Union Cabinet Current Affairs, GK & News

Cabinet approves Rs 6322 crore PLI scheme for specialty steel

An Rs 6,322-crore production linked incentive (PLI) scheme for specialty steel has been approved by the Union Cabinet. This move is aimed at boosting the domestic exports and manufacturing from this sector.   Key Points Incentives worth Rs 6,322 crore will be provided for over five years and this scheme will create over 5,25,000 jobs. ..

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Strategic disinvestment and transfer of management control in IDBI

The Union Cabinet recently approved the Strategic Disinvestment and transfer of management control in IDBI bank. Current Scenario The Government of India recently holds 45.48% stake in IDBI bank, LIC (Life Insurance Corporation) owns 49.24%. In 2019, LIC infused 21,624 crores of rupees into bank. It is the current promoter of IDBI and GoI is ..

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Cabinet approves Agreement between India and UK on Customs Cooperation

On April 28, 2021, the Union Cabinet chaired by Prime Minister Narendra Modi approved the agreement signed between Government of India and the Government of UK. The agreement was signed on Customs Cooperation and Mutual Administrative Assistance in Customs matters. India and UK have been signing several trade related agreements after the latter moved out ..

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Cabinet approves Subsidy for Urea produced via Coal Gasification

The Cabinet Committee on Economic Affairs recently approved subsidy for Urea that are to be produced by TFL. TFL is a state-run fertilizer plant. It is Talcher Fertilizer Plant. About the Plant The TFL is to commission a new fertilizer plant in Odisha. This plant will produce urea through coal gasification. The Government of India ..

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Union Cabinet approves India-Bangladesh Cooperation in Trade

The Union Cabinet recently approved the Memorandum of Understanding signed between the Director General of Trade Remedies of India and Trade and Tariff Commission of Bangladesh. The agreement was signed to increase the cooperation in the area of trade remedies. The agreement was signed on March 27, 2021. Key Highlights The agreement aims to promote ..

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