JK Cable Car achieves `23 cr annual revenue target in 7 months

Govt sanctions 7% DA to corporation employees


Jammu, Nov 12: Government today approved release of 7 per cent DA in favour of Jammu and Kashmir Cable Car Corporation (JKCCC) Employees with effect from July 2012.
 The decision in this effect was taken at Corporation’s 19th Board of Directors meeting held under the chairmanship of Minister for Tourism and Culture, Nawang Rigzin Jora here today.
 While approving the release of D.A. instalment, the Tourism Minister, who is also chairman of J&K Cable Car Corporation said that the employees of the corporation would now get DA at par with other government employees.
 Commissioner/Secretary, Tourism, Atul Duloo, Managing Director, JKCCC, Talat Parvez, Secretary JKCCC, Ajaz Ayaz were among other Board members attended the meeting, an official statement said.
 He appreciated the efforts of the Corporation for raising higher revenues as compared to previous years and urged the employees to work with more dedication and devotion for making the Corporation vibrant and commercially strong.
 He said that other genuine demands of the employees would be also redressed in due course of time.
 The Minister hailed Managing Director, JKCCC for achieving annual revenue target of Rs 23 crore five months ahead of the completion of this financial year.
 He underscored the need for early taking up of Cable Car Projects already identified and approved in tourism potential areas of the state.
 The Minister disclosed that National Wild Life Board has given its nod for construction of Mubarak Mandi Cable Car Project.
 He said the project has been already allotted for construction and would be completed at an estimated cost of Rs 45 crore.
 He issued directions to Managing Director to get other matters solved with revenue and environment department well in time so that project work is not delayed.
 Jora also asked the MD to ensure formulation of speedy DPRs and drawings for all related matters for construction of Shiv Khori Cable Car Project well in time.
 The meeting also adopted the financial accounts for the year 2006-07 of the corporation which “have been observed satisfactorily by the Comptroller and Auditor General,” the statement said
 It said the accounts of the corporation up to 2009-10 have also been sent to CAG for comments.
 The Minister instructed corporation functionaries to prepare and get cleared audit accounts from CAG up to 2011-12 well in time.
 Giving resume activities of the corporation, the Managing Director apprised the meeting that for the first time the corporation is running on a profit of Rs 3.50 crore.
 He informed that the current fiscal revenue target of Rs 23 crore has been achieved by the Corporation surpassing previous years’ targets.

Lastupdate on : Mon, 12 Nov 2012 21:30:00 Makkah time
Lastupdate on : Mon, 12 Nov 2012 18:30:00 GMT
Lastupdate on : Tue, 13 Nov 2012 00:00:00 IST

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