The Cabinet Committee on Economic Affairs today gave its approval to provide budgetary support of Rs 79.70 crore towards liquidating outstanding statutory dues, salary and wages for a period of 5 months ( from 1.1.2008 to 31.05.2008) in respect of 10 loss making Central Public Sector Enterprises (CPSEs) under the Department of Heavy Industry. The loss making companies include Bharat Wagon Engg Co Ltd, Hindustan Cables Ltd, HMT Ltd and Hindustan photo Films Ltd.
Further the CCEA also approved initiation of a new programme ‘Scholarship for higher Education (SHE)’ – a component of ‘Innovation in Science Pursuit for Inspired Research (INSPIRE)’ at a total cost of Rs 820 crores including Rs 20 crore as implementation cost during the 11th Plan period. It will strengthen the innovation infrastructure of the country by promoting human resource development. The ‘Scholarship for Higher Education (SHE)’ will be operational from the year 2008-09.
