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2017-08-24

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Indian Economy
www.thehindu.com

The Cabinet Committee on Economic Affairs approved the closure of Bharat Wagon and Engineering Company Limited (BWEL), a central PSU under the Railways Ministry, that had been sick since 2002. The Centre approved a one time grant of Rs. 151.18 crore to pay off the firm’s 626 employees under a voluntary retirement scheme and its other liabilities, according to an official statement.

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