Mon, Mar 27, 2017 | updated 10:02 PM IST

Cabinet removes Richardson & Cruddas Ltd.from BIFR purview

Updated: Sep 21, 2016 16:09 IST

New Delhi [India], Sept.21 (ANI): The Union Cabinet has approved a proposal of the Department of Heavy Industry for enabling M/s Richardson and Cruddas Limited, a Central Public Sector Enterprise, to come out of purview of Board for Industrial and Financial Reconstruction (BIFR).

For this purpose, the Cabinet has approved the conversion into equity of the Government of India loan of Rs 101.78 crores given to the Company, along with the interest amounting to Rs 424.81 Crore accrued on this loan.

The Cabinet further approved in principle, the strategic disinvestment of Nagpur and Chennai units of the company and shifting of operations from Mumbai land to other locations of company.

However the company's land at Mumbai will be converted from lease hold to "Occupation Class II" so as to enable the company to identify the best use of this piece of land for optimal utilization as per Government guidelines. (ANI)

Mumbai (Maharashtra) [India], Mar. 27 (ANI): Senior Shiv Sena leader and Rajya Sabha MP Sanjay Raut on Monday asserted that the Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagat's name should be considered as the next President of India.

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Parliament passes Mental Healthcare Bill

Updated: Mar 27, 2017 21:38 IST

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Udaipur (Rajasthan) [India], Mar. 27 (ANI): The Udaipur Police on Monday arrested one person on charges of allegedly molesting an Austrian woman.

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New Delhi [India], Mar. 27 (ANI): During the auspicious occasion of Navratri which begins on Tuesday, Prime Minister Narendra Modi will observe his nine-day fast, a practice that he has been following for more than four decades.

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New Delhi [India], Mar. 27 (ANI): The Delhi Police Crime Branch on Monday recorded statements of 15 people including the Air India staffer who was assaulted by Shiv Sena MP Ravindra Gaikwad.

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Molested Kaushambi girl commits suicide

Updated: Mar 27, 2017 18:25 IST

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New Delhi [India], Mar. 27 (ANI): The discussion on the Goods and Services Tax (GST) Bill will be held on March 29 in the Lok Sabha.

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