Speaking to reporters, KSRTC managing director K Jairaj said increase in fare has become inevitable as diesel prices had gone up by Rs 1.80 per litre in the past six months.
" A high-power committee is looking at the matter and would soon come up with the new tariff and we would announce the new charges in the next couple of days", he added. In April-September FY 2003, KSRTC posted revenues of Rs 361 crore compared to Rs 337 crore in the corresponding period in 2001. The profits for the period from the four divisions -- KSRTC, BMTC, NWKRTC and NEKRTC stood at Rs 81.9 crore.
Mr Jairaj said the corporation plans to introduce mini bus services for the rural areas and the pilot project has commenced. The corporation would introduce 30 Airavatha bus services by March in place of the present four buses. KSRTC would also provide service guarantee for Airavatha and Rajahamsa buses from November 1, according to which for late departure of these services, passengers would be given refund coupons in the denominations of Rs 10, Rs 15 and Rs 20 to be used for subsequent journeys.
"We are the first road transport corporation in the country to start this scheme," Mr Jairaj added.
Other plans of the corporation include modernisation and decongestion of Kempegowda bus station, with an estimated cost of Rs 67 crore. KSRTC would also open 100 computerised ticket booking counters across Bangalore City for ticket booking.