 According to Ms.J.Jayalalalitha, the ‘painful’decision to hike prices has been taken to revive:
According to Ms.J.Jayalalalitha, the ‘painful’decision to hike prices has been taken to revive:- the milk producers' co-operative societies,
- Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and
- transport undertakings that were on the verge of going bankrupt.
Due to the increase in the prices of diesel, tyres & tubes and the salary of the employees the Transport Corporations in Tamilnadu are having heavy un bearable burden. And the total loss of the transport undertakings in the last year was Rs. 6,150 Crores and the Government was releasing Rs. 60 Crores a month to sustain the transport corporations. And if the situation is allowed to continue there will be no Transport Corporation in Tamilnadu.
Ms.Jayalalitha has blamed that Mr.Karunanidhi had utilized the borrowings in schemes not benefitting the people but the ruling party and now he is shedding ‘crocodile tears’ over the Unavoidable price-hikes.
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