Cabinet Decisions - India
Proposal to provide a two year extension with amendments to the Framework on Currency Swap Arrangement for SAARC member countries upto November 14, 2017 and extension thereafter if necessary
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given approval for the proposal to provide a two year extension with amendments to the 'Framework on Currency Swap Arrangement for SAARC Member Countries' upto November 14, 2017, and extension thereafter, if necessary, by Finance Minister.
Under the facility,... Full Document
Category General
Signing of revised Air Services Agreement between India and New Zealand
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of revised Air Services Agreement between India and New Zealand.
The Air Services Agreement signifies an important landmark in the civil aviation relations between India and New Zealand and has the potential to spur... Full Document
Category General
Determination of marketing margin for supply of domestic gas to urea and LPG producers
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for determination of marketing margin for supply of domestic gas to urea and LPG producers.
This decision is a structural reform. Marketing Margin is the charge levied by gas marketing company on its consumers over and... Full Document
Category General
Disinvestment of 10 percent paid up equity capital in Coal India Limited
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the disinvestment of 10 percent paid up equity capital of Coal India Limited. This implies divesting of 63,16,36,440 shares of Face Value of Rs. 10 each out of the Government of India shareholding of... Full Document
Category General
Revised cost estimate for construction of Rail-cum-Road Bridge across river Ganga at Munger
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for revised cost estimate amounting to Rs.2774 crore with Railway share as Rs.1247 crore and Ministry of Road Transport and Highways share as Rs.1527 crore for construction of Rail-cum-Road Bridge across River... Full Document
Category General
Extension of the Indian Development and Economic Assistance Scheme
Extension of the Indian Development and Economic Assistance Scheme
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for second extension to the Indian Development and Economic Assistance Scheme (IDEAS).
The Government of India has been extending Lines of Credit to African and... Full Document
Category General
3rd and 4th lines between Budhapank and Salegaon via Rajathgarh Railway Line
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for 3rd and 4th lines between Budhapank and Salegaon via Rajathgarh Railway Line of 85 km each with a cost of Rs.1172.92 crore.
The project is likely to be completed in the next... Full Document
Category General
Authorizing National Highways Authority of India (NHAI) for rationalized compensation to concessionaires in case of delays not attributable to concessionaires for languishing highway projects on BOT mode
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for:
(i) Authorizing NHAI to allow extension of concession period for all current projects in BOT (Toll) mode that are languishing during the construction period due to causes NOT attributable to the concessionaire,... Full Document
Category General
Doubling of Kottavalasa-Koraput Railway line
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for doubling of Kottavalasa-Koraput Railway line of 189.278 km with a completion cost of Rs.2977.64 crore.
Doubling of this line will greatly ease the ever increasing freight traffic between these sections thereby increasing... Full Document
Category General
Doubling of Koraput-Singapur Road Railway line
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for doubling of Koraput-Singapur Road section railway line of 164.56 km with a completion cost of Rs.2361.74 crore.
Doubling of this line will greatly ease the ever increasing freight traffic between these sections... Full Document
Category General
Doubling of Jagdalpur-Koraput Railway line
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for doubling of Jagdalpur-Koraput section railway line of 110.22 km with a completion cost of Rs.1839.02 crore.
Doubling of this line will greatly ease the ever increasing freight traffic between these sections thereby... Full Document
Category General
Initial Public Offer of Cochin Shipyard Limited
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for issue of an Initial Public Offer (IPO) of Cochin Shipyard Limited (CSL).
The approval is for issue of an IPO to the public consisting of 3,39,84,000 equity shares of Rs. 10 each... Full Document
Category General
Interest Equalisation Scheme on Pre & Post Shipment Rupee Export Credit with effect from 1st April, 2015 for five years
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for Interest Equalisation Scheme (earlier called Interest Subvention Scheme) on Pre & Post Shipment Rupee Export Credit with effect from 1st April, 2015 for five years. The scheme will be evaluated after... Full Document
Category General
Segregation of Civil Construction cost from capital cost of National Highways projects for appraisal and approval
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to segregate construction cost from cost for land acquisition, centages and pre-construction activities for the purpose of appraisal and approval of National Highways (NH) projects for the following dispensation:
(i) All NH projects... Full Document
Category General
Direct subsidy to sugarcane growers
Sustained surpluses of production over domestic consumption in the last five years has led to subdued sugar prices, which has stressed the liquidity position of the industry leading to a build up of cane price arrears. During sugar season 2014-15, the peak cane price arrears were Rs.21,000 crore as on... Full Document
Category General
Extension of Crime and Criminal Tracking Network and Systems Project
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Ministry of Home Affairs for a major revamp of the Crime and Criminals Tracking Network and Systems (CCTNS) Project and has decided to implement Integrated Criminal Justice... Full Document
Category General
Proposal of M/s. Mylan Laboratories Limited for increase in FDI up to US $ 750 million in MLL by Mylan Luxembourg S.a.r.l. Luxembourg and / or Mylan Group B.V. Netherlands through subscription of equity shares and / or compulsorily convertible debentures for providing MLL part of the funds required for the acquisition of the entire shareholding of JPL post the demerger from its then shareholders
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal of the Department of Economic Affairs for increase in FDI up to US $ 750 million in Mylan Laboratories Limited (MLL) by Mylan Luxembourg S.a.r.l. Luxembourg and / or Mylan Group B.V. Netherlands through subscription... Full Document
Category General
MSP for Rabi Crops of 2015-16 season
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Minimum Support Prices (MSPs) for Rabi Crops of 2015-16 Season to be Marketed in 2016-17. The decision is based on recommendations of Commission for Agricultural Costs and Prices (CACP) for... Full Document
Category General
Accession to the Council of Europe Convention on Transfer of Sentenced Persons
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for:
(i) Formally requesting the Council of Europe for India’s accession to the Council of Europe Convention on the transfer of Sentenced Persons through a letter; and
(ii) upon receiving the formal invitation from the Council of... Full Document
Category General
Additional allocation of foodgrains to the States/UTs for the Below Poverty Line (BPL) and Above Poverty Line (APL) families in the States/UTs for the period October, 2015 to March, 2016
The National Food Security Act (NFSA) has come into force w.e.f. 5.7.2013 under which 2/3rd population of the country will be provided foodgrains at highly subsidized rates of Rs. 2/- per kg for wheat and Rs. 3/- per kg for rice. The coverage under the Act is based on 2011... Full Document
Category General