The State government on Saturday sanctioned ₹145.63 crore for reimbursing the consortium of banks for the amount disbursed as pension in the cash-strapped Kerala State Road Transport Corporation (KSRTC). The amount includes interest which had been fixed at 8.5%, the Finance Department said.
On Friday, the State Government had released ₹50 crore as urgent financial assistance to the KSRTC in connection with Onam.
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