Cabinet clears Rs 50.8 billion for new terminals at three airports

The scheme provides an assured pension based on a guaranteed rate of return of eight per cent per annum for 10 years, with an option to opt for a monthly, quarterly, half yearly or annual basis

The Cabinet Committee on Economic Affairs (CCEA) approved a proposal to build new terminals at the airports of Chennai, Guwahati and Lucknow, at a total cost of Rs 50.82 billion.

The government, on the Wednesday, also approved continuation of the agri-umbrella programme, ‘Green Revolution — Krishonnati Yojana’, with a central outlay of Rs 332.7 bn till March 2020. It was launched last year after clubbing 11 schemes for the sector.

Also, the Cabinet doubled the investment limit to Rs 1.5 million under the Pradhan Mantri Vaya Vandan Yojana pension scheme and extended the subscription period, which was to end on Thursday, by