The Cabinet Committee on Economic Affairs (CCEA) has approved continuation of the Members of Parliament Local Area Development scheme through the term of the 14th Finance Commission till 2020.
The scheme would entail annual allocation of ₹3,950 crore and total outlay of ₹11,850 crore over the next three years with additional annual allocation of ₹5 crore per year for monitoring through independent agency/ies and for capacity-building/training to state/district officials to be imparted by the Ministry, an official statement added.
Further, the Cabinet has also approved the closure of Tungabhadra Steel Products (TSPL). The decision also allowed the name of the company to be struck off the Registrar of Companies after settling the balance liabilities of TSPL. The Cabinet also approved the transfer of MMH (Metallurgical and Material Handling Plants) to the Karnataka Government along with 20,000 square meter land. Moreover, the Cabinet also approved the cadre review of Group ‘A’ executive cadre of the Central Industrial Security Force (CISF).
Moving apart, the cabinet also approved the restructuring of the Central Industrial Security Force (CISF) for the creation of 25 posts of various ranks from Assistant Commandant to Additional Director General ranks to enhance the supervisory staff in senior duty posts of CISF. The restructuring will result in Group ‘A’ posts going up from 1,252 to 1,277 — with two more Additional Director General posts, seven Inspector General posts, eight Deputy Inspector General posts, and eight Commandant posts.