Keeping in view the encouraging revenue generation by the J&K State Road Transport Corporation (SRTC) during last fiscal, the employees of the corporation will be provided 20 per cent Dearness Allowance prospectively. This decision was taken in the 70th Board of Directors Meeting of the Corporation held in Jammu on Friday.
Choudhary Mohammad Ramzan, Minister for Transport, CAPD chaired the meeting.
Reviewing the performance of the corporation, it was informed that the corporation has earned revenue of Rs. 83.43 crore during 2011-12 against Rs. 55. 26 crore earned in 2010-11, thereby registering growth of 51 per cent.
The meeting also adopted Sixth Pay Commission scales with effect from April 1, 2012 without paying D.A to the employees so far.
Taking few more decisions, tThe meeting also adopted Group gratuity Scheme for the employees of the Corporation through LIC of India, compassionate appointment in favour of dependents of J&K SRTC employees who died in harness on case to case basis and execution of works for providing better amenities to the convenience of both general public, tourists and its employees at various locations in the State.
The Board appreciated the liquidation of accumulated liabilities of the corporation by Rs 33.45 crore during 2011-12 and 2012-13.
Speaking on the occasion, Ramzan asked the employees of the corporation to work hard for making it a viable corporation and ensure safe and efficient bus services to commuters and tourists besides timely transportation of food grains to every nook corner of the state.