The Union Cabinet on Wednesday approved introduction of pension and post-retirement medical schemes for the 22,000 existing employees of Food Corporation of India (FCI) as per the guidelines of Department of Public Enterprise. The annual financial implication for both the schemes would be around R134 crore.
All the employees in various categories on the FCI payroll as on 1.12.2008 or appointed thereafter would be covered under the new pension as well as post-retirement medical scheme. It implies that another 4,000 retired employees will also get benefit of the pension scheme
Nod to R&D project for advanced thermal power tech the cabinet committee on economic affairs on Wednesday approved a research and development project for advanced ultra super critical (AUSC) technology for thermal power plants with an estimated cost of Rs 1,554 crore. This includes a one-time budgetary support of Rs 900 crore spread over a period of three years starting from FY 18.