The guidelines accord first priority to utilisation of land of central public sector enterprises (CPSEs) under closure for affordable housing as per the relevant guidelines of the Ministry of Housing and Urban Affairs.
PTI
Updated:June 6, 2018, 3:23 PM IST
File Photo of PM Narendra Modi with his mother.
The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi here. The guidelines accord first priority to utilisation of land of central public sector enterprises (CPSEs) under closure for affordable housing as per the relevant guidelines of the Ministry of Housing and Urban Affairs.
“The revised guidelines would reduce delays in implementation of closure plans of sick/loss making CPSEs. These guidelines will replace the guidelines issued by the Department of Public Enterprises in September 2016.
“These guidelines provide a broad framework for expeditious completion of various processes and procedures for closure of CPSEs by laying down important milestones in the closure process along with time-lines, outlining the responsibilities of the concerned Ministries/Department/CPSE etc in the process,” an official statement said.
They also provide for advanced preparatory action to be taken by administrative ministry/department or CPSE, preparation of closure proposal, settlement of statutory and other liabilities of the CPSE under closure and modalities for disposal of movable and immovable assets in a time-bound manner.
Also Watch
-
10 Ka Dum First Commoner Winner Vipula Raina Recalls Time Spent With Salman Khan And More
-
Tuesday 05 June , 2018 Where is 2017 Gorakhpur Tragedy Accused Dr. Kafeel Ahmed Khan Now?
-
Tuesday 05 June , 2018 World Environment Day: Dia Mirza Talks About The Solution to Plastic Pollution
-
Tuesday 05 June , 2018 World Environment Day 2018: Host Country India Focuses on ‘Beat Plastic Pollution’
-
Monday 04 June , 2018 India’s Drying Rivers: How can we Save our Rivers from Drying Up feat. Sunderlal Bahuguna
Source: News18