Page-7 of Union Cabinet
Union Cabinet approves Yes Bank reconstruction plan
The Union Cabinet approved a reconstruction plan proposed by the RBI for providing financial assistance to the Yes Bank. Union Finance Minister announced that the authorised capital of Yes Bank has been increased to Rs 6,200 crore. Under the plan, SBI will infuse Rs 7,250 crore in the Yes bank and take 49 per cent ..
Union Cabinet approves 780 km green highway project
The Cabinet has recently approved building 780-km Green National Highway project at a cost of Rs 7,660 crore. It includes upgradation of various National Highways in four states – Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh. The aim of ..
Month: Current Affairs - December, 2021
Union Cabinet approves RoDTEP
The Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP). It is a scheme for exporters to reimburse taxes and duties paid, like value added tax, coal cess and electricity duties which are not exempted or ..
MEIS scheme to be replaced with RoDTEP Scheme
On March 13, 2020, the Union Cabinet approved to withdraw the MEIS (Merchandise Export from India) Scheme in phases. It is later to be replaced with RoDTEP (Remission of Duties or Taxes on Export Product) scheme. Highlights The MEIS is ..
Month: Current Affairs - March, 2020
Facts Box: Major Port at Vadhvan, Maharashtra
The Union Cabinet recently approved the proposal to set up major port at Vadhvan in Maharashtra. The GoI has sanctioned Rs 65,545 crores for the project. Highlights The port is being set up to achieve GoI target of developing infrastructure ..
Month: Current Affairs - March, 2020
Cabinet approves amendment to ‘Foreign direct investment policy on civil aviation’
The Union Cabinet recently approved an amendment to the ‘Foreign direct investment policy on civil aviation’, which allowed Non-resident Indians (NRIs) to acquire 100 per cent equity stake in Air India under the automatic route. Prior to this amendment, only ..
Cabinet Approval: To amend Companies Act, 2013
On March 4, 2020, the Union Cabinet approved 72 changes to the Companies Act, 2013. The main aim of the amendment is to decriminalize the provisions in the act. Highlights The amendment aims to recategorize 23 offences and omit 7 ..
Month: Current Affairs - March, 2020
Cabinet Approval: Mega Consolidation of Public Sector Banks
On March 4, 2020, the Union Cabinet chaired by Narendra Modi had approved mega consolidation of 10 Public Sector Banks. Highlights The mega merger is to come into effect from April 1, 2020. It includes amalgamation of United Bank of ..
Month: Current Affairs - March, 2020
Cabinet approves amendment to give occupancy rights to Lakshadweep’s ST population
The Union cabinet recently approved the amendment of the ‘Laccadive, Minicoy and Amindivi Islands Land Revenue and Tenancy Regulation, 1965’. The amendment was made to confer occupancy rights to the Scheduled Tribe (ST) population in the union territory of Lakshadweep. ..
Cabinet Approval: Occupancy rights to Scheduled Tribes of Lakshadweep
On February 26, 2020, the Union Cabinet approved amendments to provide occupancy rights to Scheduled Tribes of Lakshadweep. The approval was provided to amend the Laccadive, Minicoy and Amindivi Islands Land Revenue and Tenancy Regulation, 1965. Highlights The Scheduled Tribes ..