logo
In Karnataka, Shakti scheme ticket count set to cross 500-crore mark

In Karnataka, Shakti scheme ticket count set to cross 500-crore mark

Time of India2 days ago
Bengaluru: On Monday, the Shakti scheme — offering free bus travel for women in the state — is set to cross the 500-crore ridership milestone. To mark the occasion, chief minister
Siddaramaiah
and his deputy DK Shivakumar will travel in a city bus and personally issue tickets to women passengers.
Transport minister Ramalinga Reddy told TOI that at the district level, committees overseeing implementation of the five guarantee schemes will celebrate the milestone by distributing sweets and flowers.
The Shakti scheme was the first of the five guarantees launched by Congress govt. From June 11, 2023 to July 11, 2025, the state's four road transport corporations — KSRTC, BMTC, NWKRTC, and KKRTC — issued over 497 crore tickets.
The corporations have spent a whopping Rs 12,614 crore to provide free travel facilities for women on ordinary bus services. Out of nearly 25,000 buses, women are allowed to travel in over 20,000.
In June this year, conductors issued more than 73 lakh tickets daily to women availing of the free travel benefit.
You Can Also Check:
Bengaluru AQI
|
Weather in Bengaluru
|
Bank Holidays in Bengaluru
|
Public Holidays in Bengaluru
Reddy said, "The 500-crore mark is a testimony to the successful implementation of Shakti scheme by RTCs in the state. It has been well received by the women of
Karnataka
.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Lợi ích khi giao dịch CFD Bitcoin
IC Markets
Tìm hiểu thêm
Undo
To celebrate the milestone, the chief minister and the deputy CM will travel in a city bus Monday and issue tickets."
In the first month of the scheme's launch, RTCs issued over 10 crore tickets, incurring an expenditure of Rs 250 crore. In the second month, the number of tickets issued rose to nearly 20 crore, and the cost reached Rs 453 crore. Patronage continued to grow in the following months. The highest number of tickets — over 22 crore — was issued in May 2025, accounting for Rs 670 crore.
Following an upward revision in bus fares in Jan 2025, the expenditure to provide free travel under the scheme saw a significant jump.
Reddy said, "Naturally, when there is a revision in bus fares, the cost of providing benefits under the scheme increases. During festive seasons and holidays, we also see increased patronage. As promised, the state govt has been supporting RTCs by reimbursing the expenditure. Except for a pending amount of Rs 2,750 crore, RTCs have received the rest of the funds spent under the scheme."
He stated that the govt has extended additional financial support to RTCs by providing a loan of Rs 2,000 crore and facilitating the induction of new buses.
"After coming to power, we have taken measures to induct 5,800 new buses and recruit 10,000 staff, including 1,000 on compassionate grounds. RTCs currently have a liability of Rs 4,000 crore due to the lack of support from the previous BJP govt," Reddy added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RailTel shares in focus after securing Rs 264 crore deal for Kavach safety system
RailTel shares in focus after securing Rs 264 crore deal for Kavach safety system

Time of India

time9 minutes ago

  • Time of India

RailTel shares in focus after securing Rs 264 crore deal for Kavach safety system

Shares of state-owned RailTel Corporation of India will be in focus on Tuesday after the company announced it has received a work order worth Rs 264 crore (inclusive of taxes) from East Central Railway for the implementation of the Kavach system—India's indigenous Train Collision Avoidance System (TCAS). The project involves deploying Kavach over 607 route kilometres of low-density railway track under the jurisdiction of East Central Railway. The contract is scheduled for completion by July 14, 2027. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Have Ringing in Your Ears, Read This - Before They Delete It Discovery America Last week, RailTel also secured a separate order worth Rs 17.47 crore from the General Administration Department (GAD) of Chhattisgarh. The scope of this contract includes the implementation of an integrated communication infrastructure comprising WLAN, LAN, EPABX systems, network connectivity, hardware procurement, commissioning, and long-term operations and maintenance. This project is expected to be completed by January 14, 2031. The latest contract adds to a string of significant orders RailTel has received in July, bringing its total order value for the month to over Rs 130 crore. Also Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% Live Events RailTel shares target price According to Trendlyne data, the average target price for RailTel shares is Rs 270, implying a potential downside of 34% from current levels. The lone analyst tracking the stock has given a 'Strong Sell' recommendation. RailTel shares performance RailTel shares have gained 9% over the past six months and have surged 195% over the last two years. The company currently commands a market capitalization of Rs 13,148 crore. RailTel, a Navratna public sector undertaking under the Ministry of Railways, is one of the largest neutral telecom infrastructure providers in India. Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

How Much Will Tesla Model Y Cost In India? EV For Sale At BKC Showroom In Mumbai From Tuesday
How Much Will Tesla Model Y Cost In India? EV For Sale At BKC Showroom In Mumbai From Tuesday

News18

time18 minutes ago

  • News18

How Much Will Tesla Model Y Cost In India? EV For Sale At BKC Showroom In Mumbai From Tuesday

Last Updated: Tesla is set to make its long-awaited debut in India with the opening of its first showroom in Mumbai; Know how much will it cost you Tesla Opens In India: Tesla is set to make its long-awaited debut in India with the opening of its first showroom in Mumbai's Bandra Kurla Complex (BKC) today. This marks the beginning of Tesla's official journey in one of the world's fastest-growing electric vehicle (EV) markets. Model Y: Tesla's First Offering in India? The company's maiden launch in India is widely anticipated to be the Model Y SUV, which will be sold as a Completely Built Unit (CBU), likely imported from its Gigafactory in Shanghai. In preparation, Tesla has already imported vehicles, superchargers, and accessories worth nearly $1 million, sourced primarily from China and the US The shipment includes six units of the Model Y. The Model Y is likely to be available in two variants: Long Range RWD: EPA-estimated range of 574 km, 0–96 km/h in 5.4 seconds Long Range AWD: Range of 526 km, quicker 0–96 km/h time of 4.6 secondsBoth models offer a top speed of 200 km/h. True to Tesla's design language, the Model Y features a sleek, coupe-like silhouette, full LED lighting, and connected taillamps. The SUV measures 4,797mm in length, 1,982mm in width, and 1,624mm in height, with a 167mm ground clearance and expected 19-inch wheels. Inside, it offers a minimalist dual-tone (black and white) interior, a panoramic glass roof, and tech-rich amenities. A 15.4-inch central touchscreen controls most functions, while second-row passengers will get their 8-inch display. Tesla's hallmark features, like Autopilot and over-the-air updates, are likely included, though Autopilot's performance in Indian conditions remains to be tested. Tesla's Model Y will be positioned in the premium EV segment, with expected pricing between Rs 50 lakh and Rs 75 lakh (ex-showroom), depending on the variant and factoring in a 70% import duty. For comparison, in the US, the Model Y Long Range AWD is priced at approximately Rs 35.7 lakh ($41,490), while the RWD version retails for about Rs 32.2 lakh ($37,490). Tesla's Plans For India The company is establishing a 24,566 sq. ft. experience center in Mumbai and is hiring for sales and service roles in both Mumbai and Delhi. A second showroom is planned in Delhi, positioning Tesla in two of India's largest automotive markets. While recent reports suggest Tesla has paused plans for a local manufacturing facility, a strong market response could pave the way for local assembly under a Completely Knocked Down (CKD) model in the future. India's EV Landscape Welcomes Tesla Tesla's entry into India marks a significant milestone in the country's electric mobility journey. Backed by its global expertise, brand cachet, and technology-first approach, Tesla is poised to reshape expectations in the premium EV segment as it takes its first formal steps in India. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Tesla enters India! Elon Musk-led EV maker to open first showroom in Mumbai today; here's how much the cars will cost
Tesla enters India! Elon Musk-led EV maker to open first showroom in Mumbai today; here's how much the cars will cost

Time of India

time20 minutes ago

  • Time of India

Tesla enters India! Elon Musk-led EV maker to open first showroom in Mumbai today; here's how much the cars will cost

Tesla is officially making its debut in the Indian market with the launch of its first showroom on Tuesday at Mumbai's Maker Maxity Mall in the Bandra Kurla Complex. The EV giant has also unveiled prices for its cars, listing the on-road cost of the much-anticipated Model Y at Rs 61 lakh. The rear-wheel drive variant will be offered at a cash price of Rs 59.89 lakh, as Tesla gears up to launch its first-ever showroom in the country, Reuters reported. Earlier on Friday, the company had teased the launch via its India-focused X handle with a post reading "Coming soon," accompanied by a graphic indicating its India debut in July 2025. Despite widespread speculation about Tesla's long-term plans for India, Union minister for heavy industries, HD Kumaraswamy, said last month that the company currently has no interest in manufacturing vehicles in the country. "They want to sell their car in India. There is no further development about Tesla," Kumaraswamy had said in a media interaction, confirming the brand's focus on opening showrooms rather than production facilities. While reports have suggested Tesla intends to import vehicles and sell them through Indian showrooms, the company has remained tight-lipped about its broader operational strategy in the region. Earlier this year, Tesla began hiring in India, signalling that preparations for its market entry were gaining momentum. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dementia Has Been Linked To a Common Habit. Do You Do It? Memory Health Click Here Undo Although CEO Elon Musk has expressed interest in investing in India, he has also cited high import duties as a significant barrier. India's recently announced EV policy, offering reduced import duties and incentives to global EV manufacturers, could ease Tesla's path into the country. Prime Minister Narendra Modi had a telephonic conversation with Musk in April, discussing potential collaborations in technology and innovation. The two also met in February during Modi's visit to the United States. With its first showroom set to open in Mumbai, Tesla is poised to test the waters in one of the world's fastest-growing automobile markets and establish a foothold for its premium electric vehicles. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store