White Statement: Loss in Tamil Nadu Transport Corporations 381% .. Come and spend for 1 rupee!
Chennai: The loss of Tamil Nadu Transport Corporations has increased by 381% compared to 2011-12, according to a white paper on financial condition. Tamil Nadu Finance Minister Palanivel Thiagarajan said in a statement issued today regarding the transport corporations
State Transport Corporations have borrowed heavily from Tamil Nadu Transport Development Corporation and more recently from banks. There have been continuous losses over the last 10 years due to overcrowding, pensions, diesel, and interest expenses.
Personnel cost 119.16%
Pension Expenditure 365.99%
Interest expense increased to 281.43%.
That is, expenditure has increased from Rs 7,249.48 crore in 2011-12 to Rs 13,353.77 crore now. 6,104.29 crore (84.20%) in 10 years.
The operating income of transport corporations during 2011-12 was Rs.6168.80 crore; 9027 crores in 2019-20; 3,580.15 crores in 2020-21. The operating income of all transport companies is not enough to cover their staff expenses and even pension expenses. Vehicles operated by state transport companies cause a loss of Rs 59.15 per km. The loss of transport corporations during 2011-12 was Rs 8761.89 crore. The loss of transport corporations in 2020-21 was Rs 42,143.69 crore.
That means the loss of transport companies has increased to 381%. Reasons for this: Frequent revision in diesel price without tariff hike Material management, cost, and management shortcomings are the reasons for higher purchase costs. With more employees compared to 10 years, the cost of pensions is the key factor.
The cost of operating vehicles for a distance of 1 km is Rs 96.75. The charge for a distance of 1 km is Rs. 37.60 for operating a distance of 1 km
Loss Rs. 59.15 Revenue and Expenditure per rupee of all Transport Corporations.
Tamil Nadu Electricity Board debt rises by Rs 1,34,119.94 crore – 332%: White Paper
Chennai: The total debt of the Tamil Nadu Electricity Board is Rs 1,34,119.94 crore, according to a white paper released today.
Tamil Nadu Finance Minister Palanivel Thiagarajan said in a white paper issued today on the situation of the Electricity Board:
Credit details to Tamil Nadu Electricity Generating and Distribution Corporation as of 31.03.2021:
Tamil Nadu government debt of Rs 4,582.45 crore
Uday’s debt is Rs 4,563.00 crore
Total debt stood at Rs 1,34,119.94 crore
The annual net loss for 2011-12 was Rs 15055.34 crore
The annual net loss for 2020-21 was Rs 17497.85 crore
I.e. 116.22% annual net loss over 10 years
The total loss for the year 2011-12 was Rs.53696.25 crore
The total loss for the year 2020-21 was Rs 111084.50 crore
I.e. 106.88% annual net loss over 10 years
The annual debt during 2011-12 was Rs 31040.12 crore
The annual debt in 2020-21 was Rs 134119.94 crore
That is an increase of 332.09% over 10 years
9.06 per unit of electricity
The collection for 1 unit of electricity is Rs. 6.70
The loss for 1 unit of electricity is Rs. 2.36
Expenditure on power generation and distribution employees increased by 161.83% in 10 years
Expenditure on pensions increased by 108.47% in 10 years
212.85% increase in interest expense over 10 years
Overall cost increased by 175.58% over 10 years
The increase in the cost of coal primary input and the increase in cost through external power purchase agreements are the main reasons for the increase in total cost.
The percentage of the total cost of electricity purchases in 2020-21 is 71.03%.
Electricity purchase costs have increased by 125.02% in 10 years.
No changes in electricity tariff for 7 years.
No collection for free electricity for farmers. But a subsidy of Rs 3.32 per unit has been provided for that electricity.
The total loss due to electricity supply to households in 2020-21 is Rs 18,735 crore.
The subsidy for household electricity is Rs. 1.09 per unit. Those who consume more electricity get more of this subsidy.
151.75% increase in total loans of Tamil Nadu Electricity Corporation in 10 years; The overall loss was 68.22%.
Expenditure of Tamil Nadu Electricity Corporation increased by 159.22% in 10 years;
Expenditure on employees alone increased by 402.73% in 10 years.