Take corrective measures to improve JKPCC's financial health: Advisor Sharma

Advisor to Governor KK Sharma Thursday called for taking necessary corrective measures to improve financial health of the J&K Projects Construction Corporation (JKPCC).

Chairing 94th Board of Directors Meeting of JKPCC here, the Advisor called for a special audit of the Corporation accounts by the Finance Department to pinpoint the lapses if any.

Financial Commissioner Finance Arun Kumar Mehta, Commissioner Secretary R&B Khurshid Ahmad Shah, Development Commissioner Works, Chief Engineers Jammu, Kashmir and other senior officers were present in the meeting.

The Advisor said that the JKPCC being one of the premier project executing agencies of the State should ensure that it always maintains transparency at all levels and works should be allotted through proper bidding and e-tendering system.

The Advisor asked JKPCC authorities to strike a judicious balance between income and expenditure and take necessary corrective measures for minimizing the administrative expenses and increasing income.

Underlining the need for ensuring the usage of quality material in the works, the Advisor said quality of works and timely completion of projects should be the benchmark of the Corporation.

He said the delay in completion of works was putting an unnecessary financial burden on the exchequer of the Corporation and called for arresting this tendency.

He asked JKPCC authorities to procure the material, including cement and steel, through a proper tendering system to improve the financial health of the Corporation.

Meanwhile, Advisor Sharma also held a meeting regarding introduction of e-buses in the State under an initiative of government of India.

The meeting was told that the proposed e-buses to be introduced under central government initiative by NTPC would be in addition to already procured ones by Jammu Kashmir State Road Corporation.