Cabinet Decision
Cabinet approved PLI scheme for Telecom Sector
The government of India has approved the Production Linked Incentive (PLI) norms for the telecom sector on February 17, 2021. Key Facts The approval of the PLI scheme was given for telecom and network equipment manufacturing in a bid to ..
Month: Current Affairs - February, 2021
Cabinet approves Partial Credit Guarantee Scheme
Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs). However, the amount of overall guarantee has been limited ..
Month: Current Affairs - December, 2019
Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019
Union Cabinet has approved certain amendments in Insolvency and Bankruptcy Code, 2016 (code), through Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. The amendments aim to remove certain difficulties being faced during insolvency resolution process to realise objects of code, ..
Month: Current Affairs - December, 2019
Cabinet approves MoU between CDSCO and Saudi FDA
Union Cabinet has given ex-post facto approval to Memorandum of Understanding (MoU) between Central Drugs Standard Control Organization (CDSCO) and Saudi Food and Drug Authority in field of Medical Products Regulation. The MoU was signed on 29 October 2019 during ..
Month: Current Affairs - December, 2019
Cabinet approves Indo-Japan pact in Steel Sector
Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing Memorandum of Cooperation (MoC) between Government of India and Government of Japan to constitute ‘India-Japan Steel Dialogue’ to strengthen cooperation in steel sector. MoC will help ..
Month: Current Affairs - December, 2019
Authorised capital of Food Corporation of India increased to Rs.10000 cr from Rs.3500 cr
Cabinet Committee on Economic Affairs (CCEA) approved increasing authorized capital of Food Corporation of India (FCI) from existing Rs.3,500 crore to Rs.10,000 crore. CCEA was chaired by Prime Minister Narendra Modi. Key Highlights FCI’s operations require maintaining perpetual stock of ..