Tag: Union Cabinet

New Delhi: The Union cabinet on Wednesday decided to make the Pradhan Mantri Fasal Bima Yojana (PMFBY) voluntary for farmers, Agriculture Minister Narendra Singh Tomar said. Addressing an event here, Tomar said that the decision was taken in Wednesday’s cabinet meeting following some complaints regarding the scheme launched in April 2016. PMFBY is compulsory for […]

New Delhi: The Union Cabinet has approved several schemes to boost domestic manufacturing of electronic components, semiconductors, and mobile segments. The major decisions have been taken to enhance manufacturing in the domestic ecosystem. In its meeting on Friday, the Cabinet approved a ‘production-linked incentive scheme (PLI)’ scheme for promoting the manufacturing of electronic components and […]

New Delhi: To ensure sufficient supply during the Covid-19 lockdown, the government on Thursday decided to increase monthly quota of subsidized foodgrains by 2 kg to 7kg per person through ration shops for 80 crore beneficiaries. A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister […]

New Delhi: The Union Cabinet on Wednesday approved the modification to the existing partial credit guarantee scheme for NBFCs. Post the modification, the scheme will be extended to bonds or commercial papers (CPs) issued by NBFCs, housing finance companies, and microfinance companies, whereby the government would provide the sovereign portfolio guarantee of up to 20 […]

New Delhi: The Union Cabinet on Wednesday approved extending the scheme for distribution of free food grains to the country’s poorest until the end of November to help them cope with the economic pain of the coronavirus-induced lockdown. Briefing reporters about the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Information […]

New Delhi: The Lok Sabha on Thursday passed two contentious agriculture Bills, despite the opposition as well as BJP ally Shiromani Akali Dal terming it an “anti-farmer” move and some staging a walkout, and widespread protests by farmers in various states over the issue. Union Minister Harsimrat Kaur Badal, of the Akali Dal, resigned from […]

Paradip: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the project for deepening and optimisation of inner harbour facilities including development of Western Dock at Paradip Port to handle cape size vessels. The Western Dock will be developed on Build, Operate and Transfer (BOT) basis under Public-Private Partnership (PPP) […]

New Delhi: For faster processing and implementation of projects for modernisation of armed forces to meet the security challenges, the Union Cabinet on Wednesday approved enhanced delegation of financial powers under capital procurement to deputy chiefs and command chiefs of the armed forces. The Cabinet approved enhanced delegation of financial powers under capital procurement to […]