Date:21/07/2006 URL: http://www.thehindubusinessline.com/2006/07/21/stories/2006072103710800.htm

Back Cabinet extends moratorium on payment to Indian

Our Bureau

New Delhi, July 20

The Cabinet Committee on Economic Affairs (CCEA) on Thursday extended by 18 months the moratorium on payment of compensation to Indian on account of its merger with Vayudoot Ltd. "The CCEA today gave its approval to extend the moratorium by a further period of one-and-a-half years beyond March 31, 2005 so that the remaining amount of Rs 3.11 crore out of the total amount of Rs 138.33 crore due by Indian on account of merger with Vayudoot, could also be finally settled," the Information and Broadcasting Minister, Mr Priyaranjan Dasmunsi, said after the Cabinet meeting. The move would help Indian discharge liabilities of Vayudoot during the current financial year (2006-07) without financial burden.

The Union Cabinet also approved an amendment Bill to remove certain ambiguities' in the Right to Information Act 2005, which will be introduced in the ensuing session of Parliament. Apart from exempting file notings on strategic issues, Cabinet notes too will be restricted from disclosure to the information seeker.