Hyderabad, Jan 31 (UNI) Chief Minister Y S Rajasekhara Reddy today agreed in principle to fill up vacant posts in Andhra Pradesh State Road Transport Corporation (APSRTC) through direct recruitment in all essential categories numbering against direct recruit quota as per need in consultation with the Finance department.
After reviewing the performance, achievements and issues of the APSRTC with Transport Minister K Lakshmi Narayan, Corporation Chairman M Satyanarayanana Rao, and other officials, the Chief Minister directed the Finance department to release about Rs 100 crore against the reimbursement of concessions offered by the APSRTC.
Dr Reddy also agreed for recruitment of drivers on contract basis as per the need.
The Chief Minister was informed that APSRTC has earned a profit of Rs 126.42 crore during 2007-08 (up to December, 2007) and Rs 40.59 crore during 2006-07 as compared to a loss of Rs 181.47 crore in 2002-03, Rs 42.04 crore during 2003-04, Rs 224.84 crore during 2004-05 in spite of 50 per cent reimbursement of concessions and reduction in Motor Vehicle (MV) Tax and a loss of Rs 195.19 crore during 2005-06 in spite of 100 per cent reimbursement on concessions and reduction in MV tax by the State Government, a release here said.
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