MSRTC announces “Diwali Bhet”, with 95,000 employees to benefit from it

MSRTC announces “Diwali Bhet”

MSRTC announces “Diwali Bhet”

Mumbai: MSRTC has announced the DA hike, which will be directly beneficial for the 95,000 employees. Looking forward to the celebrations for Diwali, the MSRTC Maharashtra State Road Transport Corporation has further hiked the dearness allowance i.e. (DA), for its employees to 17% from the 12%. This will result in the benefit of around 95,000 employees. Furthermore, it is also said that the October salary of the employees will be paid to them before the festival of Diwali, and not on the scheduled 7th day of the month. 

The cash-strapped corporation has even announced that the bonus “Diwali Bhet '', (bonus) of 2,500 and 5,000 will be given to the officers and the employers respectively. During the last week, the Union Cabinet has also approved the increase of 3% points upon DA and Dearness Relief, (DR) for all the central government employees and even the pensioners from 28%. Following this, the hike will increase to 31%. The hike has come into effect from the 1st of July 2021. After the Union minister, Anurag Thakur had announced this during a press briefing held in New Delhi. The new hike has come just the days before Diwali and this new hike is going to be an advantage and will be beneficial for over 47 lakh employees and also for the 68.62 lakh pensioners.  

The losses of the MSRTC due to the rising prices of Diesel have also led to the hike of fares across the services, and expect the night buses where the ticket prices are going up to a minimum of 5RS. The MSRTC, which has been severely hit due to curtailed operations amid the coronavirus pandemic and lockdowns, is expected to earn an additional ₹50 crore from this move, Shekhar Channe, vice-chairman and managing director of the state-run transport undertaking told PTI.

The MSTRC comprises 16,000 buses. Hence in order to reduce all the burden upon the MSTRC coffers because of the sharp rise in the fuel prices and even the increase in the rates of the tyres and also the other spare parts of the vehicles, the State-owned corporation has thus decided to increase the fare.          

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