Cabinet approves financial assistance to retired employees of Bharat Pumps and Compressors Limited, Allahabad
The CCEA also accorded "in principle" approval for strategic disinvestment of the company, read a government statement.
The statutory dues such as provident fund and gratuity of retired employees will be discharged and the outstanding dues of CISF will be cleared.
It will motivate the employees and improve the performance of the Company.
This will put an end to further legal complications and penal action against the Company.
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