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Panel Recommends Industry Status, Longer Lifespan for Kerala Buses

Panel Recommends Industry Status, Longer Lifespan for Kerala Buses
Panel recommends industry status, longer lifespan for private buses in Keralam · theprint.in

Private bus companies in Kerala are losing money as more people use private vehicles.

A government committee studied their problems and suggested ways to help them.

It wants private bus services to be officially treated as an industry.

This could let bus operators receive small-business benefits, loans, and tax credits.

The committee also wants buses to be allowed to operate for 25 years instead of 22.

It suggested that operators pay vehicle tax every month to make payments easier.

Private buses could also be rented by KSRTC and buy diesel from KSRTC fuel pumps.

The government will study the recommendations before deciding what to implement.

Key facts

Committee chair
Former DGP K Padmakumar
Bus lifespan proposed
25 years, up from 22 years
Tax-payment proposal
Allow vehicle tax payments monthly instead of once every three months
Industry-status benefit
Potential access to MSME benefits, input tax credits, and loans
Wet-lease proposal
KSRTC could hire private buses for Priyadarshini services in a 3:1 ratio
Fuel proposal
Private operators could buy diesel from KSRTC fuel pumps at dealer rates
Government position
Transport Minister C P John said most recommendations appeared acceptable, but a decision requires further examination

Quotes

K Padmakumar

Head of the government-appointed committee examining difficulties faced by private bus operators

“Many complained that paying a large amount as tax every three months put them under additional financial strain. We have recommended this in the report, and now the government has to decide on it.”
theprint.in
“If private bus services are declared an industry, they can receive all government benefits available to MSMEs. It would also enable them to avail themselves of input tax credits and loans.”
theprint.in

Sources

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