You are here: Home » Economy & Policy » News
Business Standard

New company to hold telecom tower assets of BSNL gets Cabinet nod

Cabinet also clears additional 1% DA for central government employees

BS Web Team  |  New Delhi 

PM Modi. Photo: PTI
Prime Minister Narendra Modi. Photo: PTI

The Union Cabinet, which on Tuesday met for the first time since the Narendra Modi-led central government effected its third reshuffle on September 3, cleared hiving off state-run BSNL. It was decided that this separate company would own the mobile tower assets of BSNL.
In another decision, seen as a piece of good for central government employees, the Union Cabinet approved an additional one per cent (DA) for them.

Among other key approvals, the Cabinet cleared the introduction of the Payment of Gratuity Bill in Parliament to revise the gratuity cap for private sector employees. The Cabinet also cleared the decks for the implementation of the ‘Dairy Processing & Infrastructure Development Fund’ scheme and six-laning of the Narasannapeta-Ranastalam section of the National Highway - 16 in Andhra Pradesh.

First Published: Tue, September 12 2017. 17:49 IST