<h1>State transport corporation losses surge to Rs 10,324 crore in FY24 from Rs 4,603 crore in 2018-19</h1> A state transport corporation's white paper revealed accumulated losses of Rs 10,324 crore in FY24, up from Rs 4,603 crore in 2018-19. The corporation achieved profitability in only eight years over the past 45 years. Contributing factors include bus shortages, aging vehicles, loss-making routes, inadequate fare revisions, and illegal transport operations. The corporation owes over Rs 3,500 crore in dues and faces an additional unaudited loss of Rs 1,217 crore for FY25. Recovery measures include inducting 5,000 new buses annually, developing revenue-sharing fuel pumps, and implementing digital ticketing systems.