Union Cabinet

ITI upgradation scheme to be launched in January, says skill ministry

The finance ministry has provided Rs 1,000 crore for the scheme in the current fiscal year

India aims to be a maritime power by 2030, says Sarbananda Sonowal

The Union Cabinet had approved the project in October, even though it had been in the works much earlier. Currently, its physical progress stands at 60 per cent

Cabinet approves Rithala-Kundli corridor of Delhi Metro, opening of new KVs

The Union Cabinet approved on Friday the 26.463-km Rithala-Kundli corridor of the Delhi Metro's Phase-IV project that will further enhance connectivity between the national capital and neighbouring Haryana. The entire stretch will comprise 21 stations, all of them elevated. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi. Addressing a press conference, Union Minister Ashwini Vaishnaw said the project is scheduled to be completed in four years from the date of its sanction. This line will be an extension of the operational Shaheed Sthal (New Bus Adda)-Rithala (Red Line) corridor and will boost connectivity in the northwestern parts of Delhi, such as Narela, Bawana and parts of Rohini. The completion cost of the project is Rs 6,230 crore.

Explained: What is One Nation, One Subscription scheme

Cabinet waives bank guarantee for spectrum purchased in past auctions

The Union Cabinet has waived the requirement to submit bank guarantees for spectrum purchased through auctions held before 2022, according to sources. The move brings huge relief to debt-ridden Vodafone Idea as it already crossed the timeline to submit Rs 24,746.9 crore bank guarantee for spectrum payment coming up between October 2025 and September 2026. The decision will also provide relief to Bharti Airtel and Reliance Jio who have bought radiowaves through various auctions that were held before 2022. "Cabinet has waived the requirement of bank guarantees as per the relief sought by telcos," a source said. As part of telecom reforms announced in September 2021, the government has already waived the requirement of depositing bank guarantees for spectrum purchased through auctions. Vodafone Idea CEO Akshaya Moondra in the company's earning call had said the bank guarantees will impact the company's ability to seek debt facilities from the banks which the firm requires for investm

PM-Vidyalaxmi scheme approved to provide collateral-free student loans

Cabinet allocates Rs 3,600 crore to the scheme which helps meritorious students from economically disadvantaged backgrounds pursue higher education

Cabinet nod for Rs 1K crore venture capital fund for space sector startups

The move is expected to accelerate the growth of the private space sector in India, driving advancements in space technology

Cabinet approves 3% hike in Dearness Allowance; now stands at 53%

The combined impact on the exchequer due to the DA and DR increases would be Rs 9,448.35 crore per annum, according to the press statement

Centre to continue providing free fortified rice: What is it?

From agri boost to IEA membership: Key announcements by Modi 3.0 cabinet

The Union govt has allocated over Rs 1 trillion to support two major agriculture support schemes: the PM-Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana

Govt okays National Mission on Edible Oils-Oilseeds with Rs 10K cr outlay

The government on Thursday approved National Mission on Edible Oils-Oilseeds with an outlay of Rs 10,103 crore to make India self-sufficient in cooking oils. India imports more than 50 per cent of its annual edible oil requirement. "With an aim to make India self reliant in oilseed production in next 7 years, Cabinet approves National Mission on Edible Oils '? Oilseeds (NMEO-Oilseeds) for 2024-25 to 2030-31 with outlay of Rs 10,103 crore," the government said on social media platform X. The mission aims to increase primary oilseed production from 39 million tonnes in 2022-23 to 69.7 million tonnes by 2030-31, the government said. "It seeks to extend oilseed cultivation by an additional 40 lakh hectares," it added. India imports palm oil from Indonesia and Malaysia while soyabean oil is imported from Brazil and Argentina. Sunflower comes mainly from Russia and Ukraine.

Work on 12 industrial smart cities to kick off this year; 4 to be completed

In August, the Union Cabinet approved the creation of 12 industrial zones, strategically positioned across 10 states and planned along six major corridors

Cabinet clears Chandrayaan-4, Venus Orbiter Mission for space exploration

Moon mission Chandrayaan-4 will cost Rs 2104.06 cr while Rs 1,236 crore has been earmarked for Venus Orbiter Mission

Cabinet approves PM-AASHA scheme extension with Rs 35,000 cr outlay

Schemes under PM-AASHA aim to regulate price fluctuations to ensure fair prices for farmers. The Centre has also updated the policies under this scheme and added new components. Details here

PM E-DRIVE scheme to aid faster adoption of EVs in India: M&M, Tata Motors

Home-grown auto majors Mahindra & Mahindra and Tata Motors on Thursday hailed the PM e-drive scheme, saying it would help in higher adoption of electric vehicles in the country. On September 11, the Union Cabinet approved two major schemes with a total outlay of Rs 14,335 crore to promote the use of electric vehicles, including buses, ambulances and trucks. The two schemes are the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. "With continued focused support on 2Ws, 3Ws, e-buses and the thoughtful addition of e-ambulances, the scheme will drive higher EV penetration in the country," Mahindra & Mahindra Managing Director Anish Shah said in a statement. Investments laid out for fast charging infrastructure for all segments will help in increasing consumer confidence for faster adoption of ..

Cabinet approves Rs 12,461 cr support for 31,350 MW hydropower projects

The Union Cabinet on Wednesday approved a Rs 12,461 crore outlay to support the development of 31,350 MW hydropower projects to be implemented over the next eight years. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of the Ministry of Power for modification of the scheme of budgetary support for the cost of Enabling Infrastructure for Hydro Electric Projects (HEP) with a total outlay of Rs 12,461 crore, an official statement said. According to the statement, the scheme will be implemented from FY2024-25 to FY2031-32. The limit of the budgetary support for the cost of enabling infrastructure has been rationalised to Rs one crore/MW for projects up to 200 MW and Rs 200 crore plus Rs 0.75 crore per MW exceeding 200 MW, for projects above 200 MW.

Cabinet okays fourth phase of rural roads scheme with outlay of Rs 70k cr

62,500 km of new roads to be built to connect 25,000 habitations over the next 5 years from FY25

Govt gives nod to Ayushman health insurance to all citizens aged 70, above

In a move that will benefit 4.5 crore families, the Union Cabinet on Wednesday approved health coverage to all senior citizens aged 70 years and above irrespective of income under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), Union minister Ashwini Vaishnaw said. The coverage aims to benefit six crore senior citizens from 4.5 crore families with Rs five lakh free health insurance cover. Eligible beneficiaries will be issued a new distinct card under the scheme, the government said.

Cabinet likely to approve new scheme for promoting electric vehicles

Scheme outlay expected to be Rs 10,900 cr, new name to be coined in place of 'FAME'

Cabinet approves seven agricultural projects worth Rs 13,966 crore

Cabinet approves seven agricultural projects worth Rs 13,966 crore