Jammu, May 14: Minister of State for Cooperative, Stationery and Printing, Dr. Manohar Lal Sharma chaired a meeting to review the functioning of Jammu and Kashmir Cooperative Supply and Marketing Federation Ltd (JAKFED),   here today.
 Expressing satisfaction over its improving returns for last few years, he instructed the concerned officers to implement the District Development Board Meeting decisions for further improvement in the functioning of the Federation. He said that the performance of the functionaries shall be continuously monitored and better performers would be suitably awarded. He however said that there would be no room for non-performers.
 The Minister assured that the cases pending under SRO 43 will be cleared shortly. He also said that the computerization of the record of the JAKFED is also on cards.
 The Minister was apprised that the Federation is on the path of the progress as the year wise achievements are encouraging.
 Giving a resume of the achievements, , Managing Director   JAKFED   Ravinder Gupta said that the   during the year 2010-11, JAKFED earned a profit of Rs.44.78 lakh against previous year’s returns of Rs.27.60 Lakh registering an increase of 27.85 percent  .
 He said the Federation earned Rs.249.34 lakh profit in the cement trading during 2010-11 against a profit of Rs.232.04 lakh during previous year, while efforts are being made to expand the business of steel and iron.
 Gutpa also apprised the Minister that Federation opened 20 centres in June 2010 on experimental basis in potential areas. Managing Director said that in the first instance fertilizers and cement were issued to these centres and thereafter NAFED Tea was introduced for sales through these centres. He said at present the Federation has 32 sale centres, while      it is looking forward to open more outlets this year, including five centres in Kashmir division to increase the number to 50.
 Gupta also informed that an amount of Rs.77.37 lakh has been cleared on account of CP Fund in favour of the employees who retired from their services.
 Dr. Manohar Lal issued the instructions to the officers of the Federation to complete the reconciliation work within three months. He said that officers should work with dedication and devotion and warned that no officers or official would be spared for poor performance.
 Dr. Manohar Lal asked the Managing Director to complete the procedure of clearing all the cases under SRO-43 so that the next kin of the deceased could get the job.

Lastupdate on : Sat, 14 May 2011 21:30:00 Makkah time
Lastupdate on : Sat, 14 May 2011 18:30:00 GMT
Lastupdate on : Sun, 15 May 2011 00:00:00 IST