BEST eyes Rs 4-crore profit in next fiscal

The TDLR will cross-subsidise transport losses incurred till 2015-16.

Written by PRIYAL DAVE | Mumbai | Published: October 6, 2013 2:11 am

The end of the 2013-14 fiscal may usher in good times for the BEST undertaking,which has estimated a profit of Rs 4 crore in the next fiscal.

It will see a cash surplus for the first time in 11 years thanks to Transport Deficit Loss Recovery (TDLR) approved by MERC from September 1 and rationalisation of bus fares in the next fiscal.

A TDLR of Rs 1.54 per unit of energy is being charged to 10 lakh consumers of the island city in 2013-14 and 2014-15 which will drop to 0.54 in 2015-16.

The TDLR will cross-subsidise transport losses incurred till 2015-16.

BEST has proposed that the civic administration consider levying a ‘transport cess’ on property tax at the earliest and pay the amount to the undertaking after the 2015-16 fiscal.

BEST General Manager O P Gupta said,“Thanks to TDLR,BEST will balance losses in the transport division till 2015-2016.”

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