https://www.taxtmi.com/news?id=12523 Cabinet approved a revival package for HMT Machine Tools Limited including a non plan working capital loan of Rs.75 crore, an additional non plan loan of Rs.61.04 crore to cover the cost of implementing the 1997 pay revision, a waiver of interest on a Government loan, one time relaxation to implement the 1997 pay revision, Board empowerment to increase retirement age for up to 10% of retirees in any year, and extensions for utilisation of sanctioned technology and training funds, aimed at motivating staff and supporting turnaround. en-us Fri, 28 Feb 2014 15:05:51 +0530 Fri, 28 Feb 2014 15:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12523 Cabinet approved a revival package for HMT Machine Tools Limited including a non plan working capital loan of Rs.75 crore, an additional non plan loan of Rs.61.04 crore to cover the cost of implementing the 1997 pay revision, a waiver of interest on a Government loan, one time relaxation to implement the 1997 pay revision, Board empowerment to increase retirement age for up to 10% of retirees in any year, and extensions for utilisation of sanctioned technology and training funds, aimed at motivating staff and supporting turnaround. News - Fri, 28 Feb 2014 15:05:51 +0530 https://www.taxtmi.com/news?id=12523