Tag Archives: Cabinet

Cabinet Approves Schemes To Boost Electronics Manufacturing

Cabinet Approves Schemes To Boost Electronics Manufacturing

The PLI scheme is proposed to offer a production-linked incentive to boost domestic manufacturing. The Union Cabinet has taken major decisions to enhance manufacturing of electronic components, semiconductors and mobile segments. In its meeting on Friday, the Cabinet approved ‘production-linked incentive scheme (PLI)’ scheme for promoting manufacturing of electronic components …

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Cabinet Clears Yes Bank Bailout Moratorium To Be Lifted Day 3 after Notification Nirmala Sitharaman

Cabinet Clears Bailout Plan For Crisis-Hit Yes Bank: 10 Things To Know

Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. “State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited,” the …

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Cabinet Gives Nod For Direct Overseas Listing Of Indian Companies

Cabinet Gives Nod For Direct Overseas Listing Of Indian Companies

The Act would have enabling provisions for listed as well as unlisted companies in India New Delhi: In a significant move, the Cabinet on Wednesday approved a proposal to allow direct listing of Indian companies overseas. The Companies Act, 2013 would be amended to include enabling provisions that would permit foreign …

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Cabinet Gives Nod For Formation Of 10,000 Farmer Producer Organizations

Cabinet Gives Nod For Formation Of 10,000 Farmer Producer Organizations

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its approval for a scheme for the formation of 10,000 Farmer Producer Organizations (FPOs) in five years to ensure economies of scale for farmers. The new Central sector scheme titled ‘Formation and Promotion of Farmer Produce Organizations (FPOs) is aimed …

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Finance Ministry To Seek Cabinet Nod For Credit Guarantee Fund: Report

Finance Ministry To Seek Cabinet Nod For Credit Guarantee Fund: Report

The Finance Ministry will soon move a Cabinet note seeking approval to set up the Credit Guarantee Enhancement Corporation Fund in partnership with government bodies including LIC, IIFCL, PFC and REC as well other companies soon for enhancing sources of capital for infrastructure financing. “The Credit Guarantee Enhancement Corporation Fund …

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Cabinet reshuffle: Sajid Javid resigns as chancellor

Boris Johnson and Sajid Javid

Image copyright PA Media Sajid Javid has resigned as chancellor as Boris Johnson carries out a post-Brexit cabinet reshuffle. Mr Javid rejected an order to fire his team of aides, saying “no self-respecting minister” could accept such a condition. He has been replaced as chancellor by Chief Secretary to the …

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