi Sambaralu Today
NJTA Sankranthi Sambaralu on 19th
SARC launch event in Edison, NJ
Anusha Kondiparti to enter Politics
More NRI News News...



 
Advertisements
Advertisements
Advertisements
Get the best Results!
Reach potential customers thru TeluguPeople.com, advertise with us!!
Beauty and Skin Care
For all your favorite branded products of Beauty, Skin Care, Perfumes, Makeup and more!
College Admissions in USA
Guaranteed Admissions or Processing Fee will be refunded. At USAdmissions.com
EducationAndhra.com
One-stop Destination for Information on Educational Resources related to Andhra Pradesh
News
Headline News
Cinema News
Business
Special Stories
Devotion
NRI News
Social Media
Facebook
Movie Gallery
Devotional Gallery
Twitter
Photo Galleries
News Gallery
Cinema Gallery
Beauty Gallery
Fashion Gallery
Sports Gallery
Travel Gallery
Devotion
Classifieds
Jobs
Real Estate
Automobile
Personals

Search TeluguPeople.com

(C) 2000-2019 TeluguPeople.com, All Rights Reserved.