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The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the closure of loss-making Bharat Wagon and Engineering Company (BWEL), a Central Public Sector Enterprise under the Ministry of Railways.
“626 employees of BWEL will be benefited from the voluntary retirement scheme to be offered at 2007 pay scale. The government will have to provide a one-time grant of ₹151.18 crore towards severance package and for clearing the current liabilities of the company,” it said in a statement.
Meanwhile, the Cabinet has approved transfer of 40 acres of land of Airports Authority of India land at Dahisar to Mumbai Metropolitan Region Development Authority (MMRDA) for its metro shed swapping with 40 acres of State Government land at Gorai, Mumbai. The land transaction will enable MMRDA to complete the Metro rail project in Mumbai, the statement added.
MoUs with Nepal Other decisions included nod to two MoUs between India and Nepal. While one MoU will be signed to curb illicit trafficking of narcotic drugs and psychotropic substances between the two countries, another MoU will be signed between the two countries for laying down implementation arrangement on cost sharing, for starting construction of a new Bridge over Mechi River at Indo-Nepal border.
The CCEA has also approved renaming of the new Central Sector Scheme — SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) as ‘Pradhan Mantri Kisan Sampada Yojana (PMKSY)’ for the period of 2016-20.
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