Cabinet clears special exemption for NLCIL to boost renewable energy drive

July 16, 2025 4:07 PM

Cabinet clears special exemption for NLCIL to boost renewable energy drive

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a special exemption for NLC India Limited (NLCIL) to invest Rs.7,000 crore in its renewable energy expansion plans without adhering to certain existing investment guidelines for Navratna Central Public Sector Enterprises (CPSEs). The decision will allow NLCIL to infuse the funds into its wholly owned subsidiary, NLC India Renewables Limited (NIRL). The subsidiary can then invest in renewable ener...

Cabinet nod for ELI scheme to create over 3.5 crore jobs

July 1, 2025 4:53 PM

Cabinet nod for ELI scheme to create over 3.5 crore jobs

The Union Cabinet on Tuesday gave its nod to the Employment Linked Incentive (ELI) Scheme aimed at encouraging large-scale job creation and strengthening social security for the country’s workforce. The ELI Scheme, which was announced in the Union Budget 2024–25 as part of the Prime Minister’s package of five schemes for youth employment and skilling, has a total budget outlay of Rs 99,446 crore. It targets the creation of over 3.5 crore jobs within two years, with benefits applicable for...