The Cabinet on Thursday approved the Policy Guidelines for Land Management by Major Ports, 2014. Land policy is one of the most significant policy frameworks guiding the overall functioning and development of the port sector.
In another decision, the CCEA also approved the $1-billion rural sanitation and drinking water proposal of the World Bank for a period of six years, from 2013-14 to 2019-29. The World Bank will finance half the project, with the rest of the funding from the government.
The CCEA also approved the hiking of minimum support price for raw juteby R100 per quintal to R2,400.
Moreover, as part of the Nirbhaya Fund, the CCEA approved the R1,405-crore proposal to install CCTVs and GPS devices on public transport vehicles in 32 cities for safety of women. ?There were two more proposals but they will be taken up later,? said a source.
The Cabinet approved the infusion of capital in three banks by converting preferential shares into equity. The three banks are UCO Bank, Indian Bank and Vijaya Bank, where the government stakes will go up to 77% from 69%, to 82% from 80% and to 72% from 55%, respectively.