All posts tagged: cabinet decisions

Cabinet approves ‘National Mission on Natural Farming’, what is it? – India TV

Cabinet approves ‘National Mission on Natural Farming’, what is it? – India TV

Published by Webster

Image Source : PTI/FILE Cabinet approves National Mission on Natural Farming The Union Cabinet approved the launching of the National Mission on Natural Farming (NMNF) on Monday, said Information and Broadcasting Minister Ashwini Vaishnaw. The government has provisioned a total outlay of Rs 2481 crore as a standalone Centrally Sponsored Scheme. Briefing the media about the decisions taken in the union cabinet meeting, Vaishnaw said that a lot of planning has been done to finalise the mission and the execution strategy.  Centre, states to work on mission The scheme has a total outlay of Rs.2481 crore in which the Centre’s share would be Rs 1584 crore while that of the states would be Rs 897 crore till the 15th Finance Commission (2025-26). Vaishnaw said, “PM Modi-led NDA government is committed to the farmers’ welfare. Today a big decision has been taken in this regard – the National Mission on Natural Farming. It’s a path-breaking decision, as we all know that there is a big requirement in our country to keep the land free of chemicals… …

Cabinet approves Rs 1,000 crore venture capital fund for space startups

Cabinet approves Rs 1,000 crore venture capital fund for space startups

Published by Webster

Image Source : PTI PM Modi chaired a cabinet meeting Modi Cabinet decisions: The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday (October 24) took a list of key decisions including setting up a Rs 1,000 crore venture capital for startups. The Cabinet Committee on Economic Affairs (CCEA) also approved two railway projects from the Ministry of Railways, with a total estimated cost of approximately Rs 6,798 crore. List of key decisions taken by Modi cabinet today:           1. Rs 1000 crore venture capital fund for space startups The Union Cabinet approved a Venture Capital Fund worth Rs 1,000 crore for the space sector startups. The fund will invest in 30-35 space start-ups in two tranches – the first of Rs 5-10 crore followed by Rs 10-60 crore at a later stage. The fund will function under the aegis of the Indian National Space Promotion and Authorization Centre (IN-SPACe) and will be operated along with the Indian Space Research Organisation, said Information and Broadcasting Minister Ashwini Vaishnaw. Benefits: Capital infusion …

Cabinet OKs Solar Scheme To Give 1 Crore Families 300 Units Of Free Power A Month

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Under the scheme, financial assistance will also be provided for residential rooftop solar installations. Continuing its push for renewable energy, the government has approved a scheme providing assistance of up to Rs 78,000 to 1 crore families to set up rooftop solar systems, which will enable them to get free electricity up to 300 units per month.  Addressing a press briefing, Union Minister Anurag Thakur said on Thursday that the Union Cabinet has approved the PM Surya Ghar: Muft Bijli Yojana. The scheme, which will have an outlay of Rs 75,021 crore, had been launched by PM Narendra Modi on February 13. The minister said the decision will not only help families and give a boost to domestic manufacturing of solar energy components, but also provide direct employment to 17 lakh people.  Under the scheme, central financial assistance (CFA) will be provided for residential rooftop solar installations. An official release said assistance of 60% of system cost will be given for 2 kilowatt (kW) systems and 40% of the additional cost will be given for …

Cabinet approves bilateral investment treaty with U.A.E.

Published by Parlour News

Union Minister Anurag Thakur briefs the media on Cabinet decisions at National Media Centre, in New Delhi. File | Photo Credit: PTI The Union Cabinet on February 1 approved an investment treaty with the United Arab Emirates (U.A.E.) that is likely to significantly boost bilateral economic engagement in a range of areas, including manufacturing and foreign direct investment (FDI). The Union Government also approved the signing and ratification of a Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (U.A.E.). The treaty is expected to improve the confidence of investors, especially large investors, resulting in an increase in foreign investments and overseas direct investment opportunities, the government said. The pact may have a positive impact on employment generation, it said in a statement. The pact would help promote investments between the two countries. “The Union Cabinet chaired by Prime Minister Narendra Modi today has given its approval for signing and ratification of the bilateral investment treaty between the government of India and the government of the United Arab Emirates,” it said. “The approval …