Tag: Timber Himachal

  • Timber cartels in Himachal causing huge losses, says auditor

    Timber cartels in Himachal causing huge losses, says auditor

    Shimla, (IANS) The cash-strapped Himachal Pradesh State Forest Development Corp Ltd had accumulated losses of Rs.52.75 crore till the end of fiscal 2014-15 due to cartelisation by purchasers, the Comptroller Auditor General of India (CAG) has said. The CAG said the cartels resulted in the loss of Rs.18 crore on sale of deodar alone in…