By Dr A. Adityanjee
The Arctic region is home to almost four million inhabitants, of which approximately one-tenth are indigenous people. The United States Geological Survey estimates that up to 25-30% of the world’s remaining oil and natural gas resources might be held within the Arctic Region. The five littoral states, Canada, Russia, USA (Alaska), Denmark (Greenland) and Norway, have competing claims over the Arctic. Together with the five Arctic littoral states, three regional states, Finland, Iceland and Sweden, constitute the eight-member Arctic Council. The Arctic is considered the final frontier for the human to conquer. Resource competition and human migration will become facts of life in the Arctic region as the snow melts. Economic and mercantile competition among nation states for natural resources is bound to result in strife and conflict at some point in time. Every nation must secure its strategic interests. China has steadily increased its footprint in the Arctic f
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The company needs money to pay its employees who are opting for VRS (voluntary retirement scheme), and due to its weak financial conditions, MMTC is unable to pay the due amount, one of the sources said.
ANI
The ministry is hopeful that the Finance Ministry would consider the proposal positively, the sources said.
New Delhi: The Commerce Ministry has sought financial support from its finance counterpart to pay compensation to the employees of public sector trading firm
MMTC (Metals & Minerals Trading Corporation of India) under its VRS scheme, sources said.
According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry.
The Commerce Ministry has sought financial support from its finance counterpart to pay compensation to the employees of public sector trading firm MMTC (Metals & Minerals Trading Corporation of India) under its VRS scheme, sources said. According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry. The company needs money to pay its employees who are opting for VRS (voluntary retirement scheme), and due to its weak financial conditions, MMTC is unable to pay the due amount, one of the sources said. The ministry is hopeful that the Finance Ministry would consider the proposal positively, the sources said.
Commerce department seeks financial support from Finance Ministry for VRS scheme of MMTC
The company needs money to pay its employees who are opting for VRS and due to its weak financial conditions, MMTC is unable to pay the due amount.
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NEW DELHI: The Commerce Ministry has sought financial support from its finance counterpart to pay compensation to the employees of public sector trading firm MMTC (Metals & Minerals Trading Corporation of India) under its VRS scheme, sources said.
According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry. The company needs money to pay its employees who are opting for VRS (voluntary retirement scheme), and due to its weak financial conditions, MMTC is unable to pay the due amount, one of the sources said.
Commerce Ministry seeks FinMin s help for MMTC VRS scheme
The company needs money to pay its employees who are opting for voluntary retirement scheme, and due to its weak financial conditions, MMTC is unable to pay the due amount
PTI | January 4, 2021 | Updated 00:38 IST
The Commerce Ministry has sought financial support from its finance counterpart to pay compensation to the employees of public sector trading firm MMTC (Metals & Minerals Trading Corporation of India) under its VRS scheme, sources said.
According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry.