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In a significant development, the Union Cabinet on Wednesday approved the one-time grant of Rs 22,000 crore to three state-owned fuel retailers for covering losses that occurred while selling the LPG below cost price, releasing of productivity linked bonus (PLB) to railway employees and construction of container terminal at Deendayal Port in Gujarat.
Grant to oil PSU’s
During this period, the international prices of LPG soared by around 300 per cent. However, to insulate consumers from fluctuations in international LPG prices, the cost increase was not fully passed on to consumers and the LPG prices rose by only 72 per cent, an official statement said.
Bonus to railway employees
The government approved the bonus for railway employees for the financial year 2021-22, which is generally given each year before the Dussehra or Durga puja holidays
The PLB amount equivalent to wages of 78 days has been paid to about 11.27 lakh non-gazetted Railway employees with the maximum amount payable per eligible railway employee being Rs 17,950.
The decision for payment of PLB has been taken despite the adverse financial situation caused by post-Covid challenges, a statement from the government said.
The above amount has been disbursed to various categories, including track maintainers, drivers and guards, station masters, supervisors, technicians, technician helpers, controllers, pointsmen, ministerial staff and other group ‘C’ staff.
Container terminal at Deendayal Port
A project to develop the container terminal at Tuna-Tekra, Deendayal Port in Gujarat under the public-private partnership mode has been approved, Information and Broadcasting Minister Anurag Thakur told media persons.
The estimated cost of Rs 4,243.64 crore will be on the part of the concessionaire and an estimated cost of common user facilities of Rs 296.20 crore will be on the part of the concessioning authority toward the development of common user facilities.
Deendayal Port is one of the 12 major ports in India and is located on the west coast in the Gulf of Kutch in Gujarat.
The concessionaire will be responsible for the design, engineering, financing, procurement, implementation commissioning, operation, management and maintenance of the project.
Multi-State Cooperative Societies (Amendment) Bill, 2022
The government approved the Multi-State Cooperative Societies (Amendment) Bill, 2022, which seeks to amend the Multi-State Cooperative Societies Act, 2002.
The amendments have been brought to improve governance, reform the electoral process, strengthen monitoring mechanisms and enhance transparency and accountability.
The Bill also seeks to improve the composition of the board and ensure financial discipline, besides enabling the raising of funds in the multi-state cooperative societies.
Scheme for Northeastern states
The government approved Prime Minister’s Development Initiative for North East Region (PM-DevINE), a Rs 6,600 crore scheme to support infrastructure, industries and other livelihood projects in the Northeastern states.
It will be implemented from 2022-23 to 2025-26 and is a 100 per cent Central government-funded plan.
The objectives of the PM-DevINE are to: fund infrastructure convergently, in the spirit of PM Gati Shakti, support social development projects based on the needs of the NE region, enable livelihood activities for youth and women and fill the development gaps in various sectors.
(With inputs from PTI)
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