The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between India and Lebanon for cooperation in the field of agriculture and allied sectors. The bilateral cooperation in the field of agriculture will be mutually beneficial to both the countries, as the agreement will promote understanding of best agricultural practices in the two countries and will help in better productivity at farmer fields as well as an improved global market. It will also help increase agricultural production and productivity by opening access to best practices and market worldwide.
The Union Cabinet has approved the payment of Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2017-18 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel). The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs 2044.31 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs.7000 per month. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days. About 11.91 lakh non-gazetted Railway employees are likely to benefit from the decision.
The Union Cabinet has given its ex-post facto approval to the Memorandum of Understanding signed between India and Romania in the field of tourism. The MoU was signed in September 2018 during the visit of the Vice-President of India to Romania. The main objectives of the agreement include expanding bilateral cooperation in the tourism sector, exchanging information and data related to tourism and encouraging cooperation between tourism stakeholders including hotels and tour operators.
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi has approved the proposal for closure of the Biecco Lawrie Limited (BLL) including giving Voluntary Retirement Scheme (VRS)/ Voluntary Separation Scheme (VSS) to the employees of the Company. The idling assets of BLL will be subsequently put into productive use after meeting all the liabilities in accordance with the extant guidelines of the government.