Page 5 - Cabinet Meeting

Govt hikes milling Copra MSP by Rs 439/qtl; ball Copra up by Rs 380/qtl

The government on Friday approved an increase in the minimum support price (MSP) of milling copra by Rs 439 per quintal and ball copra by Rs 380 per quintal as part of its effort to boost farmers income. The new MSP for milling copra for 2020 season will be Rs 9,960 per quintal and that of ball copra Rs 10,300 per quintal. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the MSP for copra for 2020 season. Information & Broadcasting Minister Prakash Javadekar said India is number one in production and productivity of copra in the World. The production of copra is around 15 million tonnes. It is grown by 30 lakh farmers in 20 lakh hectares area. The MSP for Fair Average Quality (FAQ) of milling copra has been increased to Rs 9,960 per quintal for 2020 season from Rs 9,521 per quintal in 2019. The MSP for ball copra has been increased to Rs 10,300 per quintal for 2020 season from Rs 9,920 per quintal in 2019. This will ...

Cabinet Highlight: YES Bank moratorium to be lifted within 3 days, says FM

Cabinet has cleared a draft resolution scheme for cash-starved YES Bank. Last week, the Reserve Bank of India (RBI) had announced a draft scheme of reconstruction for the lender. Follow LIVE UPDATES

Top events of the day: Coronavirus quarantine, Cabinet meet, and more

From coronavirus damage control to Unnao rape case quantum of punishment, here are the top events for Friday

NRIs can now acquire up to 100% equity in Air India, says govt

Allowing 100 per cent investment by Non-Resident Indians (NRIs) in the carrier would also not be in violation of SOEC norms. NRI investments would be treated as domestic investments

Cabinet likely to clear PSB merger, decriminalise sections of Companies Act

As many as 43 sections of Companies Act will be decriminalised through Cabinet approval

22nd Law Commission, Rs 4,558 cr for dairy farming: Key Cabinet decisions

The second phase of Swachh Bharat will start soon, Javadekar added

Top headlines: Trump on US-India trade deal, key cabinet decisions and more

From affect of coronavirus impact on Indian imports to SpiceJet launching new flights, here are the top 10 headlines for the day

Cabinet approves Rs 2,400 cr for developing tourism infrastructure

Under the scheme, launched in January 2015, 15 circuits have been identified for development

India-Swiss air service pact to be amended, Cabinet nod to signing protocol

The release added that under the amendments, multiple airlines would be allowed to conduct operations between the two countries. Till date, only two airlines were permitted

Ordinance to amend Insolvency and Bankruptcy Code gets Cabinet approval

Union minister Prakash Javadekar on Tuesday said the Cabinet has cleared an ordinance to amend the Code

Proposal to launch Atal Bhujal Yojana to be discussed in Cabinet meeting

Prime Minister Narendra Modi is likely to launch the scheme on December 25, the birth anniversary of Vajpayee, the sources said

Cabinet apprised of Indo-German strategic collaboration on railway projects

It will facilitate exchange of information, expert meetings, seminars, technical visits and implementation of jointly agreed cooperation projects

Market Ahead, November 21: All you need to know before the Opening Bell

For the telecom sector, the Union Cabinet approved a two-year moratorium on payment of pending spectrum auction instalments

Top events today: Cabinet meet on Kashmir, Sengar in court and more

From Sitharaman to meet heads of public and private banks to Sovereign Gold Bonds subscription, Business Standard brings you top events of the day

Govt clears 75 hospitals with 15,700 MBBS seats in 'aspirational districts'

The medical colleges would be set up at an estimated cost of Rs 24,375 crore

Govt okays 100% FDI in contract mfg, eases rules for single brand retail

The Union Cabinet also approved 100% FDI under automatic route in coal mining and associated infrastructure

Govt okays relaxing production sharing contracts of Pre-Nelp, NELP blocks

Sops will give relief to companies like ONGC and Oil India on sharing of royalty and cess in pre-Nelp exploration blocks

Railways staff to get productivity-linked bonus ahead of Diwali: Cabinet

Here are the highlights of the Cabinet meeting

After reshuffle, PM Modi to hold first Cabinet meeting today

Six ministers in the existing Cabinet "volunteered to resign" in the run-up to the reshuffle

Ordinance to tackle bad loans worth Rs 6 lakh crore cleared

The Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday, has approved a new framework to deal with Rs 6 lakh crore worth of non-performing assets in the banking system, a formal announcement of which is expected to be made after President's ascent to few Ordinances. The framework includes an ordinance to amend the Banking Regulations Act to give more teeth to the Reserve Bank of India and its oversight committees to act on behalf of banks while deciding on toxic assets.The cabinet also approved a National Steel Policy that aims at giving preference to domestically manufactured iron and steel products for government's infrastructure projects, a move that would boost the sales of debt-laden companies. It also decided to handover to three ITDC Hotels located in Madhya Pradesh, Assam and Rajasthan to the state government after the Centre exists its stake in them. The properties would now be redeveloped and used as per the state governments requirements. "We have taken some ...