Rajasthan News

Surplus cash of PSUs may be used to revive sick units

by RajasthanDirect
Oct 13, 2015

The Rajasthan government will use surplus money of state PSUs for providing finance to power companies and sick units, a state minister said on Monday.

The state government will set a finance corporation which will make available surplus money of PSUs to power companies and other sick units, the state cabinet decided on Monday.

The newly constituted body will be named as Rajasthan State Power Finance and Financial Services Corporation and surplus amount of the state PSUs will be kept with the Corporation instead of banks, social justice and empowerment minister Arun Chaturvedi said.

He said that the amount would be utilised to grant loan to sick units as well as power companies.

The minister informed the Cabinet also decided to amend Rajasthan tribal area subordinate services rule- 2014, cadre review.

He said that Chief Minister Vasundhara Raje would be on Barmer, Jodhpur and Nagaur from October 22 to 29 to do sudden inspection, review progress of welfare scheme and to get ground level feedback from the people.

Source from : news18

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