UP cabinet raises retirement age from 58 to 60 yrs | india | Hindustan Times
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UP cabinet raises retirement age from 58 to 60 yrs

The cabinet decided to make contractual appointments of Professors, Readers and Lecturers in State Ayurvedic and Unani colleges, reports Umesh Raghuvanshi.

india Updated: Dec 11, 2006 23:07 IST

The state cabinet on Monday raised retirement age of employees working in power corporations and power companies from 58 to 60 years. It also decided to bifurcate the Uttar Pradesh Rajya Karamchari Kalyan Nigam taking out catering services from it to form UP Sachivalaya Khan Pan Nigam Limited.

The Chief Minister Mulayam Singh Yadav chaired the meeting of the state cabinet held at Lal Bahadur Shastri Bhawan in Lucknow on Monday. About 55,825 employees of power corporations and companies would be benefited from the decision. Out of them nearly 5,000 were about to retire in near future. The state government had justified extension in retirement age in view of ambitious targets being set to increase power generation during 11th Five Year Plan period.

The decision would benefit the employees working in Uttar Pradesh Power Corporation Limited (UPPCL), Uttar Pradesh Vidyut Utpadan Nigam Limited, Uttar Pradesh Jal Vidyut Utpadan Nigam Limited, Uttar Pradesh Paschimanachal Distribution Company, UP Poorvanchal Distribution Company, UP Madhyamnchal Distribution Company, Uttar Pradesh Dakshinanchal Distribution Company and KESCO.

The cabinet decided to set up a new corporation by taking out the catering services from the UP Rajya Karamchari Kalyan Nigam. As per the decision the 25 cafeterias of the UP Karamchari Kalyan Nigam would be taken out along with 335 employees and a General Manager and transferred to the new corporation.

It also approved the Molasses Policy for 2006-2007. As per the policy Uttar Pradesh would allocate 35 lakh tonne of molasses to Uttaranchal. This is 10 lakh tonne higher than the previous year when the quota for Uttaranchal had been fixed at 25 lakh tonne. The cabinet decided to reserve 15 per cent of the molasses for country made liquor. Administrative charges to the tune of Rs 11 per quintal would be levied on molasses being consumed within UP while administrative charges to the tune of Rs 12 per quintal would be levied on imports.

The cabinet decided to make contractual appointments of Professors, Readers and Lecturers in State Ayurvedic and Unani colleges. There are nearly 322 vacancies in the three categories. While Professors would get pay of Rs 16,000, the Readers and Lecturers would get Rs 14,000 and Rs 12,000 respectively. Age limit for such appointments would be 60 years. Those retired would however be able to get appointed upto 65 years.

The cabinet gave its nod to the discounts given on cotton, silk, Khadi and woolen products on the occasion of Gandhi Jayanti. It also approved 10 per cent discount on cotton and silk products with effect from October 3, 2006.

It also approved discount on woolen and Khadi products with effect from October 15, 2006. The discount on these products would remain in effect for 108 days. The cabinet decided to revise rate of interest to be charged on loan to be given to Public Sector Undertakings.

As per decision the revised rate of interest to be charged on the small scale units would be 9 per cent against the existing 10 per cent and would come into effect from April 1, 2006. A new pay scales for the purpose of granting vehicle advance for the employees. As per the decision the employees drawing basic salary of Rs 2,720 would now be entitled for getting Rs 15,000 advance for buying the moped.