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news details
Kumar chairs 68th BoD meet of JKSFC
Asks SFC to take innovative steps to improve financial health
11/28/2018 10:34:13 PM
Early Times Report

JAMMU, Nov 28: Advisor to Governor, K Vijay Kumar today asked the State Forest Corporation (SFC) to bring efficiency in its functioning and to improve the financial health of the organization by taking innovative steps. He pressed on re-skilling of the employees to have proper utilization of human resource available with the corporation.
The Advisor, who is also the Chairman of the corporation made these remarks while addressing the 68th Board of Directors Meeting of SFC at Civil Secretariat, here today.
The BoD meeting was attended by Principal Secretary Planning Rohit Kansal, Commissioner Secretary Forests M K Dwivedi, PCCF J&K Suresh Chugh, Managing Director JKSFC Vasu Yadav, Director General Codes Mohammad Rafi Andrabi, Chief General Manager (P&P JKSFC) A R Mogal, FA&CAO JKSFC Manohar Lal and other concerned officers.
Managing Director JKSFC gave the overview of the corporation along with its financial and physical achievements. He also presented before the meeting various agenda items for the discussion and approval.
It was informed that during 2017-18, 40.579 lakh cft of timber was extracted and sales were made upto 41.623 lakh cft thereby recording sales revenue (Net) to the tune of Rs 18800.52 whereas during the current year upto ending September 2018, 20.672 lakh cft has been extracted recording sales revenue (Net) upto Rs 8519.69 lakh.
The meeting had threadbare discussions on the various agenda items that were proposed before the Board for its approval.
With regard to the welfare initiatives for the employees of the corporation, it was approved that for payment of gratuity, the ceiling is revised to Rs 20 lakh with effect from March 29, 2018 bringing it in consonance with the Central Payment of Gratuity Act.
The board also approved increase of 12 percent Dearness Allowance (DA) in two installments of 6 percent each making it to 125 percent from the existing 113 percent, the SFC employees are presently getting.
While discussing the initiatives undertaken by the corporation to ensure its operations through digital platforms, the Advisor asked for doing all the process of extraction digitally thereby ensuring zero leakage. All the services should be made online to achieve better results, he added.
In another important move, the board also approved release of payment to Wakf Board against the stocks of Baba Reshi to the tune of Rs 1.13 crore.
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