August 10, 2016 8:33 PM

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Cabinet approves introduction of pension, post-retirement medical benefits for FCI employees

Cabinet has approved introduction of pension and post-retirement medical benefits for the employees of Food Corporation of India (FCI). It has also given its nod to amend regulation for foreign investment in Non- Banking Finance Companies. <br/><br/>Amending the regulations will enable inflow of foreign investment in other financial services on automatic route. An official release said, this will induce foreign direct investment and give a spurt to economic activities.<br/><br/>Cabinet has given ex-post facto approval to introduction of Lokpal Bill 2016, to amend Section 44 of Lokpal and Lokayuktas Act 2013. The amendments will address concerns expressed by public servants.

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