CHANDIGARH – Punjab Chief Minister Mr. Parkash Singh Badal today approved to sanction one time grant of Rs.20 crore to the cash strapped Pepsu Road Transport Corporation (PRTC) to bail out from its staggering liability on account of pension benefits accrued to its employees’.
A decision to this effect was taken by Mr. Badal in a meeting with PRTC Workers’ Action Committee led by its Convener Mr. Nirmal Singh Dhaliwal held here at Punjab Bhawan this afternoon.
The Chief Minister asked the PRTC to utilize these funds to set off their mounting pension arrears due to its pensioners in order to ensure smooth functioning in an efficient and result-oriented manner. He also called upon the Managing Director of the PRTC to evolve an action plan in such a manner that the existing resources could be optimally utilized to enhance its profitability with a sharpened focus on its economic viability. Mr. Badal also gave in principle approval to the proposal to transfer the land under the control of the state government departments to PRTC on lease basis to generate additional funds to make the functioning of PRTC far more efficient besides achieving financial sustainability.
The meeting was also attended by the Transport Minister Mr. Surjeet Kumar Jiyani, Chairman PRTC Mr. Ranjit Singh Ballian, Principal Secretary to Chief Minister Mr. DS Guru, Principal Secretary Finance Mr. KBS Sidhu, Secretary Transport Mr. Anurag Aggarwal and Managing Director Mr. Manvesh Singh Sidhu.
