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Rs 852 cr package to clear workers` dues in PSUs
New Delhi, Oct 16: The government on Wednesday announced a Rs 852 crore one-time package to clear workers` dues in 33 unviable central public sector undertakings.
New Delhi, Oct 16: The government on Wednesday announced a Rs 852 crore one-time package to clear workers' dues in 33 unviable central public sector undertakings.
This decision was taken at the cabinet meeting chaired by the Prime Minister Atal Bihari Vajpayee, Parliamentary Affairs Minister Sushma Swaraj told reporters.
The total amount required for clearing such dues was Rs 974.36 crore, of which Rs 122 crore would be raised by the PSUs themselves. The remaining Rs 852.37 crore would be provided as one-time budgetary support, she said.
This financial support to the 33 sick and loss making central PSUs is based on the government action plan for "revival, closure or disinvestment of the enterprises", she said.
Bureau Report