News

Industry needs to work closely with government on new data protection bill  The approval of the Digital Personal Data Protection (DPDP) Bill by the Cabinet presents a positive step towards instituting a data protection regime in the country and industry will need to work closely with the government so that the rules are simple and implementable, especially for the startup ecosystem, experts said on Thursday. The clearance paves the way for the DPDP Bill to be introduced in Parliament in the upcoming Monsoon session, scheduled to begin on July 20. “P...
Industry needs to work closely with government on new data protection bill
Industry needs to work closely with government on new data protection bill
Source: IANS
6/07/2023 2:41:44 PM
Cabinet okays up to 10% hike in MSP of several commodities Days after the government imposed stock limits on Tur and Urad to prevent their hoarding owing to poor availability of these commodities, the Union Cabinet on Wednesday approved one of the highest rises in minimum support price (MSP) of several commodities in recent times for kharif season (2023-24), including the ones mentioned above. The hike in the MSP for commodities is up to 10 per cent. Minister for Food and Consumer Affairs, Commerce and Textiles Piyush Goyal said that the govern...
Cabinet okays up to 10% hike in MSP of several commodities
Cabinet okays up to 10% hike in MSP of several commodities
Source: IANS
7/06/2023 5:28:35 PM
Cabinet approves extension of Law Commission till next year The Union Cabinet on Wednesday approved the extension of the term of the 22nd Law Commission of India upto August 31, 2024. The Commission is a non-statutory body, constituted by the government from time to time. It was originally constituted in 1955. The tenure of the present 22nd Law Commission ends on February 20, 2023. The Commissions have been able to make important contribution towards the progressive development and codification of law of the country. The Commission has ...
Cabinet approves extension of Law Commission till next year
Cabinet approves extension of Law Commission till next year
Source: IANS
22/02/2023 4:44:26 PM
Cabinet approves ratification of ecaviation protocols The Union Cabinet on Wednesday approved ratification of three Protocols on Article 3 and Article 50 (a) as well as Article 56 relating to amendments in the convention on International Civil Aviation (Chicago Convention), 1944. The articles of the Chicago Convention establish the privileges and obligations of all contracting states and promote international ICAO Standards and Recommended Practices (SARPs) adoption that regulate international air transport. During the past 78 years, the C...
Cabinet approves ratification of ecaviation protocols
Cabinet approves ratification of ecaviation protocols
Source: IANS
22/02/2023 4:17:47 PM
Government approves Rs 19,744 crore National Green Hydrogen Mission With an aim to make India energy independent, the Union Cabinet has approved National Green Hydrogen Mission.  The initial outlay for the Mission will be Rs 19,744 crore, including an outlay of Rs 17,490 crore for the SIGHT (the Strategic Interventions for Green Hydrogen Transition) programme, Rs 1,466 crore for pilot projects, Rs 400 crore for R&D, and Rs 388 crore towards other Mission components.  The Mission will have wide ranging benefits- creation of export opportunitie...
Government approves Rs 19,744 crore National Green Hydrogen Mission
Government approves Rs 19,744 crore National Green Hydrogen Mission
Source: Accord Fintech
5/01/2023 2:13:19 PM
Cabinet approves free ration distribution till December 2023 In a major decision, the Union Cabinet on Friday decided to distribute free ration under the National Food Security Act (NFSA) for a period of one year till December 2023. The move will entail a burden of Rs 2 lakh crore which would be completely borne by the government, Commerce and Food Minister Piyush Goyal told mediapersons. More than 81.35 crore NFSA beneficiaries will benefit from the move. Earlier, rice and wheat were provided at subsidised rates to the beneficiaries under NFS...
Cabinet approves free ration distribution till December 2023
Cabinet approves free ration distribution till December 2023
Source: IANS
24/12/2022 10:44:42 AM
Cabinet clears MSP for copra for 2023 season The Union Cabinet on Friday approved minimum support prices (MSPs) for copra for 2023 season,fixing it at Rs 10,860 per quintal for fair average quality of milling copra and at Rs 11,750 per quintal for ball copra. The approval is based on recommendations of the Commission for Agricultural Costs and Prices and views of major coconut-growing states, Minister for Information and Broadcasting Anurag Thakur told media persons. This is an increase of Rs 270 per quintal for milling copra and ...
Cabinet clears MSP for copra for 2023 season
Cabinet clears MSP for copra for 2023 season
Source: IANS
24/12/2022 10:40:20 AM
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end' The Central government is likely to seek stakeholders' comments on the recommendations given by the Kirit Parikh committee on natural gas prices, and prepare a cabinet note by the end of this month, highly placed sources have said. The committee, which the government had set up in September this year to review the gas pricing formula, to ensure fair prices to consumers, has recommended a cap of $4-$6.5 per mmBtu for gas produced from older fields by ONGC and Oil India, with cap rising ...
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
Source: IANS
3/12/2022 9:19:42 AM
Cabinet Secretary holds meeting on annual capacity building plans  Cabinet Secretary Rajiv Gauba on Thursday interacted with secretaries of all ministries and departments on creation of annual capacity building plans. Officials said that an Approach paper on Annual Capacity Building Plans prepared by Capacity Building Commission (CBC) was also launched on the occasion. The meeting on Thursday was in line with Prime Minister Narendra Modi's vision to improve the Human Resource Management practices in the Government through "Mission Karmay...
Cabinet Secretary holds meeting on annual capacity building plans
Cabinet Secretary holds meeting on annual capacity building plans
Source: IANS
2/12/2022 11:56:02 AM
14 urea plants given time to comply with new green energy norms The Union Cabinet on Thursday is learnt to have allowed 14 urea plants time till March 31, 2023 to comply with the new green energy norms, sources aware of the development said. According to sources, the issue came up for discussion during the meeting of the union cabinet, which was held earlier on Thursday. It was decided that 14 urea plants which have been found violating the new green energy norms, be given time till March 31, 2023 to comply with them, otherwise they may face the pos...
14 urea plants given time to comply with new green energy norms
14 urea plants given time to comply with new green energy norms
Source: IANS
11/11/2022 10:49:33 AM
Centre hikes MSP for Rabi crops by upto Rs 500 per quintal The Centre has hiked the minimum support price (MSP) for six Rabi crops like wheat, gram, lentils rapeseed and mustard, among others, from Rs 100 to Rs 500 per quintal for the marketing season of 2023-24. The decision taken by the Union Cabinet on Tuesday came a day after Centre released the 12th instalment of the Kisan Samman Nidhi in the accounts of farmers via direct benefit transfer. The MSP for lentils has been hiked by Rs 500 per quintal, while the support price for rapeseed and m...
Centre hikes MSP for Rabi crops by upto Rs 500 per quintal
Centre hikes MSP for Rabi crops by upto Rs 500 per quintal
Source: IANS
18/10/2022 2:12:17 PM
Goa fast-tracks auctioning of mining leases Goa Chief Minister Pramod Sawant on Saturday said that the auction of four iron ore mining leases have started and processes for the remaining leases had been fast-tracked. "Auction of four leases has been started with help of SBI cap. Remaining leases will be uploaded step by step. Everything has been done on a fast track. I have a hope that it will happen fast," Sawant said. The Goa cabinet on September 21 had approved the appointment of MSTC Limited, a Centre owned e-commer...
Goa fast-tracks auctioning of mining leases
Goa fast-tracks auctioning of mining leases
Source: IANS
1/10/2022 1:41:09 PM
Cabinet approves DA hike by 4%  In a festival bonanza for lakhs of Central government employees and pensioners, the Union Cabinet on Wednesday gave its clearance for release of additional instalment of Dearness Allowance and Dearness Relief at 4 per cent. This would be due from July 1, 2022. A total burden of Rs 12,852 crore would be borne by the exchequer towards payment of these allowances for the current fiscal, official sources said. From July 1, 2022 till March 31, 2023, a total of Rs 8,568 crore would b...
Cabinet approves DA hike by 4%
Cabinet approves DA hike by 4%
Source: IANS
28/09/2022 4:56:12 PM
Cabinet approves policy on long-term leasing of railway land The Union Cabinet has approved policy on long term leasing of railway land for implementing PM Gati Shakti framework. The plan will not incure any additional expenditure. However, liberalizing the land leasing policy will open avenues for all stakeholders/service providers/operators to establish more cargo related facilities. Besides bringing more revenue to railways, the plan will attract more cargo to railways, increase railways' modal share in freight transportation thereby reducing lo...
Cabinet approves policy on long-term leasing of railway land
Cabinet approves policy on long-term leasing of railway land
Source: Dion Global Services Ltd.
8/09/2022 1:59:39 PM
State Capital Region for Lucknow to get Cabinet nod soon The proposal for the creation of a State Capital Region (SCR) to achieve integrated development of Lucknow and nearby towns, is all set to get Cabinet approval this month. The housing department has begun preparing a formal proposal for early action on creation of SCR and it will be sent to the state Cabinet for approval very soon. Chief minister Yogi Adityanath has already cleared the concept note on SCR on the pattern of the National Capital Region (NCR). The Lucknow Development Au...
State Capital Region for Lucknow to get Cabinet nod soon
State Capital Region for Lucknow to get Cabinet nod soon
Source: IANS
5/09/2022 11:03:56 AM
Shivraj Chouhan meets Nadda amid cabinet expansion talks in MP As BJP has already started preparations for the forthcoming Assembly elections to be held in Madhya Pradesh in 2023, Madhya Pradesh Chief Minister Shivraj Singh Chouhan met BJP National President J.P. Nadda to discuss the political situation in the state and revamp the state Cabinet. Before the 2023 Assembly elections to be held in Madhya Pradesh, the BJP now wants to complete the process of making all political appointments as soon as possible. Along with this, the exercise of filling the...
Shivraj Chouhan meets Nadda amid cabinet expansion talks in MP
Shivraj Chouhan meets Nadda amid cabinet expansion talks in MP
Source: IANS
31/08/2022 3:26:56 PM
Cabinet OKs interest subvention of 1.5% per annum on short term agriculture loan upto Rs 3 lakh The union cabinet has approved to restore interest subvention on short term agriculture loans to 1.5% for all financial institutions. Thus, interest subvention of 1.5% will be provided to lending institutions for the financial year 2022-23 to 2024-25 for lending short term agri-loans upto Rs 3 lakh to the farmers. Increase in interest subvention will ensure sustainability of credit flow in the agriculture sector as well as ensure financial health and viability of the lending institutions espe...
Cabinet OKs interest subvention of 1.5% per annum on short term agriculture loan upto Rs 3 lakh
Cabinet OKs interest subvention of 1.5% per annum on short term agriculture loan upto Rs 3 lakh
Source: Dion Global Solutions Ltd
18/08/2022 11:36:43 AM
Cabinet clears proposal to enhance ECLGS corpus to Rs 5 lakh cr The Union Cabinet on Wednesday approved a proposal to enhance the outlay of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore from 4.5 lakh crore to Rs 5 lakh crore for the tourism and hospitality sector, which had faced disruptions due to the Covid-19 pandemic. Information and Broadcasting Minister Anurag Thakur told mediapersons after the Cabinet meeting that the additional amount of Rs 50,000 crore would be given to the hospitality sector till the validity of ECLGS, i.e....
Cabinet clears proposal to enhance ECLGS corpus to Rs 5 lakh cr
Cabinet clears proposal to enhance ECLGS corpus to Rs 5 lakh cr
Source: IANS
17/08/2022 5:16:32 PM
Cabinet approves interest subvention for banks The Union Cabinet on Wednesday cleared a proposal to provide interest subvention of 1.5 per cent per annum to banks for providing short term agriculture loan of upto Rs 3 lakh. The interest subvention will be provided for a period of two financial years, i.e. 2022-23 to 2024-25. This increase in interest subvention will require an additional budgetary provision of Rs 34,856 crore. After the cabinet meeting, Union Minister for Information and Broadcasting Anurag Thakur told the media tha...
Cabinet approves interest subvention for banks
Cabinet approves interest subvention for banks
Source: IANS
17/08/2022 4:56:41 PM
Cabinet approves signing of `Audio Visual Co-Production Treaty` between India, Australia With a view to promote co-production of films, the Union Cabinet has approved signing of 'Audio Visual Co-Production Treaty' between India and Australia. The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of an 'Audio Visual Co-Production Treaty'. Audio Visual co-production treaties are enabling documents which facilitate co-production of films between two countries. Such agreements are Umbrella Agreements under which private, quasi-governmen...
Cabinet approves signing of `Audio Visual Co-Production Treaty` between India, Australia
Cabinet approves signing of `Audio Visual Co-Production Treaty` between India, Australia
Source: IANS
11/08/2022 9:44:15 AM
Cabinet approves computerization of PACS at cost of Rs 2,516 cr  The Union Cabinet on Wednesday approved computerization of Primary Agriculture Credit Societies (PACS) with a budget of Rs 2,516 crore. The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved computerization of PACS with the objective of increasing efficiency of PACS, bringing transparency and accountability in their operations; facilitating PACS to diversify their business and undertake multiple activities/ services. Addressing the me...
Cabinet approves computerization of PACS at cost of Rs 2,516 cr
Cabinet approves computerization of PACS at cost of Rs 2,516 cr
Source: IANS
30/06/2022 9:48:13 AM
Himachal to engage 3,970 para workers on honorarium The Himachal Pradesh Cabinet chaired by Chief Minister Jairam Thakur on Saturday gave its approval to engage 3,970 para workers on honorarium, six hourly per day, in the Jal Shakti Department for departmental schemes as per the Para Worker Policy. The Cabinet also announced that the state government would ensure jobs for the Agniveers. It gave its consent to fill 389 posts of panchayat secretary in the Panchayati Raj Department through the staff selection board via direct recruitment on...
Himachal to engage 3,970 para workers on honorarium
Himachal to engage 3,970 para workers on honorarium
Source: IANS
26/06/2022 10:14:16 AM
Mental peace comes only through Yoga: Himachal CM Jairam Thakur Amid the cloudy skies, Himachal Pradesh Chief Minister Jairam Thakur and his cabinet colleagues along with hundreds of schoolchildren, residents and tourists practiced Yoga at the historic Ridge ground here on Tuesday. In a message, he said the achievement of healthy life and mental peace comes only by doing Yoga daily. It is like conquering oneself. There was great enthusiasm among youth, women, schoolchildren and various organisations about the event across the state. At most of th...
Mental peace comes only through Yoga: Himachal CM Jairam Thakur
Mental peace comes only through Yoga: Himachal CM Jairam Thakur
Source: IANS
21/06/2022 10:01:22 AM
Yoga Day celebrated in Goa, Union ministers attend While celebrating World Yoga Day on Tuesday, yoga performances were conducted across Goa with Union Ministers participating in central government's programme and Chief Minister Pramod Sawant and other cabinet ministers engaging in state level events. Union minister of state for tourism Shripad Naik presided over the programme held at Se Cathedral, Old Goa, and Union minister for state for food processing industries and Jal Shakti Prahlad Singh Patel was present as chief guest at Fort A...
Yoga Day celebrated in Goa, Union ministers attend
Yoga Day celebrated in Goa, Union ministers attend
Source: IANS
21/06/2022 9:55:25 AM
All about 5G spectrum auction; key dates and other features The Union Cabinet has approved the telecom department's proposal to conduct an auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. The Cabinet announced various progressive options with regard to the spectrum to be acquired by bidders through the forthcoming spectrum auction for facilitating ease of doing business. For the first time ever, there would be no mandatory requirement to make upfront payment by the su...
All about 5G spectrum auction; key dates and other features
All about 5G spectrum auction; key dates and other features
Source: IANS
16/06/2022 3:59:40 PM
India's biggest 5G spectrum auction likely to conclude by July-end: Ashwini Vaishnaw Union Telecom and IT Minister Ashwini Vaishnaw has said that India's biggest spectrum auction, which will pave the way for high-speed 5G services, is likely to conclude by July-end and the rollout is expected by September this year. He said the Cabinet has approved 5G spectrum auction which is scheduled to begin from July 26, 2022. Vaishnaw said ‘5G spectrum auction process has started on June 15, 2022. We should see the auction process completing by end of July, which is what ou...
India's biggest 5G spectrum auction likely to conclude by July-end: Ashwini Vaishnaw
India's biggest 5G spectrum auction likely to conclude by July-end: Ashwini Vaishnaw
Source: Accord Fintech
16/06/2022 10:53:52 AM
Cabinet approves auction of 5G Spectrum The Union Cabinet on Wednesday approved the Telecom department's proposal to conduct a spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. A total of 72097.85 MHz of spectrum with a validity period of 20 years will be put to auction to be held by the end of July, 2022. The auction will be held for spectrum in various Low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), Mid (3300 MHz) ...
Cabinet approves auction of 5G Spectrum
Cabinet approves auction of 5G Spectrum
Source: IANS
15/06/2022 11:39:04 AM
Cabinet allows procurement by 'Cooperatives' as buyers on GeM The Union Cabinet on Wednesday approved expanding the mandate of Government e-Marketplace (GeM) to allow procurement by Cooperatives as buyers on the portal. The decision was taken at a meeting of the union cabinet chaired by Prime Minister Narendra Modi. Briefing about the decision, Union Minister Anurag Thakur said that the move would help Cooperatives in getting competitive prices through an open and transparent process. At present, the platform is open for procurement by all gove...
Cabinet allows procurement by 'Cooperatives' as buyers on GeM
Cabinet allows procurement by 'Cooperatives' as buyers on GeM
Source: IANS
2/06/2022 9:02:18 AM
State-owned companies now can decide on disinvestment of their subsidiaries The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal for empowering the boards of state-owned companies to decide on the closure and disinvestment of their units or subsidiaries. The proposal intends to reform the functioning of PSEs, by allowing greater autonomy to the Board of Directors of the Holding PSEs for taking decisions and recommend for timely existing from their investment in subsidiaries, units or JVs, which will enable them to monetise...
State-owned companies now can decide on disinvestment of their subsidiaries
State-owned companies now can decide on disinvestment of their subsidiaries
Source: IANS
19/05/2022 8:24:13 AM
Karnataka cabinet rejig exercise shifts to Delhi, CM Basavaraj Bommai relieved The BJP will take a decision on the long-pending cabinet rejig in Karnataka within a week of Prime Minister Narendra Modi's return from his foreign trip. Speaking to reporters on Wednesday, a relieved Chief Minister Basavaraj Bommai said that Union Minister Amit Shah had told him that he would discuss the matter in Delhi. Amit Shah had categorically asked Bommai to leave the matter of cabinet expansion to the high command. Sources said that Amit Shah comforted Bommai on questions be...
Karnataka cabinet rejig exercise shifts to Delhi, CM Basavaraj Bommai relieved
Karnataka cabinet rejig exercise shifts to Delhi, CM Basavaraj Bommai relieved
Source: IANS
4/05/2022 2:56:30 PM
Cabinet approves continuation of PM Narendra Modi Street Vendor’s AtmaNirbhar Nidhi Scheme With an effort towards holistic socio-economic development of the Street Vendors and their families, the Cabinet Committee on Economic Affairs has approved the continuation of lending under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) beyond March 2022 till December 2024. The Scheme aims to focus on enhanced collateral free affordable loan corpus and increased adoption of digital transactions. Through the Scheme, affordable collateral-free loans are being facili...
Cabinet approves continuation of PM Narendra Modi Street Vendor’s AtmaNirbhar Nidhi Scheme
Cabinet approves continuation of PM Narendra Modi Street Vendor’s AtmaNirbhar Nidhi Scheme
Source: Accord Fintech
28/04/2022 1:37:28 PM
Cabinet approves pact between SEBI & Manitoba Securities Commission on securities regulation The Union Cabinet on Wednesday approved the signing of a bilateral Memorandum of Understanding (MoU) between market regulator Securities and Exchange Board of India (SEBI) and Manitoba Securities Commission, Canada. The MoU seeks a formal basis for cross-border cooperation in the area of securities regulation, and would facilitate mutual assistance, contribute towards efficient performance of supervisory functions, aid in imparting technical domain knowledge and enable effective enforcemen...
Cabinet approves pact between SEBI & Manitoba Securities Commission on securities regulation
Cabinet approves pact between SEBI & Manitoba Securities Commission on securities regulation
Source: IANS
14/04/2022 9:47:44 AM
India's cabinet likely to consider raising fertiliser subsidy NEW DELHI - India's cabinet is likely to consider raising the country's fertiliser subsidy at a meeting on Wednesday, government sources said on Tuesday. India needs to raise the subsidy because of a sharp increase in the price of crop nutrients in global markets and rising energy costs, said the sources, who declined to be named because they are not authorised to speak to the media.   (Reporting by Nidhi Verma; Editing by David Goodman)
India's cabinet likely to consider raising fertiliser subsidy
India's cabinet likely to consider raising fertiliser subsidy
Source: Reuters
12/04/2022 5:41:07 PM
Cabinet approves amendment in 'Mega Power Policy 2009' The Union Cabinet on Wednesday approved an amendment in 'Mega Power Policy 2009'. Accordingly, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the time extension to identified 10 provisional mega certified projects to furnish the "final Mega Certificates" to the tax authorities. "Extension of time period for furnishing the final mega certificate will enable developers to competitively bid for future PPAs and get tax exemptio...
Cabinet approves amendment in 'Mega Power Policy 2009'
Cabinet approves amendment in 'Mega Power Policy 2009'
Source: IANS
31/03/2022 8:59:25 AM
Telangana Cabinet approves 2022-23 Budget Telangana state Cabinet met on Sunday and approved the state budget for 2022-23. The Cabinet meeting, presided over by Chief Minister K. Chandrasekhar Rao, was held at his official residence Pragati Bhavan. It approved the budget which will be presented in the Assembly by Finance Minister Harish Rao on Monday. The Budget session of the state legislature will be beginning without the customary address by Governor Tamilisai Soundararajan. The state government has defended the move on t...
Telangana Cabinet approves 2022-23 Budget
Telangana Cabinet approves 2022-23 Budget
Source: IANS
7/03/2022 10:02:11 AM
India's cabinet approves up to 20% FDI in behemoth insurer LIC -source NEW DELHI - India's cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the state-run insurer. India's biggest insurance company plans to float a stake of 5% to raise about $8 billion next month for the south Asian nation's largest initial public offering (IPO) by far. The amendment would allow foreign direct investors to buy up...
India's cabinet approves up to 20% FDI in behemoth insurer LIC -source
India's cabinet approves up to 20% FDI in behemoth insurer LIC -source
Source: Reuters
26/02/2022 3:49:07 PM
Semicon India Programme receives proposals worth $20.5bn The Centre has received 5 proposals for 'Semiconductor' and 'Display Fabs' manufacturing worth $20.5 billion. Accordingly, the proposals were received during the first round of application submission for the Centre's 'Semicon India Programme'. Last year, the Union Cabinet approved the Semicon India Programme with an outlay of Rs 76,000 crore to ensure development of 'Semiconductor and Display' ecosystem in the country. "India Semiconductor Mis...
Semicon India Programme receives proposals worth $20.5bn
Semicon India Programme receives proposals worth $20.5bn
Source: IANS
20/02/2022 9:34:32 AM
India, Spain sign agreement on customs intelligence, investigations Now, it will be difficult for Indian customs offenders to take refuge in Spain as the Union Cabinet on Thursday approved the agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters. The Agreement will help in making available, reliable, quick, and cost-effective information and intelligence for the prevention and investigation of customs offenses and apprehending of offenders. It would provide a legal framework for sharing of information between the custom...
India, Spain sign agreement on customs intelligence, investigations
India, Spain sign agreement on customs intelligence, investigations
Source: IANS
7/01/2022 9:00:16 AM
Cabinet approves incentive scheme to deepen digital payments in country With an aim to deepen digital payments in the country, the Union Cabinet has approved an incentive scheme to promote RuPayDebit cards and low-value (upto Rs. 2,000) BHIM-UPI transactions (Person-to-Merchant (P2M)) in the country.                Under the scheme, the acquiring banks will be incentivised by the Government, by way of paying percentage of value of transactions (P2M) done through RuPay Debit cards and lo...
Cabinet approves incentive scheme to deepen digital payments in country
Cabinet approves incentive scheme to deepen digital payments in country
Source: Accord Fintech
16/12/2021 2:16:38 PM
Cabinet approves continuation of Pradhan Mantri Awaas Yojana (Rural) for another three years The Union Cabinet has approved the continuation of Pradhan Mantri Awaas Yojana (Rural) for another three years to provide financial assistance for the construction of the remaining 155.75 lakh houses under the scheme. The scheme has been extended beyond March 2021, and till March 31, 2024. The total target is to construct 2.95 crore 'pucca' houses. The total financial implication for construction of the remaining 155.75 lakh houses is Rs 2,17,257 crore, with a central share of...
Cabinet approves continuation of Pradhan Mantri Awaas Yojana (Rural) for another three years
Cabinet approves continuation of Pradhan Mantri Awaas Yojana (Rural) for another three years
Source: Accord Fintech
9/12/2021 10:06:16 AM
Government notifies guidelines for PLI scheme for specialty steel The government has notified guidelines for the recently announced Production Linked Incentive (PLI) scheme for specialty steel. In order to boost production of specialty steel in India, attract additional investment of about Rs 40,000 crore and generate fresh 5.25 lakh job opportunities, the Union Cabinet chaired by Prime Minister Narendra Modi had approved the Rs 6,322-crore PLI scheme. The Ministry of Steel said ‘guidelines offer clarity on operational aspects of the scheme such as th...
Government notifies guidelines for PLI scheme for specialty steel
Government notifies guidelines for PLI scheme for specialty steel
Source: Accord Fintech
25/10/2021 11:48:51 AM
India's climate negotiations stance to get cabinet approval next week Amid increased pressure on India to agree for "net zero" ahead of the annual climate change conference starting from October 31, top Environment Ministry officials said the Union Cabinet meeting on October 27 will approve of what India's stand should be at the COP. The 26th edition of the annual Conference of Parties (COP26) United Nations Framework Convention on Climate Change (UNFCCC) will be taking place from October 31 for two weeks at UK's Glasgow. Prime Minister Nar...
India's climate negotiations stance to get cabinet approval next week
India's climate negotiations stance to get cabinet approval next week
Source: IANS
23/10/2021 11:56:26 AM
Cabinet approves Atal Mission for Rejuvenation and Urban Transformation 'AMRUT 2.0' The Union Cabinet led by Prime Minister Modi on Tuesday approved the Atal Mission for Rejuvenation and Urban Transformation 2.0 (AMRUT 2.0) till 2025-26. The Centre said it a step towards AatmaNirbhar Bharat intending to make the cities 'water secure and self-sustainable' through circular economy of water. This will be achieved by providing functional tap connections to all households, undertaking water source conservation/augmentation, rejuvenation of water bodies and wells, recyc...
Cabinet approves Atal Mission for Rejuvenation and Urban Transformation 'AMRUT 2.0'
Cabinet approves Atal Mission for Rejuvenation and Urban Transformation 'AMRUT 2.0'
Source: IANS
13/10/2021 3:06:31 PM
Cabinet approves nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22 The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22. Net subsidy for the rabi season to be at Rs 28,665 crore. This will enable smooth availability of all P&K fertilizers to the farmers during Rabi Season 2021-22 at the subsidised / affordable prices of fertilizers and support the agricultural sector by continuing the present subsidy levels and giving spec...
Cabinet approves nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22
Cabinet approves nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22
Source: Accord Fintech
13/10/2021 11:04:55 AM
Cabinet approves setting up of 7 mega integrated textile region and apparel parks The Union Cabinet has approved setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crore for five years to position India strongly on the global textiles map. The parks will be set up at greenfield/brownfield sites located in different willing states.  The parks will create direct employment for 7 lakh people and indirect employment for 14 lakh people. The parks will offer an opportunity to create an integrated textiles value...
Cabinet approves setting up of 7 mega integrated textile region and apparel parks
Cabinet approves setting up of 7 mega integrated textile region and apparel parks
Source: Accord Fintech
7/10/2021 5:37:22 PM
Cabinet okays bonus equivalent to 78 days wages to non-gazetted railway staff The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2020-21 for all eligible non-gazetted railway employees, excluding the Railway Protection Force and the Railway Protection Special Force personnel. Briefing the media after the Cabinet meeting, Information and Broadcasting Minister Anurag Thakur said that the financial implication of payment of 78 days' PLB to railway em...
Cabinet okays bonus equivalent to 78 days wages to non-gazetted railway staff
Cabinet okays bonus equivalent to 78 days wages to non-gazetted railway staff
Source: IANS
6/10/2021 4:58:16 PM
Industry hails 'path breaking' telecom reforms The telecom industry has lauded the Union Cabinet's approval for reform and relief measures for the sector. Cellular Operators Association of India Director General S.P. Kochhar said the measures show the government's intent for the much-needed structural reforms in the telecommunications sector, in scripting the success of Digital India, and in accelerating the journey to meet Digital India goals which will ultimately deliver ample benefit to the individual consumers. "The...
Industry hails 'path breaking' telecom reforms
Industry hails 'path breaking' telecom reforms
Source: IANS
16/09/2021 9:11:02 AM
Reforms to change framework of Indian telecom sector: Minister Ashwini Vaishnaw As the Union Cabinet on Wednesday approved several reforms and relief measures for the telecom sector, Union Minister for Communications, Ashwini Vaishnaw said that these measures will change the entire framework of the Indian telecom sector. Among several decisions, the Cabinet has approved a four-year moratorium on all dues by telecom operators including the adjusted gross revenue (AGR), however, those operators availing the moratorium will have to pay interest of "MCLR+2 per cent&q...
Reforms to change framework of Indian telecom sector: Minister Ashwini Vaishnaw
Reforms to change framework of Indian telecom sector: Minister Ashwini Vaishnaw
Source: IANS
16/09/2021 9:02:15 AM