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The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for the expenditure of an amount of Rs.141.41 crore towards outstanding statutory dues, salary/wages in respect of 16 Central Public Sector Enterprises for the period upto March 31, 2005. HMT (Chinar Watches) was given similar approval earlier.
This would mitigate the hardships of the employees thereby motivating them for better output, and prepare them to achieve the goal of revival for the company.
YSR/DS/HS/LV
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