Govt permits CPSEs to initiate wage negotiations

The Union Cabinet on Tuesday approved a proposal to permit 260 Central Public Sector Enterprises to initiate wage negotiations with their employees

The Union Cabinet on Tuesday approved a proposal to permit 260 Central Public Sector Enterprises to initiate wage negotiations with their employees.

This will benefit workmen of those CPSEs which opted for five years of wage settlement with effect from January 1,2007 and they can now go for another wage negotiation for five years from January 1,2012, an official release said.

However,the negotiations are subjected to the condition that negotiated scales of pay would not conflict with existing pay scales of executives and non-unionised supervisors of the CPSEs. The move is expected to impact 3.98 lakh people employed in these firms.

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The Cabinet Committee on Economic Affairs also approved the revival of the Nagaland Pulp and Paper Co (NPPC) with a fund infusion of Rs 309.38 crore. It has also increased the authorised capital of NPPC from Rs 150 crore to Rs 250 crore.

The revival of NPPC,as envisaged by Praful Patel,Minister of Heavy Industries & Public Enterprises is the only industry of its magnitude in Nagaland which will directly employ 630 people and indirectly about 3,000.

The CCEA also cleared a proposal to provide non-plan budgetary support of Rs 11.93 crore for liquidation of statutory dues (Provident Fund) between April 2010 and September 2012 and and wages arising between April and September 2012 to Hindustan Photo Films,Ooty.

Real Estate Bill gets Cabinet nod

New Delhi: The Union Cabinet on Tuesday paved way for the formation of the much-awaited real estate regulator in states with strict provisions like jail term for erring developers.

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In what is being touted as one of the crucial moves by the UPA government to consolidate its urban middle-class vote base,the Real Estate (Regulation and Development) Bill,2013,will become a law after it is passed in Parliament this year.

But the Cabinet nod was not without minor hiccups. Sources said,Overseas Indian Affairs Minister Vayalar Ravi was not in favour of the move saying it sought to get into the rights of the states. Senior Cabinet member and Agriculture minister Sharad Pawar,citing the same reason,was also not entire in favour of the move. ENS

Decision on NLC sell-off deferred

New Delhi: Worried over potential opposition to disinvestment in Neyveli Lignite Corp,the Cabinet deferred a proposal to sell 5 per cent stake in the firm.

There is a letter from the CM of Tamil Nadu addressed to the Prime Minister and,I think,the PM may consider first replying to that letter, finance minister P Chidambaram said. ENS

Canada, UK and Australia formally recognise a Palestinian state

World2 hr ago

The UK, Canada, and Australia have recognized Palestine as a state, going against the US and Israel's opposition. British PM Starmer aims to revive peace without Hamas and hostage release. Canada and Australia also recognize Palestine, condemning terrorism. Over 145 UN members recognize Palestine, with France likely to join soon.

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