In a major growth, the Union Cabinet on Wednesday permitted an allocation of Rs 22,000 crore to 3 state-owned gasoline retailers to cowl losses incurred whereas promoting LPG under price value, launch of Productivity Linked Bonus (PLB) to Railways. Lump sum grant permitted. Construction of employees and container terminal at Deendayal port in Gujarat.
Grant to Oil PSUs
The authorities will present a one-time grant of Rs 22,000 crore to 3 state-owned gasoline retailers- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) to cowl losses. On promoting Liquefied Petroleum Gas (LPG) to customers under price from June 2020 to June 2022.
During this era, the worldwide costs of LPG elevated by about 300 per cent. However, to guard customers from fluctuations in worldwide LPG costs, the price escalation was not handed solely on to customers and LPG costs elevated by solely 72 per cent, an official assertion stated.
bonus to railway workers
The authorities permitted bonus for railway workers for the monetary 12 months 2021-22, which is often given yearly earlier than the Dussehra or Durga Puja holidays.
About 11.27 lakh non-gazetted railway workers have been paid PLB quantity equal to 78 days’ wage, with a most payable of Rs 17,950 per eligible railway worker.
A authorities assertion stated that the choice to pay the PLB has been taken regardless of the hostile monetary scenario resulting from post-Covid challenges.
The above quantity has been distributed to numerous classes together with Track Maintainer, Driver & Guard, Station Master, Supervisor, Technician, Technician Helper, Controller, Pointsman, Ministerial Staff and different Group ‘C’ Staff.
Container Terminal at Deendayal Port
Information and Broadcasting Minister Anurag Thakur informed media individuals {that a} venture to develop a container terminal underneath Public-Private Partnership at Tuna-Tekara in Deendayal Port of Gujarat has been permitted.
The estimated price of Rs. 4,243.64 crore shall be from the concessionaire and for the event of widespread person amenities, the estimated price of widespread person amenities shall be Rs. 296.20 crore from the concessionaire.
Deendayal Port is among the 12 main ports of India and is located on the west coast within the Gulf of Kutch in Gujarat.
The Concessionaire shall be answerable for the venture’s design, engineering, financing, procurement, implementation, commissioning, operation, administration and upkeep.
The Multi-State Co-operative Societies (Amendment) Bill, 2022
The authorities permitted the Multi-State Co-operative Societies (Amendment) Bill, 2022, which seeks to amend the Multi-State Co-operative Societies Act, 2002.
The amendments have been introduced in to enhance governance, enhance the electoral course of, strengthen the monitoring mechanism and enhance transparency and accountability.
The Bill, other than elevating funds in multi-state cooperatives, additionally seeks to enhance the composition of the board and guarantee monetary self-discipline.
Scheme for North Eastern States
The authorities permitted the Pradhan Mantri Development Initiative (PM-Divine) for the Northeast Region, a Rs 6,600-crore scheme to help infrastructure, industries and different livelihood tasks within the northeastern states.
It shall be carried out from 2022-23 to 2025-26 and is a 100% central authorities funded scheme.
The goals of PM-DIVINE are: Fund for infrastructure within the spirit of PM Gati Shakti, help social growth tasks based mostly on the wants of the NE sector, allow livelihood actions for youth and girls and fill progress gaps in numerous sectors. .
(with inputs from PTI)
With inputs from TheIndianEXPRESS
