New company to hold telecom tower assets of BSNL gets Cabinet nod

Cabinet also clears additional 1% DA for central government employees

The Union Cabinet, which on Tuesday met for the first time since the Narendra Modi-led central government effected its third reshuffle on September 3, cleared hiving off state-run telecom company BSNL. It was decided that this separate company would own the mobile tower assets of BSNL.
 
In another decision, seen as a piece of good news for central government employees, the Union Cabinet approved an additional one per cent dearness allowance (DA) for them.
 
Among other key approvals, the Cabinet cleared the introduction of the Payment of Gratuity Bill in Parliament to revise the gratuity cap for private