Page-3 of cabinet approval Current Affairs, GK & News

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 being replaced as the exports are to fall further due to Corona Virus outbreak. The ..

Month: 

Category: 

Topics: 

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 India and Oriental Bank of India into Punjab National Bank. Also, amalgamation of Syndicate Bank ..

Month: 

Category: 

Topics: 

Cabinet Approval: Foreign Direct Investment Policy on Civil Aviation

On March 4, 2020, the Union Cabinet under PM Modi cleared the Foreign Direct Investment Policy on Civil Aviation. According to the policy, 100% FDI is permitted in the air transport services. Earlier only 49% was available for sale to NRIs Benefit The main benefit of the policy is that it will help in divestment ..

Month: 

Category: 

Topics: 

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 in the island did not have occupancy rights so far. The Occupancy right is the ..

Month: 

Category: 

Topics: 

Union Cabinet approves changes introduced in Surrogacy (Regulation) bill

On February 26, 2020, the Union Cabinet approved the changes introduced to the Surrogacy (Regulation) bill, 2019. The changes were introduced by the 23-member select committee of Rajya Sabha. Highlights The changes approved include not only close relatives but “any woman” willing to act as a surrogate mother shall be allowed. It has also approved ..

Month: 

Category: 

Topics: 

3 / 6<12345>>>