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|A STUDY ON OPERATING COST AND ITS EFFECT ON PERFORMANCE OF KSRTC|
A great transportation system has to be a boon to the city, while a bad one should be a curse. Kerala was controlled by the British East India Company for first half of the 18th century. The effects of British rule were both positive and harmful. Stressing the positive impact, the Indian economy has become more structured, allowing it to compete with other world economies. Banking, public administration, military organization, modern medicine, education, English language and literature, and road, rail, and water transportation networks all flourished. To manage the princely states of India and to export spices and other precious raw commodities to Europe, the British East India Company had a pressing need develop a public transport system in India. Sir C.P RamaswamyIyer was an Indian politician. At the time, the Minister of Travancore recognized the need for a public transportation system and believed it would be extremely beneficial to the general public. From 1936 to 1947, he served as an advisor to Sri Chithirathirunal before being promoted as Minister of Travancore. Sir C. P. gave the Kerala public road transportation system his full support, and it was opened by Shri. ChithiraThirunal Balarama Varma in 1938. During his reign, Travancore saw a slew of social improvements. Travancore became the first state in India to nationalize road transport under his leadership in 1940. Following independence, the Travancore State Transport Department was reorganized to increase efficiency and satisfy social obligations by providing improved passenger transportation and extending service. Kerala State Road Transport Corporation was founded on March 1, 1965. The Road Transport Corporation Act of 1950, the Motor Vehicle Act of 1950, which was amended in 1956 to include provisions regarding the nationalisation of passenger service, and the Motor Vehicle Act of 1988, which was amended in 1988 to include provisions regarding the collection of vehicle tax, issuing motor vehicle licences and permits, vehicle registration, and other matters, were all enacted before becoming an autonomous corporation. The Motor Accident Claim Tribunal was established to provide insurance protection for passengers in the event of an accident, and the Consumer Dispute Redressal Forum was established to address passenger complaints (CDRF). The legal framework is as follows.
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