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| Name | Hyderabad Metro Crisis: L&T Vs Telangana Government Over Free Bus Rides |
| Video Uploader | Video From Business Today |
| Upload Date | This Video Uploaded At 20-05-2024 07:00:22 |
| Video Discription | #loksabhaelections2024 #L&T #cmrevanthreddy #pmmodi #telanganaelection2024 #L&Tvstelanganagovernment An exclusive interview has set the cat among the pigeons. L&T, which owns a 90% stake in Hyderabad Metro, has minced no words in blaming the Congress government in Telangana for low metro ridership. On the verge of exit, L&T director R. Shankar Raman stated that Congress's poll promise of free bus rides for women has drastically dropped metro ridership from 550,000 to 480,000, spiraling losses for the company, which already faces ₹13,000 crore in debt. In response to this interview, Telangana Chief Minister Revanth Reddy sniped at L&T, saying that if the company wishes to abandon the Hyderabad Metro project due to the state government’s free bus fare policy, they are free to pull out. He asserted that the government will hunt for another interested party to operate it and confirmed that the free bus ride for women will continue. L&T has announced plans to sell off the Hyderabad Metro project by 2026, in which the Telangana government also holds a 10% stake. The issue also resonated with the Prime Minister in his no-holds-barred interview with India Today, highlighting the far-reaching side effects of freebies. As top-level discussions continue to salvage the Hyderabad Metro crisis, state politics around the issue simmers. Opinions on the ground, as found by India Today, were nuanced. While Hyderabad is desperate for a robust public transport system, the neighboring state capital Bengaluru seems to have improved its metro footfall in the past year despite a similar promise of free bus rides for women by Karnataka Congress. There's hope that the newly minted Telangana government can find a formula for all modes of public transport to complement one another rather than contradict. ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/ |
| Category | News & Politics |
| Tags | Business Today | business today live | Trending news | Viral news | election | election 2024 | bjp vs congress | POLITICS OVER FREE BUS RIDES | Hyderabad Metro Crisis | L&T Vs Telangana Government | free bus ride | Chief Minister Revanth Reddy | L&T | Hyderabad Metro project | Hyderabad Metro project by 2026 | Hyderabad Metro crisis | Karnataka Congress | Telangana government | public transport | pm modi | loksabha elections | effects of freebies | freebies | election commision of india | bjp | congress |
