Cabinet approves the terms and conditions for transfer of 12 acres of land of Indu-6 Mill land vested in NTCL to Government of Maharashtra

Image
Capital Market
Last Updated : Aug 04 2016 | 10:13 AM IST
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the terms and conditions for transfer of 12 acres of National Textile Corporation (NTCL), Indu-6 Mill land to Government of Maharashtra for construction of a memorial of Dr. B.R. Ambedkar.

Background:

The Chaityabhoomi of Bharat Ratna Dr. Babasaheb Ambedkar is situated in the vicinity of the land of Indu-6 Mill of National Textile Construction (NTCL), Mumbai; a place of pilgrimage for millions of Indians.

The Union Cabinet had already approved the transfer of 12 acres of Indu-6 Mill land, vested in National Textile Corporation, to Government of Maharashtra for construction of a befitting Memorial for Dr. Babasaheb Ambedkar on payment of compensation as required under section 11A of the Sick Textile Undertakings (Nationalisation) Amendment Act, 1995 and ratified tripartite Memorandum of Understanding signed between Government of India, Government of Maharashtra and National Textile Corporation.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 04 2016 | 9:50 AM IST

Next Story