The Cabinet Committee on Economic Affairs (CCEA) Thursday approved budgetary support, in the form of non-plan loan of Rs.27.06 crore, for payment of salary or wages and statutory dues to the employees of HMT Limited for the period March 2013 to September 2013, an official here said.
The CCEA also approved Rs.50.34 crore to HMT Machine Tools Limited for payment of statutory dues - provident fund, gratuity - for the period from September, 2012 to March, 2013.
HMT Limited and HMT Machine Tools Limited are subsidiaries of HMT Limited. Both are Central Public Sector Enterprises under the administrative control of the Department of Heavy Industry.
The work force of the company as on March 31, 2013 was 1,439.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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