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Cabinet approves to confer the status of Institution of National Importance to five IIITs

Cabinet Meeting

The Union Cabinet allotted its approval to confer the status of Institution of National Importance to Indian Institutes of Information Technology, IIITs of Surat, Bhopal, Bhagalpur, Agartala and Raichur.

Cabinet approves to make a new major port in Maharashtra

ship port

Union Cabinet approves to set up a new major port at Vadhavan in Maharashtra. The total cost of the project is likely to be almost 65 thousand crore rupees. Vadhavan port will be developed on land lord model.

Cabinet gives approval for amendment to bring cooperative banks under regulatory control of RBI

Cabinet

Union Cabinet has given approval for bringing Cooperative banks under the regulatory mechanism of Reserve Bank of India.

Cabinet gives approval to India-Sri Lanka Alliance Air flights

AirIndia

The Union Cabinet has approved the Alliance Air, a 100 per cent subsidiary of Air India, to fly on international sectors between India and Sri Lanka.

MSME started new scheme SFURTI to set up traditional industries clusters

SFURTI

Ministry of MSME is starting a ‘Scheme of Fund for Regeneration of Traditional Industries’ (SFURTI) Scheme for setting up of traditional industries clusters viz. Khadi, Coir & Village industries clusters.

Parliament passes the Vivad Se Vishwas Bill for settlement of Direct Tax disputes

Tax

Parliament passed the Vivad Se Vishwas Bill for settlement of Direct Tax disputes on 13 March 2020. The Bill was presented in Lok Sabha (the lower house) by the Minister of Finance Nirmala Sitharaman on 5 February 2020. Lok Sabha passed it on 4 March 2020. It will provide a chance to settle direct tax disputes within the current financial year by waiving interest and penalty on their pending taxes.

Central Govt has authorized fund of Rs 1,189.40 Crore for implementation of JJM in Karnataka in 2020-21

Jal Jeevan Mission (Har Ghar Jal)
  • Central Govt has singed a fund of Rs 1,189.40 Crore for implementation of Jal Jeevan Mission in Karnataka in 2020-21, which is a much increase from Rs. 546.06 Crore in 2019-20.

Cabinet permits declaration of Kushinagar airport in UP as the international airport

AirIndia
  • The Union Cabinet 24th June permitted the declaration of the airport in Uttar Pradesh’s Kushinagar as an international airport, stating it will offer increased connectivity to the important Buddhist pilgrimage site.

Cabinet endorses capital infusion of Rs 12,450 crore in 3 state-run insurance companies

Cabinet Approval
  • The Union Cabinet on 8th July authorized capital infusion of Rs 12,450 crore for three public sector general insurance companies namely Oriental Insurance Company Ltd, National Insurance Company Ltd & United India Insurance Company Ltd (consisting Rs 25,00 crore infused in FY 2019-20).

Cabinet approved the Central Sector Scheme of funding facility under Agriculture Infrastructure Fund

Cabinet Approval
  • The Union Cabinet led by the Prime Minister Narendra Modi passed a new pan India Central Sector Scheme under Agriculture Infrastructure Fund.
  • The foremost goal of the scheme is to produce a medium-long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.

Cabinet approves establishment of AIIMS at Darbhanga, Bihar

AIIMS
  • The establishment of a new All India Institute of Medical Sciences (AIIMS) at Darbhanga, Bihar is approved by the Union Cabinet which is chaired by the Prime Minister, Shri Narendra Modi.

Cabinet approves Rs. 5718 crore STARS project

STARS project
  • Implementation of the Strengthening Teaching-Learning and Results for States (STARS) project has been approved by the Union Cabinet chaired by Prime Minister Narendra Modi.

Union Cabinet approves bonus for central govt employees, 30.67 lakh to benefit

Union Govt
  • The Union Cabinet on October 21, 2020 approved bonus for central government employees for the year 2019-2020. Around 30.67 lakh employees are expected to benefit from the announcement.

Cabinet approves India-Nigeria Space Cooperation

India Nigeria
  • The Union Cabinet approved the Memorandum of Understanding signed between the Indian Space Research Organisation and the National Space Research and Development agency of Nigeria.

Cabinet allows Atmanirbhar Bharat Rojgar Yojana

Nirmala Sitharaman
  • The Union Cabinet has given its permission for Atmanirbhar Bharat Rojgar Yojana (ABRY) to encourage employment in the formal sector by boosting the businesses to do fresh hiring amid the pandemic.
  • ABRY will also incentivize the creation of new employment openings under Atmanirbhar Bharat Package 3.0.

Union Cabinet allows historic PM-WANI Scheme

PM Modi
  • The Union Cabinet has permitted a scheme called the Prime Minister’s Wi-Fi Access Network Initiative (PM-WANI), to enhance wireless connectivity and pave the way for free wireless internet in public spaces across the country.