Kochi: Kerala High Court has asked Kerala State Road Transport Corporaion (KSRTC) to pay salaries to its staff by Wednesday, or close down the state PSU if it cannot meet the deadline.
Meanwhile, the KSRTC management informed the court that it will pay the salary by Wednesday. The management also said that if the establishment is closed, 26 lakh passengers would be affected.
But the court replied that the passengers will make alternate arrangements.
KSRTC has not paid this month's salary as yet. This is despite the Chief Minister's assurance that the salary would be paid before the 5th of every month.
In the budget, the finance department allocated only Rs 30 crore for the corporation.
Meanwhile, Transport Minister Antony Raju announced that government assistance to KSRTC will continue. The Minister said that the government has never told the High Court that it will not help KSRTC.
