Srinagar, Mar 31: The Comptroller and Auditor General of India has depicted a grim picture of Jammu & Kashmir State Road Transport Corporation (JKSRTC) as the department has registered accumulated losses to Rs 1,639.01 till 2018-19 fiscal year.

According to the report, despite a 20 per cent increase in paid-up share Capital from Rs 204.74 crore in 2014- 15 to Rs 245.57 crore in 2018-19, there was a 33 per cent increase in accumulated losses from Rs 1,229.56 crore to Rs 1,639.01 crore.

The report said that capital infused by the Government was not efficiently used by the Corporation.

"The Planning Wing of the Corporation had not prepared any perspective plan or long term plan for its revival," the report said.

The report said the shortfall in achievement of targets of operative fleet and revenue collection targets during the period from 2014-15 to 2017-18 ranged between 28 per cent to 33 per cent and 31 per cent and 37 per cent, respectively.

“The overall shortfall in achievement of target of revenue during the period from 2014-15 to 2017-18 was Rs 165.22 crore,” the report said.

The report said that the corporation failed to earn its operational revenue, as operation loss ranged between Rs 15.03 per Km to Rs 34.68 per kilometer during the period from 2014 to 2019.

“The Corporation could not improve on the availability of vehicles as the overall fleet strength during the period from 2014-15 to 2018-19 decreased by 133 vehicles (14 per cent), despite addition of 142 vehicles during the same period," it said.

The report said that the services of drivers/ conductors were not utilised effectively, as the drivers/conductors remained attached with the vehicles detained at workshops despite the required staff available at the workshops, resulting in payment of Rs 44.95 crore to staff remaining idle.

“Internal control mechanism of the Corporation was inadequate, board meetings, monthly meetings, administrative inspections and vigilance checks were not conducted regularly,” the report reads.