Employees of 10 sick PSUs to get six months salary till March

Employees of 10 ailing central public sector enterprises (CPSEs), including Hindustan Cables and HMT Ltd, will get outstanding salaries and other statutory dues like PF and gratuity for six months till March 2013, PTI reported.

“The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal for providing non-plan budgetary support of Rs 128.26 crore for liquidation of statutory dues (provident fund, gratuity, pension, employees state insurance and bonus) and salary and wages from 1 October 2012 to 31 March 2013 in respect of 10 CPSEs, under the Department of Heavy Industry,” an official statement said.