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Cabinet approves Doubling of Investment Limit for Senior Citizens from Rs. 7.5 lakh to Rs.15 lakh under Pradhan MantriVayaVandanYojana (PMVVY)

The Union Cabinet chaired by chaired by Prime Minister Shri Narendra Modi has given its approval for extending the investment limit from Rs 7.5 lakhs to Rs 15 lakhs as well as extension of time limits for subscription from 4thMay 2018 to 31stMarch, 2020 under the Pradhan MantriVayaVandanYojana (PMVVY) as part of Government’s commitment for financial inclusion and social security.

Further, as a boost to the Social Security initiatives for senior citizens, the investment limit of Rs 7.5 lakh per family in the existing scheme is enhanced to Rs 15 lakh per senior citizen in the modified PMVVY, thereby providing a larger social security cover to the Senior citizens.  It will enable upto Rs.10000 Pension per month for Senior Citizens.

Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accountants of India and the South African Institute of Chartered Accountants

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has has approved the Mutual Recognition Agreement between the Institute of Chartered Accountants of India (ICAI) and The South African Institute of Chartered Accountants (SAICA).

Cabinet approves Restructuring of the Indian Bureau of Mines (IBM) – creation, abolition & upgradation of posts of Joint Secretary-level and above

The Union Cabinet chaired by chaired by Prime Minister Shri Narendra Modi has approved the Restructuring of the Indian Bureau of Mines (IBM) by upgradation, creation and abolition of certain posts of Joint Secretary-level and above. The total cadre strength of Indian Bureau of Mines has been maintained at the existing strength of 1477.

The restructuring would help in enabling the IBM to effectively discharge its function to help reform and transform the regulation of the mineral sector. It will enable the adoption of IT and space technology by the IBM to improve its effectiveness in mineral regulation and development. Further, the posts entail a great deal of decision-making and accountability in the functioning of the organization.

Cabinet approves Cadre review and formation of Group ‘A’service of the technical cadre of Petroleum & Safety Organization (PESO) in the name of Indian Petroleum & Explosives Safety Service (IPESS)

The Union Cabinet chaired by chaired by Prime Minister Shri Narendra Modi has approved the Cadre review and formation of Group ‘A’ service of the technical cadre of Petroleum & Safety Organization (PESO) in the name of Indian Petroleum & Explosives Safety Service (IPESS).

The measure will enhance the capacity and efficiency of the organization and it will also enhance career progression of its Group ‘A’ officers.

Cabinet approves construction and operationalisation of 100 bedded General Hospital at Najafgarh, New Delhi

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has given its approval for construction and operationalisation of 100 bedded General Hospital at Rural Health Training Centre (RHTC), Najafgarh, New Delhi at an estimated cost of about Rs. 95 Crore.

The Project envisages setting up of the 100 bedded hospital in Najafgarh in two years to cater to the local population of 13.65 Lakh spread across 73 villages.

Cabinet approves accession to the Protocol under WHO Framework Convention on tobacco control to eliminate illicit trade in tobacco products

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has given approval to accede to the Protocol under World Health Organization (WHO) Framework Convention on tobacco control to eliminate illicit trade in tobacco products. It will be applicable to both smoking and chewing or smokeless tobacco (SLT) forms as  negotiated and adopted under Article 15 of the World Health Organization Framework Convention on Tobacco Control (WHO FCTC).  India is a party to WHO FCTC.

Cabinet approves restructuring of Multi-sectoral Development Programme for its continuation during remaining period of 14th Finance Commission as Pradhan Mantri Jan Vikas Karyakram

The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi today has approved the proposal for renaming and restructuring of Multi-sectoral Development Programme (MsDP) as Pradhan Mantri Jan Vikas Karyakram (PMJVK).  CCEA has also approved its continuation during the remaining period of the 14th Finance Commission.

Cabinet approves continuation of Umbrella Scheme ‘Green Revolution — Krishonnati Yojana’ in Agriculture Sector

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for the Umbrella Scheme, “Green Revolution – Krishonnati Yojana” in agriculture sector beyond 12th Five Year Plan for the period from 2017-18 to 2019-20 with the Central Share of Rs. 33,269.976 crore.

The Umbrella scheme comprises of 11 Schemes/Missions. These schemes look to develop the agriculture and allied sector in a holistic and scientific manner to increase the income of farmers by enhancing production, productivity andbetter returns on produce. The Schemes will be continued with an expenditure of Rs.33,269.976 crore for three financial years, i.e., 2017-18, 2018-19 and 2019-20.

Cabinet approves financial assistance to sugar mills for clearing cane dues of farmers

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval to provide financial assistance @ of Rs. 5.50 per quintal of cane crushed in sugar season 2017-18 to sugar mills to offset the cost of cane, in order to help sugar mills to clear cane dues of farmers.

Details:

  • The assistance shall be paid directly to the farmers on behalf of the mills.
  • It will be adjusted against the cane price payable due to the farmers against Fair and Remunerative Price (FRP) including arrears relating to previous years.
  • Subsequent balance if any, shall be credited into the mill’s account.

Biggest Airport, after Mumbai, to be developed in Mopa, Goa

A joint team of the Airports Authority of India (AAI) and Commerce Logistics Department will visit Goa on 7th-8thMay 2018 to facilitate the development of cargo hubs at the new airport to be constructed at Mopa inGoa. The team will meet Goa Chamber of Commerce and Industries to work together in order to leverage the advantages theState offers in terms of connectivity to the coastal belt of Western India. The four coastal states in the western part of the country, Maharashtra, Karnataka, Kerala and Goa, will benefit greatly from the biggest airport, after Mumbai,to be constructed in Mopa.

India- South Africa Business Summit Concludes in Johannesburg

Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu, attended India- South Africa business summit from April 29-30,2018 in Johannesburg, South Africa. The visit began with a series of bilateral meetings: he met Dr. Rob Davies, Minister of Trade and Industry of South Africa and ministers from Swaziland, Botswana and Lesotho.

The Minister highlighted the historical relations between India and these countries and pledged to take the economic partnership forward.

President of India chairs the first meeting of the National Committee for Commemoration of 150th Birth Anniversary of Mahatma Gandhi

The President of India, Shri Ram Nath Kovind, chaired the first meeting of the National Committee for the Commemoration of the 150th Birth Anniversary of Mahatma Gandhi, at Rashtrapati Bhavan today (May 2, 2018). The Committee has a total of 125 members, including 116 from India and encompasses the President (as chair), the Vice-President, Prime Minister, Union Ministers, former Prime Ministers, Chief Ministers, senior MPs and political leaders from across party lines, and eminent Gandhians, social thinkers and activists representing a cross-section of Indian society and regional diversity. The Committee also has nine international members, including two former Secretaries General of the United Nations – Mr Kofi Annan and Mr Ban Ki-moon – and Nobel laureates Archbishop Desmond Tutu of South Africa and former US Vice-President Al Gore. Today’s meeting was attended by 82 members of the Committee, including two from abroad. [Lists of Committee members and of those who attended are attached.

Kotak Securities launches Free Intraday Trading facility

Kotak Securities has unveiled ‘Free Intraday Trading’, allowing investors to trade intra-day without paying brokerage charges. Investors can do intra-day trades across cash, future and options segments at an annual subscription of Rs. 999. They also get free access to the brokerage’s research and technology platform for executing transactions. Intra-day trading refers to trades in which investors buy and sell the shares within the same trading session

14 Indian Cities Figure In Worlds 20 Most Polluted Cities List: WHO

As per the data released by the World Health Organisation (WHO), 14 Indian cities figure in a list of world’s 20 most polluted cities in terms of particulate matter PM2.5 levels in 2016. The particulate matter PM2.5 includes pollutants like sulfate, nitrate and black carbon, which pose the greatest risk to human health. The WHO Global Urban Ambient Air Pollution Database ranked Kanpur as the most polluted city among 4300 world cities which were monitored for their air pollution levels in the year 2016. The other Indian cities that registered very high levels of PM2.5 pollutants were Faridabad, Varanasi, Gaya, Patna, Delhi, Lucknow, Agra, Muzaffarpur, Srinagar, Gurgaon, Jaipur, Patiala, and Jodhpur.

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