
Government releases wages to 12 PSUs
Government on Thursday released wages and other allowance that are due to employees of 12 public sector firms, including Andrew Yule and HMT.
The Cabinet Committee on Economic Affairs has given its approval for providing non-plan budgetary support of Rs 77.48 crore for a period of three months (from July 1, 2007 to September 30, 2007) towards outstanding statutory dues, salary and wage of employees of 12 PSUs, an official spokesperson said.
The 12 PSUs are Andrew Yule, Bharat Wagon Engg, Hindustan Cables, HMT, HMT (Watches), HMT (CW), Hindustan Photo Films, Instrumentation Ltd, National Instrument Ltd, NEPA, Triveni Structural Ltd and Tungbhadra Steel Products Ltd.
"It would mitigate the hardships of the employees thereby motivating them for better output, and prepare them to achieve the goal of revival/restructuring of the companies," she said.
The CCEA also gave its approval to the Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Luxembourg.
The Agreement will stimulate the flow of capital, technology and personnel from India to Luxembourg and vice- versa. "It will provide tax stability and reduce any obstacles in providing mutual cooperation," the spokesperson said.
India has so far signed and notified such bilateral treaties for avoidance of double taxation with 71 other countries. In more than 20 such agreements, the scope of the pact includes capital taxes.

Time to review 50% cap on quota? Supreme Court asks states
- If the Supreme Court's five-judge bench accepts that the judgment in Indra Sawhney case should be modified, the case will have to be referred to an 11-judge bench.

SC to examine whether to review 50% cap on quota: Key points

Toolkit case: Nikita Jacob, Shantanu Muluk’s bail plea to be heard today

Money laundering case: ED raids MLA Sukhpal Khaira's house in Chandigarh

India condemns one-sided false assertions in UK parliamentary debate

Indiscriminate mining has irreversibly damaged Aravallis, suggest documents

With 15,388 new cases, India's daily Covid-19 infections dip slightly

'India stands out in terms of its Covid-19 vaccine policy', says IMF's Gopinath

Kolkata fire tragedy: Centre orders high-level inquiry and other latest updates
- On Tuesday morning, Prime Minister Narendra Modi announced ex-gratia of ₹2 lakh each from the Prime Minister's National Relief Fund for the next of kin of those killed in the fire.

Delhi HC to hear plea challenging new rules to regulate internet content

News updates from HT: IMD predicts rain, snow in western Himalayan region

Missing woman's body, chopped into pieces, found in Jharkhand

‘No lesson needed from Amit Shah’: Kerala CM’s retort to home minister
- Amit Shah had earlier hit out at Vijayan, saying the Kerala CM had no moral right to continue in power after ED pointed to a statement alleging his involvement in the gold smuggling case.

Rain, snow predicted in western Himalayan region for next few days: IMD
