Closure of public sector company: approval provides voluntary separation packages and statutory settlement of employee and creditor liabilities.
Approval is granted for the closure of Hindustan Cables Limited, Kolkata under applicable company and labour laws, to be implemented in a time bound manner following Department of Public Enterprises guidelines. Employees will be offered voluntary separation packages (VRS/VSS) at notional historic pay scales and outstanding salary and wage liabilities will be settled; retrenchment procedures under the Industrial Disputes Act will be followed where required. Creditor arrangements include negotiated One Time Settlement with secured lenders and conversion of government loans into equity, while disposal of movable and immovable assets will proceed to enable optimal reuse.

Foreign Direct Investment approvals: selected proposals cleared; other proposals deferred or not within FIPB jurisdiction.
Government approvals and administrative classifications by FIPB record three FDI proposals approved, seven deferred pending further scrutiny, and two proposals not lying before the Board because they fall under the automatic route or otherwise do not require FIPB consideration. Approved items cover additional manufacturing and distribution activities and share transfers; deferred items range from succession-related share transfers and object changes in a publishing company to downstream investments, proposed mutual-fund distribution activities, divestment and repatriation of proceeds, and complex financial-sector acquisitions. A tabled insurance-broking acquisition was recommended for increased FDI after amendment of transactional documents.

Winding up of a government-De Beers joint venture approved; diamond supply continuity supported by SNZ viewing and e auction access.
Approval was granted to initiate the winding up of Hindustan Diamond Company Private Limited, a 50:50 government-De Beers joint venture formed to supply rough diamonds to Indian processors. The action is not expected to disrupt supply because Indian firms have become sightholders and a Special Notified Zone at the Bharat Diamond Bourse facilitates domestic viewing by Foreign Mining Companies while sales occur via e-auction from abroad, maintaining market access for smaller manufacturers.

Pensioner Service Portal expands digital access to pension status and payments, enhancing transparency and grievance redressal.
The Controller General of Accounts launched a Web Responsive Pensioner's Service portal to provide a one-stop digital access point for pensioners to check pension case status and payments and obtain speedy grievance redressal; the launch was framed alongside IT public finance systems (PFMS and NTRP) to improve fund targeting and ensure intended beneficiaries receive funds. A Memorandum of Understanding with the Institute of Internal Auditors seeks to strengthen Internal Audit in line ministries, and the CGA premises comply with green building and energy-conservation measures.