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PSUs in red under scanner

Shillong, Dec. 4: Altogether 22 corporations and public sector undertakings, most of them loss-making units, are likely to come under the scanner of the newly constituted Public Undertakings Committee (PUC) of the Meghalaya Legislative Assembly.

The chairman of the PUC, Sayeedullah Nongrum, said today the functioning of these loss-making units would be examined thoroughly to understand the gap between the expenditure to sustain these bodies and their profits.

The House yesterday approved the name of Nongrum as the chairman of PUC as the current term of the committee has already expired.

The Speaker announced that legislators J.M. Marak and A.L. Hek would be the chairmen of Public Accounts Committee and Public Estimate Committee respectively.

Nongrum said during his term as the chairman of the previous PUC, the functioning of the Meghalaya Transport Corporation (MTC) was examined and even suggested remedial measures.

The MTC report had revealed that the corporation is not in a position to make any profit because of excess staff coupled with pension liabilities. The report found that the corporation is incurring loss on account of salaries paid to the ministerial staff and the mechanical staff. The expenditure incurred by MTC on salaries exceeded its earnings.

Nongrum said the task of the PUC is to find out the loopholes in the functioning of units undergoing a loss.

The loss-making corporations include Meghalaya Bamboo Chips Ltd, Meghalaya Government Construction Corporation, Meghalaya Mineral Development Corporation and Meghalaya Tourism Development Corporation.

Government officials and Opposition members have in the past suggested winding up of loss-making units by implementing voluntary retirement schemes.

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