The Kerala State Road Transport Corporation (Passenger Group Personal Accident Insurance, Improved Passenger Amenities, Employees' Social Security and Cess on Passenger Ticket) Act, 2014

The Kerala State Road Transport Corporation (Passenger Group Personal Accident Insurance, Improved Passenger Amenities, Employees' Social Security and Cess on Passenger Ticket) Act, 2014

Finance201411 sections

The Kerala State Road Transport Corporation (Passenger Group Personal Accident Insurance, Improved Passenger Amenities, Employees' Social Security and Cess on Passenger Ticket) Act, 2014 empowers the state public transport corporation to collect a small surcharge, known as a cess, ranging from one rupee to ten rupees on passenger tickets priced above fourteen rupees. This collected money is initially credited to the Consolidated Fund of the State and subsequently transferred every quarter to a designated KSRTC fund. The law uses these proceeds to provide group personal accident insurance to bus passengers, upgrade station amenities like drinking water and restrooms, and fund pension payments for retired KSRTC workers. For everyday commuters across Kerala, it establishes a formal legal right to insurance coverage during travel while supporting public transit infrastructure and employee social security.

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