Page-22 of Cabinet Decisions
Cabinet approves alternative mechanism Framework for consolidation of Public Sector Banks
The Union Cabinet has approved Framework for Consolidation of Public Sector Banks (PSBs) through an Alternative Mechanism (AM). The decision would facilitate consolidation among the nationalised banks to create strong and competitive banks and also improve their competitiveness and efficiency. ..
Month: Current Affairs - August, 2017
CCEA approves closure of Bharat Wagon and Engineering Company
The Cabinet Committee on Economic Affairs (CCEA) has approved closure of Bharat Wagon and Engineering Company Limited (BWEL). BWEL is a Central Public Sector Enterprise (CPSE) under Ministry of Railways (MoR). Proposal in this regard was forwarded to CCEA by ..
Month: Current Affairs - August, 2017
Cabinet approves India-Nepal MoU on Prevention of Illicit Trafficking in Narcotic Drugs
The Union Cabinet approved signing of Memorandum of Understanding (MoU) between India and Nepal on Drug Demand Reduction and Prevention of Illicit Trafficking in Narcotic Drugs and Psychotropic Substances. The MoU lists out the areas of cooperation on narcotic drugs ..
Month: Current Affairs - August, 2017
Cabinet approves commission on sub-categorisation of OBCs
The Union Cabinet approved a proposal for setting up of Commission under article 340 of the Constitution to examine the issue of sub-categorization of the Other Backward Classes (OBCs). The Commission shall be known as the Commission to examine the ..
Month: Current Affairs - August, 2017
Cabinet approves raising Rs. 9020 crore for Long Term Irrigation Fund
The Union Cabinet gave its approval for raising Extra Budgetary Resources of up to Rs, 9,020 crore for Long Term Irrigation Fund (LTIF) during the financial year 2017-18. The funds will be raised by the National Bank for Agriculture and ..
Month: Current Affairs - August, 2017
Cabinet clears stalled North Koel Reservoir Project in Bihar
The Union Cabinet approved proposal to complete the balance works of North Koel Reservoir Project in Bihar, stalled since 1993. It also revived the project to address environmental concerns. Under the revived project, storage of water in Mandal dam to ..
Month: Current Affairs - August, 2017
Cabinet approves MoU between India and Sweden on IPRs
The Union Cabinet has approved Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Intellectual Property (IPRs). The MoU establishes wide ranging and flexible mechanism, allowing both countries to work together and exchange best practices ..
Month: Current Affairs - August, 2017
Cabinet approves creation non-lapsable Madhyamik and Uchchtar Shiksha Kosh
The Union Cabinet has approved creation of a single corpus fund non-lapsable known as Madhyamik and Uchchtar Shiksha Kosh (MUSK). Under it, all proceeds of secondary and higher education cess will be credited and utilised for the government’s schemes in ..
Month: Current Affairs - August, 2017
Union Cabinet approves new Metro Policy
The Union Cabinet has approved a new policy for expanding and regulating metro rail services in cities across India. This is the first such policy document prepared by the Union Urban Development Ministry since metro rail operations began in Delhi ..
Month: Current Affairs - August, 2017
CCEA approves procedure and mechanism for Strategic Disinvestment
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved revision in the procedure and mechanism for strategic disinvestment. In this regard, the proposal was forwarded by the Department of Investment and public Asset ..