Page 2 - Cabinet Decision

Cabinet okays extension of tax rebate scheme for export of garments

Under the scheme, maximum rate of rebate for apparel is 6.05 per cent, while for made-ups, this goes up to 8.2 per cent

Govt approves scheme to boost domestic manufacturing of medical devices

The Union Cabinet headed by Prime Minister Narendra Modi also approved another promotion of medical device parks scheme worth Rs 400 crore for financing common infrastructure facilities

Cabinet may approve scheme for exporters to reimburse levies on Friday

Finance Minister Nirmala Sitharaman had announced about the scheme for remission of duties and taxes on export products (RoDTEP) in her Budget speech on February 1

End of uncertainty

More than consolidation, PSBs need real reforms

PMFBY scheme: Cabinet makes crop cover optional for loanee farmers

The share of non-loanee farmers, for whom the scheme is voluntary, has been steadily rising, which shows that there a vast section of growers are in favour of the scheme.

To avoid PMC-like crises, Cabinet approves banking regulation amendment law

The Union Cabinet was chaired by Prime Minister Narendra Modi

Opening up mining

Removal of end-use restrictions is a major step forward

Cabinet okays Bill to replace ordinance on corporation tax rate cut

The tax rate has been reduced to 15 per cent for new domestic manufacturing companies incorporated after October 1

Cabinet approves strategic sale of govt stake in BPCL, 4 other CPSEs

Govt's strategic divestment of BPCL will exclude Numaligarh Refinery; management control to be transferred to strategic buyer

Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects

This will finance 1,600 stalled housing projects comprising 4,58,000 housing units across the country

BPCL privatisation: No Cabinet decision yet on govt's disinvestment plans

It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week.

Boost for realty: Govt, SBI, LIC create Rs 25k-cr fund for stalled projects

Move comes a day after Finance Minister Nirmala Sitharaman announced the government was readying more reform measures to boost economy

Sourav Ganguly is the new BCCI president - good, but for how long?

The former Indian cricket captain cannot keep this office for more than 9 months. He was heading the Cricket Association of Bengal for 5 years, and he needs to 'cool off' for 3 years after July 2020

Adani Ent rally 4% after cabinet nods Lucknow, Ahmedabad airport leasing

Adani Group holds operation, maintenance and development rights for Lucknow, Ahmedabad, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports

Package soon to revive slowdown-hit economy; no cuts in fuel rates: Jaitley

He refused to divulge details, saying the measures would be unveiled only after consultation with PM Modi

New company to hold telecom tower assets of BSNL gets Cabinet nod

Cabinet also clears additional 1% DA for central government employees

Good news for central govt staff: Modi Cabinet clears 1% additional DA

Hiving off BSNL to set up a company for holding the govt telco's tower assets also gets nod

Nod to 100% FDI in commodity broking, other financial services

At present, 18 areas under NBFCs are allowed to attract 100 per cent foreign investment