THERE are some good news for
the employees of 11 sick PSUs. The central government has approved
the proposal for providing Rs.287.67 crore for the payment of
provident fund, gratuity, pension, salaries and wages of 11
loss-making...
Central Public Sector Enterprises (CPSEs).
"The Cabinet Committee on Economic
Affairs (CCEA) approved the proposal for providing non-plan budgetary
support of Rs.287.67 crore for dues, provident fund, gratuity,
pension, employees state insurance, bonus and salary from 01-09-2013
to 31-03-2014," the government said in a statement.
According to the statement, the 11
CPSEs include Hindustan Cables, HMT Machine Tools, HMT (Watches), HMT
(Chinar Watches), Nagaland Pulp and Paper, Triveni Structural,
Tungbhadra Steel Products, Nepa, HMT Bearings, Hindustan Photo Films,
Heavy Engineering Corporation.
"Payment of outstanding dues of
salary and wages would mitigate the hardships of the employees. The
payment would also motivate them for giving better output and prepare
them to achieve the goal of revival of these companies," the
statement added.
Payment of statutory dues, salary and
wages in sick/loss making CPSEs under the department of heavy industry
The cabinet committee on economic affairs, chaired by Prime Minister Narendra Modi, approved the
proposal for providing non-plan budgetary support of Rs. 287.67 crore
for liquidation of statutory dues (Provident Fund, Gratuity, Pension,
Employees State Insurance and Bonus) and salary and wages from
01-09-2013 to 31-03-2014 for 11 CPSEs.
The list of the sick PSUs includes:
Hindustan Cables Ltd.,
HMT Machine Tools Ltd.,
HMT (Watches) Ltd.,
HMT (Chinar Watches) Ltd.,
Nagaland Pulp and Paper Co. Ltd.,
Triveni Structural Ltd.,
Tungbhadra Steel Products Ltd.,
Nepa Ltd.,
HMT Bearings Ltd.
Hindustan Photo Films Limited
Heavy Engineering Corporation Ltd.
It is expected that the payment of
outstanding dues of salary and wages would mitigate the hardships of
the employees. The payment would also motivate them for giving better
output and prepare them to achieve the goal of revival/re-structuring
of these companies. In addition, clearance of outstanding statutory
dues would result in fulfilment of statutory obligations, added the
statement.
Thanks for our PM,FM and DHI.still pending the salary for the month of April 2014 to Aug 2014.Sick psu salary support was approved in dec 2013,By UPA Govt.After the long time now the NDA Govt approved the salary support.
ReplyDelete