Latest News from India - KSEB becomes KSEB limited with three sub units

divspan class=BodyText readability=8Thiruvananthapuram: The state government on Tuesday issued the notiftaion forming Kerala State Electricity Board Ltd after re-vesting the assets and liabilities of the state electricity board with the KSEB Ltd. p br / The government notification says that the company will have three strategic business units for transmission, generation and distribution that will function as separate entities within the company. They will have separate balance sheets but all employees shall remain on the company rolls. Personnel needed for the business units shall be deputed to them and their cost shall be accounted as part of the unit cost but the responsibility of managing the personnel shall be with the company./pp br / The present volume of liabilities will be calculated in a year and if found necessary, the government will be free to make any amendment in the corporatization order within a year. Any such modification or addition will be made only after discussions with trade unions/associations of officers./pp The company will issue bonds to raise amount for the pension fund. The company revenue and additional revenue from tariff increase will also be routed to the pension fund. The recent pay revision has resulted in an increase of Rs 3,064 crore in the pension fund and the government and the company will bear this additional burden in a 35.5:64.6 ratio./pp A tripartite agreement will be signed among the company, the government and trade unions soon to ensure that employees get wages and pension without trouble.br //p/span/divbrbrcentera href=http://www.wizardrss.comPowered By WizardRSS.com/a | a href=http://www.wizardrss.comFull Text RSS Feed/a | a href=http://www.amazon.com/RFID-Blocking-Cards-Identity-Protector/dp/B00CJHZLEWRFID/a | a href=http://www.wpzonbuilder.comAmazon Affiliate/a/center