Page 6 - Cabinet
Cabinet okays 10% stake sale in Hudco
Approves price discount of up to 5% on the issue price to retail (small) investors and Hudco employees
 "Cabinet okays 10% stake sale in Hudco")
Cabinet raises retirement age for doctors to 65
The decision comes in the wake of an announcement to the effect made by PM Modi at a rally in UP last month
 "Cabinet raises retirement age for doctors to 65")
Capital goods policy gets nod, aims to triple output
The Cabinet on Wednesday approved a policy for the capital goods sector, aimed at increasing production to Rs 7.5 lakh crore by 2025.Apart from tripling the sector's production from Rs 2.3 lakh crore now, the policy aims to increase direct and indirect employment from 8.4 million to at least 30 million by 2025.The Department of Heavy Industry had earlier stated that capital goods production could boost the domestic economy. "The entire economy will get a fillip once manufacturing of capital goods increases, as downstream manufacturing will also rise," said Railways Minister Suresh Prabhu, who gave a press briefing after the Cabinet took the decision.Capital goods act as inputs for the manufacture of other goods. Likewise, capital goods production, which forms 8.8 per cent of the Index of Industrial Production, is considered a proxy for industrial and investment demand. It contracted for the fifth straight month till March, this year.The government also aims to increase the share of do
 "Capital goods policy gets nod, aims to triple output")
