Cabinet News

UNION CABINET

Union Cabinet Approves the Deposit Insurance and Credit Guarantee Corporation Bill 2021

The Union Cabinet on Wednesday approved the Deposit Insurance and Credit Guarantee Corporation Bill 2021 that proposes to provide relief to small depositors by providing guarantees on their life savings.According to Finance Minister Nirmala Sitharaman, the bill will increase insurance amount on each depositor’s bank deposit to Rs 5 lakh in both principal and interest.The …

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Government approves Production Linked Incentive (PLI) scheme for Speciality Steel

Government approves Production Linked Incentive (PLI) scheme for Speciality Scheme.  The Union Cabinet on Thursday approved Rs 6,322-crore production linked incentive scheme for specialty steel, a move aimed at boosting domestic manufacturing and exports from the sector, Information and Broadcasting Minister Anurag Thakur said. Highlights of Scheme 1) Generate 5.25 lakh jobs 2) Attract investment …

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Cabinet approves Mechanism for procurement of ethanol by Public Sector Oil Marketing Companies

The Cabinet Committee on Economic Affairs, CCEA today approved Mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol Programme. Briefing media in New Delhi, Information and Broadcasting Minister Prakash Javadekar said, earlier, there used to be one rate for ethanol but now there will bedifferent prices. He said new …

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