March 29, 2024 21:14 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi to kickstart BJP's Lok Sabha poll campaign from Meerut | Kangana Ranaut in Mandi: 'Don't think I am a heroine, consider me as your sister and daughter' | Mayawati, Akhilesh Yadav demand high-level probe into Mukhtar Ansari's death | PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63
Cabinet approves financial assistance to retired employees of Bharat Pumps and Compressors Limited, Allahabad

Cabinet approves financial assistance to retired employees of Bharat Pumps and Compressors Limited, Allahabad

India Blooms News Service | | 28 Sep 2016, 06:05 pm
New Delhi, Sept 28 (IBNS): The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the proposal of Department of Heavy Industry for providing financial assistance amounting to Rs. 111.59 crore as Non-Plan loan to Bharat Pumps and Compressors Limited, Allahabad.

The CCEA also accorded "in principle" approval for strategic disinvestment of the company, read a government statement.

The statutory dues such as provident fund and gratuity of retired employees will be discharged and the outstanding dues of CISF will be cleared.

It will motivate the employees and improve the performance of the Company.

This will put an end to further legal complications and penal action against the Company.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.