Cabinet approves hike in MSP for kharif crops

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved a hike in minimum support price (MSP) for Kharif crops for marketing season 2023-24.

Cabinet approves Medical Devices Sector policy aiming growth from present $11 bn to $50 bn in next 5 yrs

New Delhi/IBNS: A Union Cabinet meeting chaired by Prime Minister Narendra Modi approved the National Medical Devices Policy, 2023 Wednesday with the aim to bolster India as the global leader in the manufacturing and innovation of medical devices by achieving a 10-12% share in the expanding global market over the next 25 years, the government said in a statement.

Cabinet approves revised domestic gas pricing guidelines, natural gas price set at 10 pct of Indian Crude Basket monthly average

New Delhi/IBNS: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC and other legacy old fields.

Govt approves Rs 19,000 cr National Green Hydrogen Mission

New Delhi/IBNS: The Union Cabinet Wednesday approved the National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore to boost green hydrogen production capacity in the country to at least 5 MMT (Million Metric Tonne) per annum by 2030.

Cabinet approves up to 20 pc FDI in IPO-bound LIC

New Delhi/UNI: The Union Cabinet on Saturday cleared upto 20 per cent foreign direct investment (FDI) under automatic route in Life Insurance Corporation of India (LIC), official sources said.

Cabinet revises MSME definition, announces 'affordable' loans for street vendors, better prices to farmers

New Delhi/IBNS: In a big boost to the Micro, Small and Medium Enterprises, the Union Cabinet chaired by Prime Minister Narendra Modi, on Monday cleared a Rs 20,000-crore debt scheme, which is expected to help nearly 2 lakh MSMEs raise funds following the anti-coronavirus lockdown.

Union Cabinet gives nod for Ordinance to bring FDI in coal mining

New Delhi/UNI: Aiming to bring investments in coal mining, the Cabinet on Wednesday gave approval for the promulgation of Mineral Laws (Amendment) Ordinance 2020.

Cabinet approves extension of the term and coverage of the Fifteenth Finance Commission and submission of two reports by the Finance Commission

New Delhi/IBNS: The Union Cabinet chaired by Prime Minister Narendra Modi on Monday approved the Fifteenth Finance Commission to submit first report for the first fiscal year viz. 2020-21 and to extend the tenure of XV-FC to provide for the presentation of the final report covering FYs 2021-22 to 2025-26 by 30th October, 2020.

Cabinet approves infusion of capital by Government in IDBI Bank

New Delhi, Sept 3 (IBNS): The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Infusion of Rs 4,557 crore by Government in IDBI Bank.

Cabinet approves MoU between India and Singapore on Cooperation in the field of Planning

New Delhi, June 27 (IBNS): The Union Cabinet chaired by the Prime Minister Narendra Modi has given its ex post-facto approval to the MoU between India and Singapore on cooperation in the field of urban planning and development. The MoU was signed on 31st May 2018.

Cabinet approves scheme of budgetary support under GST regime to eligible units located in J&K, Uttarakhand, Himachal Pradesh, North Eastern States

New Delhi, Aug 16 (IBNS): The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi today has given its approval to the Scheme of providing Budgetary Support under Goods and Service Tax Regime for the eligible industrial units located in State of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim.