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Pension hike for college teachers

india Updated: Aug 25, 2006 01:32 IST

THE STATE Cabinet today decided to increase the pension of retired teachers and non-teaching staff of universities and unaided colleges. It also approved a proposal that the State Government would stand guarantee for the loan being drawn from the Power Finance Corporation for expansion of Pareeksha and Harduaganj power plants.

Chief Minister Mulayam Singh Yadav presided over the meeting of the State Cabinet that took a decision that teachers and non-teaching employees, who have retired before January 1, 1996, would get the revised pension.

This would be on the pattern of the pension paid to State Government employees (who retired before January 1, 1996). Under the new package, the pensioner would get a raise of 40 per cent on last basic salary drawn.

On the expansion of Pareeksha and Harduaganj power plants, the State Cabinet decided that it would stand guarantee for the loan being taken from the Power Finance Corporation for the purpose. A sum of Rs 2000 crore is being spent to set up two additional units of 250 MW each at Pareeksha and Harduaganj. BHEL is carrying out the expansion work. While the PDC is providing 70 per cent loan for the project, the State Government would provide the remaining amount. The State Cabinet also agreed to a proposal to stand guarantee for the loan to the tune of Rs 3000 crore being drawn for power reforms.

It also gave its go ahead to invest a sum of Rs 412.25 crore in the Tehri Hydroelectric Development Corporation. In return, the State would get 37.37 per cent of the power generated there. The cabinet also approved onetime settlement scheme for the traders of building material.

The State Cabinet also decided to grant rebate on the loan given to handloom weavers and the cooperative societies. As per the decision, the weavers would be allowed to pay back the loan in two quarterly installments. The weavers would be given 50 per cent rebate on paying back such loan.

The Cabinet also decided to allow transfer of properties allotted by the power of attorney till December 31. As per the decision, the properties allocated by the development authorities and agencies functioning under the industrial development department would now be transferred through power of attorney.

The transfer of nearly 25000 properties had remained pending as the date allowing transfer through power of attorney had ended on June 30.

It was also decided that the National Rural Health Mission would be implemented in accordance with the revised directives from the Centre. As per the decision, the State Government has set a target to bring down the Infant Mortality Ratio by 50 per cent. The State Cabinet decided to dissolve the core committee of the Ram Manohar Lohia Law Institute coming up at Lucknow. It decided to waive off the penalty of Rs 8.5 lakh imposed on the Akhil Bharatiya Sanskrit Parishad for not carrying out construction on its land on the land given by Lucknow Development Authority.