Govt gives Rs 79 cr to loss-making PSUs for meeting dues

Government will give Rs 79 crore to 10 loss-making public sector enterprises for meeting outstanding dues, salary and wages for the period January-May 2008.

Government will give Rs 79 crore to 10 loss-making public sector enterprises for meeting outstanding dues, salary and wages for the period January-May 2008.

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"The Cabinet Committee on Economic Affairs on Thursday gave its approval to provide budgetary support of Rs 79.7 crore toward liquidating outstanding statutory dues, salary and wages from January 1 to May 31, 2008 in respect of 10 loss-making CPSEs," Finance Minister P Chidambaram told reporters after the CCEA meeting here.

The government has extended budgetary support to Bharat Wagon Engineering, Hindustan Cables, HMT, HMT (Watches), HMT (Chinar Watches), Hindustan Photo Films, Instrumentation Ltd, National Instruments, Triveni Structurals and Tungbhadra Steel Products.