Srinagar, Aug 9: Ahead of Eid, Minister for Industries and Commerce,   S. S. Slathia today released Rs 70.67 lakh on account of retirement benefits to retired employees of the Jammu & Kashmir Minerals Limited.
 The Corporation had accumulated the liability on account of retiral benefits from 1999 onwards due to its precarious financial conditions. However, with the improvement in its resource position for last 3 years, the Corporation, on the directions of   S. S. Slathia, started the process of payment of retiral benefits to the retirees in April 2011 and in just one year and 4 months paid Rs. 3.83 crore to 264 retirees out of its own resources.
 Speaking on the occasion, Slathia assured that all the available resources would be pooled to clear the backlog to the retirees of the Corporation.
 He asked the Managing Director of the Corporation,   V. C. Sharma to further reactivate men and machinery to improve the financial health of the Corporation, an official statement said.
 He called upon the workers of the Corporation to work with dedication and zeal.
 Slathia said that it was Government’s endeavour to further strengthen the Corporation. 
 He said those who got cheques today had almost lost the hope now “but we assure all the retirees that their dues will be paid in full in due course of time.”

Lastupdate on : Thu, 9 Aug 2012 21:30:00 Makkah time
Lastupdate on : Thu, 9 Aug 2012 18:30:00 GMT
Lastupdate on : Fri, 10 Aug 2012 00:00:00 IST