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Information and Broadcasting Minister Anurag Thakur has said that the Union Cabinet has approved a Rs 3,760 crore viability gap funding for setting up battery energy storage system in the country. The entire Rs 3,760 crore viability gap funding will be borne by the central government. The fund will be released in five tranches till 2030-31 and help in creation of 4,000 MW hours storage. The viability gap funding will lead to an investment of Rs 9,500 crore. The minister opined that the sch...
Cabinet approves Rs 3,760 crore viability gap funding for setting up battery energy storage system
The Union Cabinet on Wednesday approved a package of innovative schemes for farmers with a total outlay of Rs 3,70,128.7 crore. The bouquet of schemes focusses on economic betterment of farmers by promoting sustainable agriculture, Information and Broadcasting Minister Anurag Thakur told mediapersons. He said that the cabinet approved continuation of the urea subsidy scheme, under which Rs 3,68,676.7 crore has been committed for urea subsidy for three years i.e. from 2022-23 to 20...
Government approves bouquet of schemes for farmers with an outlay of Rs 3,70,128 crore
In an incentive to sugarcane farmers, the Centre on Wednesday hiked the fair and remunerative price (FRP) of cane by Rs 10 to Rs 315 per quintal for 2023-24 season, which begins from October. The FRP is the minimum price that mills have to pay to sugarcane growers. The decision to raise sugarcane FRP was taken by the Union cabinet, which met on Wednesday. Information and Broadcasting Minister Anurag Thakur told mediapersons after the cabinet meeting that the government has give...
Centre hikes sugarcane remunerative price to Rs 315/quintal
Civil Aviation Minister Jyotiraditya Scindia on Sunday said that the government is working towards a target of taking the current number of 148 airports in the country to beyond 200 within the next three to four years. "This effort will give equal importance to large metro airports as well as remote airports providing last mile connectivity," he said, while flagging off the first IndiGo Airline Delhi-Dharamshala-Delhi flight. Speaking on the occasion, Information and Broadcast...
Government working towards taking number of airports beyond 200 in 4 yrs: Jyotiraditya Scindia
The finance track is at the core of the G20 process and provides an effective forum for global economic discourse and policy coordination, Information and Broadcasting Minister Anurag Thakur said on Wednesday. Thakur's statement came as he inaugurated the 2nd G20 Finance and Central Bank Deputies (FCBD) meeting here. It is the side event of the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, which began earlier in the day. The G20 FMCBG meeting is preceded by...
Finance track at the core of G20 process, says Anurag Thakur
The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, under the G20's Indian Presidency, is scheduled to take place in Bengaluru between February 24-25. The meeting is aimed at fostering a meaningful exchange of ideas among ministers and Governors to address some of the key global economic issues. Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das will jointly chair the meeting, official sources said. The G20 FMCBG m...
Inaugural G20 Finance Ministers, Central Bank Governors meeting in Bengaluru
Preparations for the Uttar Pradesh Global Investors' Summit 2023, scheduled from February 10 to 12, are being done on a war footing to make the event grand and a memorable one. Prime Minister Narendra Modi is set to inaugurate the event while President Droupadi Murmu is likely to attend the closing ceremony as the chief guest. More than 20 Union ministers are likely to take part in the event including Defence Minister Rajnath Singh, Union Home Minister Amit Shah and Union Finance Mi...
Uttar Pradesh prepares for GIS-23 on a war footing
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
The Union Cabinet on Wednesday approved a Rs 22,000 crore one time grant to public sector oil marketing companies (OMCs) to help recover losses borne by them on domestic LPG. It will help the three OMCs, namely Indian Oil, Bharat Petroleum and Hindustan Petroleum, to recover the expenses borne by them for selling domestic LPG or cooking gas between June 2020 and June 2022. Minister for Information and Broadcasting Anurag Thakur told media persons after the Cabinet meeting that this deci...
Cabinet approves one time grant of Rs 22,000 cr to oil marketing companies
Union Minister for Information and Broadcasting, Anurag Thakur, on Thursday congratulated the Kangra Central Cooperative Bank (KCCB) on its phenomenal turnaround. The bank which had suffered a loss of around Rs 46 crore has earned a profit of Rs 87 crore in the financial year 2021-22. The minister expressed his happiness that this also happens to be the highest ever profit earned by the bank. Thakur reiterated the vision of Prime Minister Narendra Modi that the government is steadfas...
Anurag Thakur congratulates Kangra Central Cooperative Bank on phenomenal growth
Information and Broadcasting Minister Anurag Thakur has said that the government has decided to give marketing freedom to domestic crude oil producers, allowing them to sell oil to whosoever they want. The move is set to be beneficial for major crude oil producers, such as state-run Oil and Natural Gas Corporation (ONGC) and Oil India, and private sector majors like Vedanta’s Cairn Oil and Gas and Reliance Industries. Thakur sated the Cabinet approved deregulation of the sale of d...
Government decides to give marketing freedom to domestic crude oil producers: Anurag Thakur
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