The Board of Directors, which met after a gap of two years, decided that an employee of the corporation in service on June 1, 2014, or appointed on or after that date, shall retire on his attaining the age of 60 years, a spokesman said.
The retirement age at AIDCL was 58 years earlier.
The Board also gave in-principle approval to the implementation of 6th Pay Commission, but asked the Managing Director of the corporation to come up with draft resolution to workout financial implications in this regard.
With regard to non-functional petrol pump at Lal Mandi, Srinagar, Agriculture Minister Ghulam Nabi Lone Hanjura, who is also the chairman of the corporation, directed AIDCL to prepare a detailed project report along with financial involvement and submit the same in its next meeting.
The Board also asked the corporation to prepare a comprehensive plan for relocation of cold storage plant from Lal Mandi Srinagar to Khunmoh in Pulwama district and submit the same in next board meeting.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app