SRINAGAR: The Employees of Jammu and Kashmir State Road Transport Corporation (JKSRTC) will get 15% Dearness Allowances (DA) from this month and the decision was taken at the 71st Board of Director Meeting of Corporation held here Thursday under the Chairmanship of Minister for Transport and CAPD, Ch Mohammad Ramzan, who is also chairman of the Board.
Minister of State for Transport, Dr Manohar Lal Sharma was also present in the meeting.
Reviewing the performance of the Corporation, it was informed that the Corporation has earned revenue of Rs. 99.84 crore during 2013-14 which was Rs. 89.96 crore during the previous financial year thereby registering a growth of 11%. In view of the better performance and encouraging revenue generation, the Board released 15 percent DA installment in favour of the employees from this month.
The meeting also adopted the constitution of Establishment and Finance Committee for regularization of establishment and finance matters of the Corporation, Constitution of Sub-Committee of Board under the Chairmanship of Economic Advisor, J&K Government to examine release of COLA/6th Pay arrears in favour of SRTC/erstwhile GTU employees and Constitution of Committee to examine proposed revision of delegation of powers.
The Board also approved the Budget estimate of the Corporation for the year 2014-15 while the revised estimate for the year 2013-14 were also approved besides adoption of accounts for the year 2010-11 and 2011-12 for further submission of CAG for auditing.
Speaking on the Occasion, Ramzan asked the authorities of the Corporation to take necessary measures for making the Corporation a profitable organization besides asking them to ensure safe and efficient bus services to the commuters and visitors. He said the Corporation has important role in the transport sector and asked the officers of the Corporation to streamline the bus and truck services to meet the local demands in the State.
Economic Advisor to Government, Jalil Ahmed Khan, Principal Secretary Finance, BB Viyas, Secretary Transport, Shahid Anayat Ullah, Secretary Housing and Urban Development, Mohammad Akbar Ganai, Director General Budget, Mohammad Isaq, Transport Commissioner, Sourab Bhagat, Chief Engineer R&B, Kashmir, SK Razdan, MD, JKSRTC, GS Tandoon and other senior officers of Corporation were also present on the occasion.