Cabinet

October 24, 2024 11:03 PM

PM Modi lauds launch of ₹1,000 crore VC fund for space sector, says it will drive innovation

Prime Minister Narendra Modi hailed the Union Cabinet’s decision to set up a ₹1,000 crore Venture Capital (VC) Fund dedicated to the space sector, stating that it will have a phenomenal impact on the youth and foster innovation in India’s growing space industry. In a post on X, PM Modi expressed optimism about the fund’s role in creating opportunities for young innovators. "Excellent news for the space sector! The Cabinet’s decision to establish a Venture Capital Fund will give opport...

October 24, 2024 4:08 PM

Cabinet approves Rs 6,798 crore rail projects to boost connectivity and reduce CO2 emissions

The Cabinet Committee on Economic Affairs (CCEA) has approved two major railway projects with a combined cost of Rs 6,798 crore. These projects, part of the Ministry of Railways' initiatives, aim to enhance connectivity, reduce logistics costs, and decrease carbon emissions over the next five years. The first project involves doubling the Narkatiaganj-Raxaul-Sitamarhi-Darbhanga and Sitamarhi-Muzaffarpur sections in Bihar, covering 256 kilometers. This will improve access to Nepal, northeastern ...

October 16, 2024 11:57 PM

PM Modi hails Cabinet decision to hike MSP for rabi crops, calls it a big win for farmers

Prime Minister Narendra Modi on Wednesday lauded the Union Cabinet's approval to raise the Minimum Support Price (MSP) for all mandated Rabi crops for the 2025-26 marketing season. He said that the government is taking significant steps to promote the welfare of farmers across the country. In a post on X, PM Modi said, “We are constantly making bold decisions for the welfare of our farmer brothers and sisters. Today, the government has increased the MSP for Rabi crops, including wheat and gra...

October 16, 2024 3:54 PM

Cabinet approves MSP for Rabi crops for marketing season 2025-26

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for the Marketing Season 2025-26. The government has increased the MSP of Rabi Crops to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for rapeseed & mustard at Rs 300 per quintal followed by lentil (masur) at Rs 275 per quintal. The decision w...

August 16, 2024 9:32 PM

Cabinet approves five major infra projects: 3 metros at Bengaluru, Pune, Thane and airports at Bagdogra in West Bengal and Bihta in Bihar

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved three major metro rail projects and two new airport facilities across India. In Bengaluru, the Cabinet has approved Phase-3 of the Bangalore Metro Rail Project, an ambitious expansion aimed at further extending the city’s metro network. With an investment of Rs. 15,611 crore, this phase will introduce two new elevated corridors, spanning a total of 44.65 km and encompassing 31 stations. Corridor 1 will run 32.15 km...

September 16, 2024 6:17 PM

Cabinet approves MSP for 14 Kharif season crops, farmers to get Rs 35,000 crore more over previous season

The Union Cabinet on Wednesday approved an increase in the Minimum Support Price (MSP) for 14 Kharif crops, including paddy, ragi, bajra, jowar, maize, and cotton. The decision will have a financial implication of Rs 2 lakh crore for the government while ensuring a gain of Rs 35,000 crore for farmers over the previous season. Addressing the media after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw underscored the significance of Prime Minister Narendra Modi's third...