Mumbai: ST’s revenue sank due to lockdown. The accumulated loss of ST Corporation has reached five and a half thousand crores. Employees’ salaries have been stagnant for three months. The state government has been asked to pay Rs 3,600 crore to meet the minimum cost of maintaining salaries and STs. Besides, the corporation is trying to raise loans by pledging some ST depots and stations, said Transport Minister Anil Parab.
On various issues, including the arrears of salaries of ST employees, the Transport Minister told the media on Friday that the ST Corporation has started efforts to raise loans on its own. The corporation has its own 250 depots and 609 stations. Attempts are being made to take out a loan of Rs 2,300 crore by mortgaging some of these stations and depots. However, the ownership of the depot or station will not change as collateral, it will remain with the corporation.
English summary :
The ST Corporation will set up a loan of Rs 2,000 crore, a depot for salaries and a mortgage of stations
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Web Title: The ST Corporation will set up a loan of Rs 2,000 crore, a depot for salaries and a mortgage of stations
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