<h1>Financial distress in state transport: white paper details causes and a package of fleet, revenue and asset-monetisation reforms.</h1> MSRTC's accumulated losses reached Rs 10,324 crore in FY2023-24 with an unaudited loss for FY2024-25; causes include aging and insufficient fleet, loss-making social routes, inadequate fare revisions, and illegal competition. The white paper proposes fleet expansion (leased high-end coaches, LNG/CNG, electric buses), annual procurement targets, ERP and GPS passenger app implementation, digital ticketing and NCMC rollout, CCTV installation, welfare measures, and asset monetisation via fuel-pump revenue-sharing and BOT/PPP models to increase revenue and reduce costs.