union cabinet

UNION CABINET

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

TC / By / July 30, 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

TC / By / July 22, 2021 / , , , , ,

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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India and Russia

Union Cabinet approves Memorandum of Understanding (MoU) between India and Russian Federation

TC / By / July 14, 2021 / , , ,

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) between the Ministry of Steel of the Republic of India and the Ministry of Energy of the Russian Federation on cooperation regarding coking Coal, which is used for Steel making. The MoU shall benefit the entire steel …

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Union Cabinet

Union Cabinet approves Memorandum of Understanding (MoU) between India and Kingdom of Denmark

TC / By / July 14, 2021 / , ,

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) between the Ministry of Health & Family Welfare of the Government of the Republic of India and the Ministry of Health of the Kingdom of Denmark on Cooperation in the field of Health and Medicine. The bilateral …

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Ministry of Textile

Cabinet approves continuation of Rebate of State and Central taxes and Levies (RoSCTL) on Export of Apparel/ Garments and Made-ups till 31st March 2024

TC / By / July 14, 2021 / , , ,

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi ji has given its approval for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide Notification dated 8th march 2019, on exports of Apparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in …

Cabinet approves continuation of Rebate of State and Central taxes and Levies (RoSCTL) on Export of Apparel/ Garments and Made-ups till 31st March 2024 Read More »

ECLGS

Additional Corpus of Rupees 1.5 crore under Emergency Credit Line Guarantee Scheme gets Cabinet approval

TC / By / June 30, 2021 / , ,

The Cabinet has approved additional funding up to Rs. 1,50,000 crore under Emergency Credit Line Guarantee Scheme (ECLGS). It is a continuing scheme. The Scheme would be applicable to all eligible loans sanctioned under Guaranteed Emergency Credit Line (GECL)till 30.09.2021, or till an amount of rupees four lakh fifty thousand crore is sanctioned under the …

Additional Corpus of Rupees 1.5 crore under Emergency Credit Line Guarantee Scheme gets Cabinet approval Read More »

Union Cabinet

Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS)

TC / By / June 30, 2021 / ,

On account of the disruptions caused by the second wave of COVID 19 specially on healthcare sector, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) enabling funding to the tune of Rs. 50,000 crore to provide financial guarantee cover for brownfield expansion …

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Union Cabinet

Cabinet approves extension of last date of Registration under Aatmanirbhar Bharat Rojgar Yojana (ABRY)

TC / By / June 30, 2021 / , , , , ,

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for extending the terminal date for registration of beneficiaries for availing the benefit under Aatmanirbhar Bharat Rojgar Yojana (ABRY) for another nine months i.e. from 30th June, 2021 to 31st March, 2022. Consequent upon this extension, it is expected that …

Cabinet approves extension of last date of Registration under Aatmanirbhar Bharat Rojgar Yojana (ABRY) Read More »

PMGKY

Cabinet approves additional foodgrain to NFSA beneficiaries under Pradhan Mantri Garib Kalyan Yojana (Phase IV) – for another period of Five months

BUSINESS & ECONOMY / By / June 23, 2021 / , , , , , ,

The Union Cabinet has approved allocation of additional foodgrain under Pradhan Mantri Garib Kalyan Yojana (Phase IV) – for another period of 5 months i.e. July to November, 2021 @ 5 kg per person per month free of cost for maximum 81.35 Crore beneficiaries covered under National Food Security Act (NFSA) (Antyodaya Anna Yojana and …

Cabinet approves additional foodgrain to NFSA beneficiaries under Pradhan Mantri Garib Kalyan Yojana (Phase IV) – for another period of Five months Read More »

CWC

Merger of Central Railside Warehouse Company Limited (CRWC) with Central Warehousing Corporation (CWC) gets Cabinet approval

BUSINESS & ECONOMY / By / June 23, 2021 / , , , , ,

Union Cabinet has approved to merge and transfer all assets, liabilities, rights and obligations of ‘Central Railside Warehouse Company Limited’ (CRWC), a Mini-Ratna Category-II Central Public Sector Enterprises (CPSE) incorporated under the Companies Act, 1956 in 2007 with its holding enterprise ‘Central Warehousing Corporation’ (CWC). The merger will unify similar functions of both the companies …

Merger of Central Railside Warehouse Company Limited (CRWC) with Central Warehousing Corporation (CWC) gets Cabinet approval Read More »

Union Cabinet

Union Cabinet approves Agreement between India and Saint Vincent and The Grenadines

BUSINESS & ECONOMY / By / June 23, 2021 / , , , ,

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved an Agreement between the Republic of India and Saint Vincent and The Grenadines for the Exchange of Information and Assistance in Collection with respect to Taxes. This is a new Agreement between the Republic of India and Saint Vincent and The Grenadines. …

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Shanghai-Cooperation-Organization

Signing and Ratification of an Agreement on “Cooperation in the field of Mass Media” between all the Member States of Shanghai Cooperation Organisation approved by Union Cabinet

TC / By / June 2, 2021 / , , ,

The Union Cabinet has given its ex-post facto approval for signing and ratification of an Agreement on “Cooperation in the field of Mass Media” between all the Member States of Shanghai Cooperation Organisation. The Agreement was signed in June, 2019. The PIB press release states that the agreement shall promote equal and mutually beneficial cooperation …

Signing and Ratification of an Agreement on “Cooperation in the field of Mass Media” between all the Member States of Shanghai Cooperation Organisation approved by Union Cabinet Read More »

India Argentina

Union Cabinet approves Memorandum of Understanding between India and Argentine Republic in the field of Mineral Resources

TC / By / June 2, 2021 / , , , ,

The Union Cabinet has approved the Memorandum of Understanding (MoU) to be signed between the Ministry of Mines, Government of India and the Secretariat of Mining Policy of the Ministry of Productive Development of the Argentine Republic. As per PIB press release the MoU will provide an institutional mechanism for cooperation in the field of …

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Ministry of housing and urban affairs

Union Cabinet approves Memorandum of Understanding between India and Maldives in the field of sustainable urban development

TC / By / June 2, 2021 / , , , , , ,

The Union Cabinet on Wednesday approved a Memorandum of Understanding (MoU) signed between the Ministry of Housing and Urban Affairs (MoHUA), Government of India and Ministry of National Planning, Housing and Infrastructure, Government of Maldives on cooperation in the field of Sustainable Urban Development. The MoU comes into effect on the date of signing by …

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Ministry of housing and urban affairs

Cabinet approves Model Tenancy Act

TC / By / June 2, 2021 / , , ,

According to PIB press release, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the Model Tenancy Act for circulation to all States / Union Territories for adaptation by way of enacting fresh legislation or amending existing rental laws suitably. It will help overhaul the legal framework with respect to rental …

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Ministry of Housing and Urban Affairs

Memorandum of Cooperation between India and Japan in the field of sustainable urban development gets Cabinet approval

TC / By / June 2, 2021 / , , , , , ,

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the signing of Memorandum of Cooperation (MoC) on Sustainable Urban Development between the Ministry of Housing & Urban Affairs, Government of India and the Ministry of Land, Infrastructure, Transport and Tourism, Government of Japan, in supersession of existing MoU of 2007 on …

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Union Cabinet

Cabinet approves Opening of a new Consulate General of India in Addu City, Maldives

TC / By / May 25, 2021 / , , , , ,

The Union Cabinet  has approved the opening of a new Consulate General of India in Addu City, Maldives in 2021. India and Maldives share ethnic, linguistic, cultural, religious and commercial links steeped in antiquity. Maldives occupies an important place in the ‘Neighbourhood First Policy’ and the ‘SAGAR’ (Security and Growth for All in the Region) …

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NDRF

Cabinet approves Creation of one post of Director in Senior Administrative Grade (SAG), at National Disaster Response Force Academy, Nagpur

TC / By / May 25, 2021 / , , , , ,

The Union Cabinet has approved the proposal of the Ministry of Home Affairs for creation of one (01) post of Director in Senior Administrative Grade (SAG), at National Disaster Response Force Academy, Nagpur. With the creation of the post of Director, NDRF Academy, the command and control of the organisation will be entrusted to a …

Cabinet approves Creation of one post of Director in Senior Administrative Grade (SAG), at National Disaster Response Force Academy, Nagpur Read More »

Union Cabinet

Cabinet approves Memorandum of Understandings (MoUs) entered into by Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with Foreign Countries/Organisations

TC / By / May 25, 2021 / , , , , , , ,

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has granted ex-post facto approval to the Memorandum of Understandings (MoUs) entered into by Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with various Foreign Countries/Organisations. The Institute of Cost Accountants of India (ICoAl) and the Institute …

Cabinet approves Memorandum of Understandings (MoUs) entered into by Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with Foreign Countries/Organisations Read More »

Union Cabinet clears amendment to Insurance Act for raising FDI to 74%

Union Cabinet approved signing of MoU between India and French Republic in field of renewable energy cooperation

BUSINESS & ECONOMY / By / March 4, 2021 /

The Union Cabinet, chaired by the Prime Minister Narendra Modi  approved the signing of Memorandum of Understanding (MoU) between India and French Republic in the field of renewable energy cooperation. The MoU was signed in January 2021. The objective of the MoU is to establish the basis for promotion of bilateral cooperation in the field …

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Cabinet approves

Cabinet approves production-linked incentive scheme for telecom sector

BUSINESS & ECONOMY / By / February 18, 2021 /

The Union Cabinet today approved a production-linked incentive scheme for the telecom sector. Electronic and IT Minister Ravi Shankar Prasad said, the production-linked incentive worth Rs 12,195 Crore has been cleared for the telecom sector. He said, this will create 40 thousand direct and indirect employment. Production Linked Incentive Scheme intends to promote manufacture of …

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CABINET DESICION

Union Cabinet approves ratification of seven chemicals listed under Stockholm Convention on Persistent Organic Pollutants

TC / By / October 8, 2020 /

The Union Cabinet has approved the ratification of seven chemicals listed under Stockholm Convention on Persistent Organic Pollutants (POPs). The Cabinet further delegated its powers to ratify chemicals under the Stockholm Convention to Union Ministers of External Affairs andEnvironment, Forest and Climate Change with regard to POPs already regulated under the domestic regulations thereby streamlining …

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