Hey there, Pune commuters! If you rely on Pune Mahanagar Parivahan Mahamandal Limited (PMPML) for your daily transportation needs, you might want to pay attention to this news. The latest audit report submitted to the Standing Committee has revealed some shocking numbers about PMPML’s financial situation.
Over the past decade, PMPML’s operational deficit has skyrocketed sevenfold, reaching a whopping Rs 766.84 crore. That’s a massive increase from the Rs 99.44 crore deficit reported in 2014-15. The deficit percentage has also seen a significant jump, going from 34.25% to 59.58%.
So, what’s causing this financial crisis? Well, the audit report points out a few key factors. Stagnant fare prices, declining pass sales, soaring employee salary costs, and ineffective inspection teams are all contributing to PMPML’s growing deficit. It seems like the revenue from ticket and pass sales just isn’t cutting it anymore.
To make matters worse, PMPML has been relying on financial support from Pune and Pimpri Chinchwad Municipal Corporations to cover its losses. Pune Municipal Corporation (PMC) foots 60% of the deficit, while Pimpri-Chinchwad Municipal Corporation (PCMC) covers the remaining 40%. The Pune Metropolitan Region Development Authority (PMRDA) has also recently agreed to chip in.
But fear not, Pune commuters! The audit report has some suggestions to turn things around. Strengthening inspection teams to reduce revenue leakage, conducting a scientific study of fare prices, cutting costs on maintenance and other expenses, and even considering the commercial utilization of PMPML assets are just a few of the proposed solutions.
So, next time you hop on a PMPML bus, remember that your fare might just be a piece of the puzzle in solving this financial crisis. Let’s hope these measures can help PMPML get back on track and continue providing essential transportation services to Pune and its surrounding areas.
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