Altaf for improving financial health of SFC
Corporation earns Rs 61 cr
GK NEWS NETWORK
Jammu, Jan 24: Minister for Forests and Environment, Mian Altaf Ahmad today asked State Forest Corporation (SFC) management to frame a refurbishment plan to improve the annual dividends of the company.
Chairing the 64th Board of Director’s meeting of the Corporation here today, the minister asked the management to initiate some innovative measures to improve the financial health of the corporation and assured every help from the government in making the company more profitable and self-sustaining.
The Minister suggested that the extraction of lakhs of dry and fallen trees across the state would go a long way to meet the set targets and keep the corporation business going. He said that the extraction of fallen tress is with the corporation and the management shall draw a comprehensive plan to do this tedious task. He also asked the officers to meet the social obligation of making available adequate stocks of timber for the public consumption.
“To ensure hassle free supply of timber to the consumers is one of the top priorities of the corporation” Altaf asserted adding that the needs of people for construction of houses are to be met at any cost. However, he stressed for ensuring that the timber supplied by the corporation reach to the genuine consumers.
The Board took some decisions which include incentives to labours engaged in SFC lumbering operation by enhanced of rates, measures to improve the quality if timber extracted provision for cash compensation to next-of-kin of those SFC employees who die in harness enhanced from Rs. 1 lakh to 5 lakh and measures to be taken to maintain financial health of SFC.
Earlier, the meeting was informed that during the current year, the SFC has extracted 15.81 lakh cft and transported 16.689 lakh cft. It has also sold 11.38 lakh cft of timber in open auction and achieved revenue of Rs. 6088.57 lakh up to ending of 12/2011. In addition to this, the Corporation has supplied 3.38 lakh cft to the Forest department for supply to the consumers living in “c” zone areas. The SFC has also supplied timber to the tune of 45,572 cft to the consumers of twin cities Jammu and Srinagar.
Lastupdate on : Tue, 24 Jan 2012 21:30:00 Makkah time
Lastupdate on : Tue, 24 Jan 2012 18:30:00 GMT
Lastupdate on : Wed, 25 Jan 2012 00:00:00 IST
- MORE FROM BUSINESS
‘Gun has important role’
KASHMIR NEWS SERVICE
Srinagar, Jan 24: Chairman of United Jihad Council and supreme commander of Hizbul-Mujahideen, Syed Salahuddin, on Tuesday hailed separatist leaders for raking up day to day issues of people. Talking More
- Srinagar City
80% RISE IN ATTACK ON HUMANS; 0 % ACTION AGAINST CANINES
Srinagar, Jan 24: The dog bites have broken all previous records in the City with almost 80% increase in the deadly cases within a year. From 4230 cases reported in 2010, the number swelled to 7257 in More
Jammu, Jan 24: The Jammu and Kashmir government has submitted a proposal to the Centre to increase of relief amount for Kashmiri migrants in the state. "The state government has submitted a proposal More
- South Asia
PRESS TRUST OF INDIA
Islamabad, Jan 24: Foreign Minister Hina Rabbani Khar today called for continuing the India-Pakistan dialogue process in a "sustained, time-bound and result-oriented manner" to decrease "mistrust" between More
PRESS TRUST OF INDIA
Washington, Jan 24: India has made "sincere efforts" to reduce trust deficit with Pakistan with which it has a history of complicated relationship, a top Indian diplomat has said, as she expressed concern More