Central to the package is the extension of the Shipbuilding Financial Assistance Scheme (SBFAS) until March 31, 2036, backed by a corpus of ₹247.36 billion. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a comprehensive package worth ₹697.25 billion to revitalise India’s shipbuilding and maritime ecosystem. The initiative adopts a four-pillar strategy...
Tag: Union cabinet
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Private sector eligible to get de-mined coal land
Land to be given on lease for energy infrastructure projects
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Cabinet Approves Model Tenancy Act
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Model Tenancy Act for circulation to all states and union territories for adaptation by way of enacting fresh legislation or suitable amendment of existing rental laws. The act will help overhaul the legal framework for rental housing across the country to help spur...
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PLI Scheme Approved for High-Efficiency Solar PV Modules
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for the implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on High-Efficiency Solar PV (Photo Voltic) Modules’ for achieving manufacturing capacity of gigawatt (GW) scale in high-efficiency solar PV modules with an outlay of...
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Cabinet Approves PLI Scheme for 10 Key Sectors for Enhancing Manufacturing Capabilities
The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to introduce the production-linked incentive (PLI) scheme in ten key sectors.
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Union Cabinet Approves India-Japan MoC in ICT
The Union Cabinet, chaired by the Prime Minister, Narendra Modi has given its approval for signing a memorandum of cooperation (MoC) between India and Japan on bilateral cooperation in the field of information and communication technologies (ICTs), the Ministry of Communication said in a release on Thursday.
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Cabinet approves Noida – Greater Noida Metro Rail Project
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Noida - Greater Noida Metro Rail Project covering a length of 29.707 km. Total completion cost of the project is Rs 5,503 crore.
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Timely Fixes
Historically, infrastructure projects in India have been funded on a mix of debt and equity. The current trends suggest so. Over the past 15 days, as many as three initial public offerings-IRB, HUDCO and PSP Projects - have hit Dalal Street, raising more than Rs 6,000 crore, a testimony to the fact that the bond market is gaining pace after the 2008 turmoil.
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Cabinet approves a new scheme for promotion of rural housing
The Union Cabinet has approved a new scheme for promotion of rural housing in the country. The Centre will provide interest subsidy under the scheme.
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Cabinet approves creation of GST Council
Create one post of Additional Secretary to the GST Council in the GST Council Secretariat (at the level of Additional Secretary to the Government of India), and four posts of Commissioner in the GST Council Secretariat (at the level of Joint Secretary to the Government of India).