Updated By: LatestGKGS Desk
The Union Cabinet chaired by Prime Minister Narendra Modi on 10th October 2018, has approved the closure of National Jute Manufactures Corporation Ltd. (NJMC) and its subsidiary Birds Jute & Exports Ltd. (BJEL).
NJMC & BJEL's disposal of fixed assets, as well current assets, will be in accordance with the guidelines of Department of Public Enterprises (DPE) and the proceeds from the sale of assets, after meeting the liabilities, will be deposited in Consolidated Fund of India.
The decision will benefit the Government exchequer in reducing recurring expenditure incurred in operating both the sick CPSEs in running their activities.
The decision will also help in closing loss-making companies and ensuring the release of valuable assets for productive use, or for generating financial resources for developmental progress.
After this closure, the available land with both the CPSEs will be put up for public use, other government use for the overall development of society.
Salient Advantages (Savings) of National Recruitment Policy ...
Top Modi 2.0 Cabinet Approvals 10th October 2019 GK, Current...
Modi 2.0 Cabinet Approvals 30th August 2019 GK, Current Affa...
Modi 2.0 Cabinet Approvals 1st August 2019 GK, Current Affai...
Modi 2.0 Cabinet Approvals 18th July 2019 GK, Current Affair...
Modi 2.0 Cabinet Approvals 13th June 2019 GK, Current Affair...
Top Union Cabinet Approvals Daily GK GS Current Affairs Tues...
India-Denmark MoU In Renewable Energy Gets Cabinet Approval:...
India-Bolivia MoU On Cooperation In Traditional Systems of M...
India-Cambodia MoU on Cooperation in Communication Gets Cabi...
India-Bolivia MoU On Cooperation In Geology & Mineral Re...
Daily GK GS Current Affairs Friday, 29th March 2019 1. ...
» Union Cabinet approved India & Finland MoU for environmental cooperation
» Union Cabinet approved India & Romania MoU for cooperation in field of tourism
» Union Cabinet approved India & Lebanon MoU for cooperation in field of agriculture
» WEF report hints Male dominating work place in Future of Work in India Report
» BSE became first stock exchange to launch commodity derivative contracts
» Government Finance Ministry Constitutes Competition Law Review Committee
Privacy Policy | Twitter | RSS