While considering a proposal to pay wage arrears of employees of eight central public sector enterprises who have not been paid their salaries since April 1, the Centre is in the process of utilising the excess land available with them to shore up revenue.
While nine of the 13 CPSEs have not been paying salaries, the problem is acute with eight of them. Scooters India Limited is somewhat better off, having paid salaries up to September.
According to Heavy Industries Minister Praful Patel, a proposal was under consideration for payment of salaries for the first six months of the current financial year by sanctioning a non-plan loan to these eight units including HMT, the Tungabhadra Steel Products Limited, the Triveni Structurals Limited, the Hindustan Cables limited and the Tyre Corporation of India Limited.
Over 5,178 employees of these nine sick CPSEs have not been receiving the regular pay for some time now.
He said the government was committed to setting up a Public Sector Land Development Authority for deciding on the utilisation of excess land.
On the recommendation of the Planning Commission, the Department of Pubic Enterprises has circulated the idea of setting up the authority to concerned ministries and departments in August. The DPE is awaiting their comments on the issue before taking a decision.
Over 5,178 employees not paid regular wages Proposal to use excess land to shore up revenue
Over 5,178 employees not paid regular wages
Proposal to use excess land to shore up revenue