Cabinet clears metro rail policy; focus on PPP model, urban development

Also, mechanism to hasten privatisation, irrigation funding by Nabard via bonds

The central government has cleared a new mechanism to hasten privatisation of state-owned companies. This system is meant for strategic disinvestment, as opposed to minority stake sales in public sector units, public offers of equity and the like.

 
Among other major decisions by the Cabinet and the Cabinet Committee of Economic Affairs (CCEA) on Wednesday, a nationwide policy for metro rail transportation was approved. Future projects are to be tendered while keeping in mind their social and economic impact, not only the estimated financial return.
 
A decision was also taken to extend tax benefits for industrial units in the