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Compliance Performance
Jammu and Kashmir State (Upto 30-Oct-2019)

Report 2 of 2016 - Social, General, Economic PSUs Sectors Jammu and Kashmir

Date on which Report Tabled:
Mon 27 Jun, 2016
Date of sending the report to Government
Government Type
State
Sector Social Welfare

Overview

This Report contains one Performance Audit on ‘Working of Jammu and Kashmir Cements Limited’ and seven paragraphs involving a financial effect of Rs. 964.32 crore relating to doubtful

recovery of loan, avoidable extra expenditure, loss of revenue and blockade of funds, unplanned execution of power projects, non-payment of labour cess etc.

The State of Jammu and Kashmir had 23 working PSUs (20 Companies and three Statutory Corporations) and three non-working PSUs which employed 24,306 employees. Power sector

accounted for 51.42 per cent, i.e., Rs. 2727.54 crore of the total investment in 2014-15. The Government contributed Rs. 84.67 crore towards Equity, Loans and Grants/Subsidies to State PSUs

during 2014-15. As on 31 March 2015, the investment (capital and long-term loans) in 26 State PSUs and Statutory corporations was Rs. 5304.69 crore. The total investment consisted of 16.50

per cent as capital and 83.50 per cent as long-term loans. The investment has grown by 1.51 per cent from Rs. 5225.63 crore in 2010-11 to Rs. 5304.69 crore in 2014-15.

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