After a meeting of the Union Cabinet, chaired by Prime Minister Narendra modi, a number of decisions have been cleared by the government today. Here are the top 5 decisions.
After a meeting of the Union Cabinet, chaired by Prime Minister Narendra modi, a number of decisions have been cleared by the government today. While the government has approved the ratification of two fundamental conventions of International labour Organization (ILO), the Union cabinet has also passed approval for the transfer of land belonging to Heavy Engineering Corporation Limited to the Jharkhand government and that of HMT Watches limited to ISRO. The PM Modi led cabinet has also approved the urea policy 3015 and gave a nod for the revising air services agreement with Serbia.
Here are the top 5 decisions cleared by PM Narendra Modi led Union Cabinet today:
1) Cabinet approves 2 ILO conventions on prohibiting child labour
The government has approved ratification of two fundamental conventions of International Labour Organization (ILO) to address concerns related to child labour. “The Cabinet approves ratification of two fundamental conventions of ILO — Minimum Age Convention (No 138) concerns minimum age for admission to employment and Worst Form of Child Labour Convention (No 182) concerns prohibition and immediate action for elimination of the worst form of Child labour,” an official tweeted after the Cabinet meeting here. According to the tweet, this is a step towards eradication of child labour in the country and India would be legally binding to comply with the provision of the two conventions.
2) Government makes change in urea policy to enable units produce more
The government has further approved amendments in the urea policy 2015, enabling manufacturers to produce additional quantity as part of its objective to boost domestic output of this key nutrient. “The Cabinet Committee on Economic Affairs has given its approval for amendment in Para 5 of New Urea Policy (NUP) – 2015 relating to the production beyond Re-Assessed Capacity (RAC) and inclusion of Para 8 in NUP-2015,” an official statement said. These amendments will protect the production beyond RAC by the urea units and are expected to boost indigenous urea production in the country, it added.
3) Cabinet clears revised air service pacts with Malaysia, Serbia
The Cabinet today approved revising air services agreement with Serbia, a move that is expected to improve air connectivity between the two nations. In a tweet, an official spokesperson said as of now there is no air connectivity between the two nations and the “revised agreement may lead to establishing connectivity”. The agreement was inked between India and Serbia in 2003 and the Cabinet, which met here, has given its nod to update the pact. The updated and liberalised agreement can spur greater trade, investment, tourism ad cultural exchange, the spokesperson said.
4) Cabinet clears transfer of HMT Watches land to ISRO
The government approved the transfer of 208.35 acres land belonging to HMT Watches Limited at Bengaluru and Tumkur in Karnataka to the Indian Space Research Organisation (ISRO) on payment of Rs 1,194.21 crore and applicable taxes and duties.The Union Cabinet also approved the transfer of Bangalore (Global Warehouse) land of HMT Limited measuring 1 acre to Gas Authority of India Limited (GAIL) on payment of Rs 34.30 crore and applicable taxes and duties.
5) Cabinet approves monetisation of HEC land in Ranchi
The government approved the transfer of 675.43 acres land belonging to Heavy Engineering Corporation Limited at Ranchi to the Jharkhand government, which will help the loss-making company raise Rs 742.98 crore. The money raised will be utilised for liquidation of the firm’s employee-related statutory dues.
6) Cabinet approves monetisation of HEC land in Ranchi
The Cabinet approved signing of a pact between Forum of Regulators (FOR) and National Associations of Regulatory Utility Commissioners (NARUC) for large-scale grid integration of renewable energy. “The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between FOR and National Association of Regulatory Utility Commissioners (NARUC) in the area of large-scale grid integration of renewable energy,” an official statement said.
7) Cabinet approves changes in proposed Motor Bill
The Cabinet approved amendments in the Motor Vehicles (Amendment) Bill, 2016. The bill was introduced in the Lok Sabha on August 9, 2016 and was referred to Departmental Standing Committee on Transport, Tourism and Culture, headed by Mukul Roy. The Cabinet has endorsed nearly all the suggestions made by the Standing committee, Road Transport & Highways Minister Nitin Gadkari said. The bill is likely to be tabled in Parliament next week, the minister said.
8) Cabinet approves nutrient based subsidy rate of P&K fertiliser
The Cabinet approved the fixation of nutrient-based subsidy (NBS) rates for phopsphatic and potassic (P&K) fertilisers for the year 2017-18. “The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the fixation of nutrient based subsidy (NBS) rates for phosphatic and potassic (P&K) fertilizers for the year 2017-18,” an official statement said.According to the statement, the government has been implementing Nutrient Based Subsidy (NBS) Policy for decontrolled P&K fertilizers.
9) Cabinet approves establishment of CIRDAP unit in Hyderabad
The government approved the establishment of a unit of the Centre on Integrated Rural Development for Asia and the Pacific at national rural development institute for exchange of best practises with other countries in the areas of rural development. The Union Cabinet, in its meeting chaired by Prime Minister Narendra Modi, approved the signing of an agreement between the Rural Development Ministry and the Centre on Integrated Rural Development for Asia and the Pacific (CIRDAP).
10) Cabinet approves Rs 25 cr to agro-eco research centres, units
The government approved grants-in-aid of Rs 25 crore to agro-economic research centres and units beyond 2016-17. “The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved to extend the grants-in-aid support to the existing network of 12 Agro-Economic Research Centres (AERCs) and three Agro-Economic Research Units (AERUs) for one more year that is up to 2017-18,” an official statement said.
(With inputs from agencies)