Pondy to constitute Corporate Committee

Puducherry, Oct 3: Stating that the cooperative institutions in the Union Territory were running in loss, Minister for Cooperation M Kandasamy today said the administration would constitute a committee to look into the issue and bring back the institutions in the right track.

Talking to newspersons at the venue of the 'Pontex' exhibition here, he said 'Pontex' is a commercial institution and it was highly necessary to enhance production and profit.

He said this year Pontex employees would get the same bonus as last year. However, in the coming years, salary and bonus could be disbursed only if there was profit.

UNI