Last Updated: 25th March, 2022 11:57 IST
Assam Govt decides to buy bankrupt Nagaon & Cachar Paper Mills
First Published: 23rd March, 2022 16:03 IST
In a major move, the Assam government has decided to buy the beleageured Nagaon and Cachar paper mills. This decision was taken in a cabinet meeting that was held today
In a major move, the Assam government has decided to buy the beleageured Nagaon and Cachar paper mills. This decision was taken in a cabinet meeting that was held today under the chairmanship of Chief Minister Dr. Himanta Biswa Sarma.
The government would be buying both the paper mills at a cost of Rs 375 crores. On the other hand, pension would be given to the retired employees in a period of three months while a hundred other employees would be appointed in other state government departments. This was announced by state cabinet minister Pijush Hazarika.
Debt ridden and defunct Nagaon and Cachar paper mills of the government-owned Hindustan Paper Mill Corporation have been closed since March 13, 2017 and October 20, 2015 respectively. The Assam Cabinet had already sanctioned Rs 700 crores for the employees and families of both the paper mills on September last year.
COMMENTS
TOPMOST STORY NOW
Live Karbi Literary Body Expresses Concern Over Alleged Entry of Kukis into Karbi Anglong
06th October 2024Live NIA Arrests One More JeM Operative In Assam’s Goalpara A Day After Arresting 10 Others
06th October 2024Live Tripura Congress Lashes Out at Manik Saha Led Govt, Levels Corruption Charges Against BJP
06th October 2024Live Australian High Commissioner Green in Itanagar, Discusses Skill Development and Employment for Arunachal Youths With CM Khandu
06th October 2024WE RECOMMEND
Karbi Literary Body Expresses Concern Over Alleged Entry of Kukis into Karbi Anglong
The Karbi Lammet Amei (KLA) has raised concerns about the alleged entry of displaced Kukis from Manipur into Karbi Anglong, warning of possible demographic and social disruptions.
06th October 2024NIA Arrests One More JeM Operative In Assam’s Goalpara A Day After Arresting 10 Others
The arrested individual has been identified as Sheikh Sultan Salauddin Ayubi.
06th October 2024Assam: 3, Including 2 NRL Engineers, Die in Road Accident in Numaligarh
Police rushed the injured to VK NRL Hospital. They were later transferred to Guwahati for further treatment.
06th October 2024Assam Government Employee Crushes Man Under His Vehicle, Drags Body for 300 Metres in Guwahati, Arrested
The accused person has been identified as Lal Hussain Ali.
06th October 2024Over 100 Bangladeshi Infiltrators Arrested in Assam Amid Ongoing Violence in Bangladesh: CM Sarma
The latest arrest was made last night along the international border.
06th October 2024