Election commission asked Centre, company not to publicise it before polls
The model code of conduct that came into force in Karnataka on March 20 on account of May 5 elections to the Legislative Assembly, has not come in the way for implementation of a revival plan of the Bangalore headquartered Hindustan Machines Ltd. (HMT)’s tractor unit located at Pinjore in Haryana.
As many as 62 employees from the corporate office and Common Service division, Bangalore, will benefit under the revival plan and a total of 1,442 employees would benefit. In a note issued to the Union Ministry of Heavy Industries and Enterprises, the Election Commission said that it has no objection to the revival plan of the Centre to revamp HMT’s tractor unit located at Pinjore. But the EC imposed the condition that no publicity should be issued either by the Centre or HMT Ltd. with regard to revival plan till the completion of polls in Karnataka.
On April 8, 2013, the Ministry sought a clarification from the EC whether seeking prior clearance of the Cabinet Committee on Economic Affairs (CCEA) note on the revival of HMT Ltd., Bangalore.
On account of the poll code in Karnataka, the Ministry had sent a proposal of CCEA note in respect of the revival of the HMT Ltd., to the Union Cabinet Secretariat. Following the note, the Union Cabinet approved Rs. 1,083-crore revival package for watch and tractor-maker HMT that aimed to modernising the company and helping it turn around in five years.
The package includes cash infusion of Rs. 450 crore and another Rs. 630 crore non-cash assistance.
Union Cabinet approves Rs. 1,083-crore revival package 62 employees from Bangalore, and a total of 1,442 to benefit from it
Union Cabinet approves Rs. 1,083-crore revival package
62 employees from Bangalore, and a total of 1,442 to benefit from it