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Check corruption in PSUs to stem losses

<p>Yesterday, this paper had highlighted how the senior staff, depot managers and bus conductors were conniving and causing losses running into crores to the Maharashtra State Road Transport Corporation (MSRTC), and had also exposed alleged irregularities in a tender related to the auction of scrap</p>

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Yesterday, this paper had highlighted how the senior staff, depot managers and bus conductors were conniving and causing losses running into crores to the Maharashtra State Road Transport Corporation (MSRTC), and had also exposed alleged irregularities in a tender related to the auction of scrap.

These revelations belie the current dispensation’s claims of instituting credibility, accountability and transparency in governance. The loss-making MSRTC, it turns out, is no different from any of the other state corporations that are in the red as a result of weak institutional mechanisms to check prevalent corruption.

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