One more landmark decision of chief minister YS Jagan mohan reddy will translate into reality with rtc going to be merged into the State government from january 1st. The dream of 54,000 employees of apsrtc will come true with the New Year ushering in hope and joy. Jagan mohan reddy had seen the travails of the rtc staff during his state-wide padayatra and had then taken a decision to ameliorate a lot of the employees, though many felt that it was not possible to do so.

 

The apsrtc has accumulated losses amounting to approximately ₹6,500 crores, but Mr. Jagan mohan reddy went ahead with the merger in spite of huge expenditure (₹3,600 crores per year) entailed by it. This merger will mean that the jobs and the salaries of the employees are safeguarded and will be the responsibility of the State Government. 

 

On the other side, the employees are keeping their fingers crossed, hoping that the merger does not deprive them of certain key benefits that they enjoyed while they were in the PSU’s fold. The fear of dilution of the apsrtc employees’ internal trusts and societies like the Cooperative Credit Society (CCS), Staff Retirement Benefits Scheme (SRBS) and the Staff Benevolent Trust (SBT) is yet another cause of worry for the unions.

 

 

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