Page 6 - Cabinet Meeting

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 ...

Pension of freedom fighters hiked by 20%

This will be termed as Dearness Relief, the appropriate term in case of pensioners