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...Chapter ii performance audit relating to statutory corporation gujarat state road transport functioning of executive summary introduction was established on may under section the corporations rtc act with mandate provide an efcient adequate economical and properly co ordinated services as march had a eet strength buses further volvo were taken hire for operating selected routes carried average lakh passengers per day during latest nalised accounts year accumulated losses crore findings financial income km increased from due two fare revisions increase in other besides subsidy however continued report net loss worth negative three years operational load factor decreased cent it utilisation percentage overage but ranged between against all india cancellation schedule kms mainly want crew which avoidable share public declined decrease manpower fuel constituted total cost higher non procurem ent mini inadequate recovery psus ended no toll tax excess hiring contract incurred its operations ...