x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Time to end discrimination by rechristening KAS as JKAS | Govt suspects Rs 8,000 Cr scam! | Shocking: Inaccuracy in Omar’s samples; one tested negative, another positive | Ex-MLA’s meeting with PRs at Panchayat Ghar raises eyebrows | MS GMC Anantnag negates official claims, says No ICU bed reserved for COVID-19 patients | Payments released but no work done in Kotranka block | Runway expansion enters final stage, AAI to inspect facility for ultimate nod | Night curfew extended to all J&K districts | Lockdown should be the last option: Modi to state governments | Forum for peace & territorial integrity hold one day seminar | Urdu poetry book “Aahatein” authored by Ashok Paras released | COVID-19 Jab For All | Terrorism in cyberistan | Board exams must be scrapped permanently | Elite Tigers, Samar Stickers win matches in ongoing PPCPL | COVID-19, A Global Pandemic that caused a sudden transition in Education system | Sale of Dates on the Rise During Ramadan in Kashmir Valley | It is important to take care of mental health | GDC Jindrah initiated awareness campaign for COVID-19 vaccination | AJKPC president donates cricket kit to youth | Kashmiri youth repatriated from PoK after 8 months | CADK flays L&T company for ignoring local contractors | Paragliding trail successfully conducted at Panchai Thatri | Massive crackdown on violators of Covid SOPs | Sanjeev Sharma appointed president DCC Samba | Kaith Biradari members visit ancient temples in Utterbehni, Purmandal | GNPF submits memo to Irrigation Department | MHF felicates Bodybuilder for winning | Students, others returning to Kashmir amid rise in COVID-19 cases | Dr Lal Pathlabs centre inaugurated at Jakh | AJKLTF holds meeting, expresses concern over poor network connectivity in rural areas | Ascend Telecom carries out CSR initiative in GMS Dhalli | Ravinder elected as Chairman of Janipur Gurudwara | Shiksha Niketn School celebrates Durga Ashtami | J&K Bank opens new business unit at Sawjian village in Poonch | Dr Dorjey gets Dr APJ Abdul Kalam Scientific Excellence Award | Ravinder cautions people about emerging covid situation | Intra-College Online Quiz Competition held | Another spell of rain, snow likely in J&K | Jammu & Kashmir reports highest single-day spike of 2 030 COVID-19 cases | Youth must stay away from drugs : Sat | JKB Zonal office closed in Anantnag after employees test COVID positive | Traffic on highway suspended due to landslide in Ramban | Traffic resumes on Srinagar-Jammu highway, no traffic today | Rapid Antigen tests for Covid-19 conducted at Ware House | Govt deferred Annual Darbar Move for Summer Session-2021 | Kavinder urges BJP workers to spread awareness about COVID-19, need to get vaccinated | Corruption crosses all limits in J&K, none to take cognizance: Harsh Dev | CB Kashmir produces charge-sheet against fraudster for luring youth for govt job | CCI Jammu delegation calls on Commissioner JMC | Ex-SO of Pulwama hospital in ACB net | 7 GREF contractors booked for violating COVID protocols while bringing labourers to Ladakh | Both Kargil courier sorties cancelled due to bad weather | H&ME Deptt orders transfer of doctors | Ladakh reports 175 new COVID-19 cases | Border town of Keran again cutoff; roads to dozens of other far-flung areas remain closed | Govt should chalk out policy to address admission problems faced by students: Bukhari | ANTF seizes huge consignment of illicit Psychotropic drugs | Munish Gupta urges administration for redressal of public issues | Jammu Admin orders opening of shops on rotational basis | Back Issues  
 
news details
JK’s Horticulture Deptt intended to produce apple juice, incurred loss of Rs 98 lakhs
1/14/2021 11:52:17 PM
Early Times Report

Jammu, Jan 14: Failure of the past dispensation to streamline the horticulture produce in Kashmir has resulted in blocking Rs 2.03 crore and a loss of Rs 98 lakhs in one go.
According to the details available with Early Times, stock of apples worth Rs 2.03 crore was lying with Jammu and Kashmir Horticultural Produce Marketing and Processing Corporation (J&KHPMC) Limited for the past more than five years. The laidback approach of the JKHPMC officials led to blocking of the amount and after selling the stock at the reduced price of Rs 40 per kg, the Corporation incurred a loss of Rs 98 lakhs.
Documents in possession of this newspaper reveal that J&KHPMC Limited having its plant at Doabgah Sopore entered into an agreement in August 2013 with a buyer namely M/S Unique Foods for supply of apple juice concentrate of 450 MTs at the rate of Rs 86,000 per MT, for a period of one year, from 01 October 2013 to 30 September 2014.
The Corporation had an opening stock of 15 MTs of apple juice concentrate as on April 2012 and produced 429 MTs during 2012-13 to 2014-15. Two hundred MTs were produced during 21.07.2012 to 12.12.2012, 135 MTs during 06.10.2013 to 02.12.2013, 14 MTs during 27.10.2014 to 27.11.2014 and thereafter, no production was carried out for around three years. The operations of the plant resumed for a brief period of 41 days from 23 October 2017 to 3 December 2017. The plant was stopped after production of 73 MTs of juice concentrate due to non-availability of working capital.
Records of Corporation reveal that against the available stock of 517 MTs of apple juice concentrate, it could sell only 183 MTs during 2012-13 to 2017-18. Buyer, who had agreed to purchase 450 MTs, lifted only 114 MTs during November 2013 to May 2014 and refused to lift the balance quantity which was not of the desired quality.
Aware of its perishable nature, as it had already exceeded its shelf life of 18 months in June 2014, the Corporation sold 51 MTs which included sale of 45 MTs of stock at a reduced rate of Rs 60,000 per MTs to another buyer in May/ August 2016, resulting in a loss of Rs 7.93 lakh.
Further efforts of the Corporation to sell the balance stock of 334 MTs, which included stock of 261 MTs produced during 2012-15 did not materialise, resulting in blocking of capital of Rs 2.03 crore. In view of its perishable nature, the stock entailed a loss to the Corporation due to its expiry.
Till date no inquiry has been ordered into the matter, leading to the questionable functioning of the past administrative setups in Jammu and Kashmir wherein making the J&K self-reliant remained on the papers only.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU