The Rajasthan Government will soon float State Ex-Servicemen Corporation (REXCO) Limited for the welfare and help of retired servicemen. The proposal for formation of the corporation was approved by the state cabinet at its meeting held here today under the chairmanship of Chief Minister Ashok Gehlot. The proposed corporation would be a Public Enterprise with the absolute ownership of the state government and it would work to help more than two lakh ex-servicemen of the state in providing employment on contract basis to them and/or their dependents and in their other post retirement life related matters. The cabinet also gave its nod to the proposal of expanding the eight-member state planning board for accommodating two more members. Now the board would have 10 members, an official spokesman said. UNI SS SY 2316
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