Cabinet approves abolition of Foreign Investment Promotion Board; concerned ministries to clear FDI proposals now; Cabinet also approves 255 rupees as Fair and Remunerative Price of sugarcane per quintal for current season; gives nod to Noida-Greater Noida Metro rail project and a new AIIMS in Assam.
Union Cabinet today approved abolition of Foreign Investment Promotion Board, FIPB, which vets FDI proposals requiring the government approval. Currently, FDI in 11 sectors, including defence and retail trading requires FIPB approval. Now, the processing and approval of FDI proposals in these sectors will be handled by concerned Ministries and Departments. Briefing reporters Finance Minister Arun Jaitley said the Department of Industrial Policy and Promotion will issue standard operating procedures for processing of FDI proposals.
Yesterday’s decision will improve attractiveness of India as an investment destination and result in more FDI inflow. It will also improve ease of doing business and promote minimum government and maximum governance.
Earlier, in his Budget speech the Finance Minister had announced scrapping of the FIPB.
Union Cabinet also approved 255 rupees per quintal Fair and Remunerative Price, FRP, of sugarcane payable by sugar mills for 2017-18 season. This will help sugarcane growers guaranteed price. The rate will be for a basic recovery rate of 9.5 percent. FRP for previous season was 230 rupees per quintal.
In another important decision, the Cabinet gave its nod to Noida – Greater Noida Metro rail project with a total cost of 5503 crore rupees. The metro line of 29.7 kilometers will be fully elevated and completed by April next year. It will help mobility of people to satellite towns of Delhi and de-congest the national capital.
Cabinet has approved setting up of new AIIMS in Kamrup, Assam under Pradhan Mantri Swasthya Suraksha Yojana. It will have 750 beds, trauma center facilities, medical and nursing college and other facilities. The project will cost 1,123 crore rupees and will be completed in 4 years from the date of approval.
The Cabinet was apprised of Defence Ministry’s recent decision to involve private sector as strategic defence partner in defence production. Talking to media after Cabinet meeting, Defence Minister Arun Jaitley said the decision deals with encouraging Make In India in defence sector.
Last week, Defence Acquisition Council had finalized a much-awaited policy under which private sector companies will be roped-in to manufacture hi-tech defence equipment like submarines and fighter jets in India in partnership with foreign entities.
Postal Services review by Prime Minister.
Prime Minister Narendra Modi today reviewed the progress towards handling and resolution of grievances related to postal services. Chairing the 19th interaction through PRAGATI, Mr Modi asserted that the importance of postal services is on the rise again. He sought to know what changes have been made in procedures, and what action has been taken against officers responsible for lapses.
The Prime Minister also reviewed the progress of vital infrastructure projects in the railways, road and power sectors, spread over several states, including Himachal Pradesh, Haryana, Uttarakhand, Uttar Pradesh, Tamil Nadu, Odisha and Madhya Pradesh. He also reviewed the Crime and Criminal Tracking Network and Systems. Mr Modi urged States to accord high priority to this project, so that maximum benefit could be taken from it.
Prime Minister Narendra Modi asks States to accord high priority to Crime and Criminal Tracking Network and Systems to improve law and order.
Prime Minister Narendra Modi has asked all state governments to accord high priority to the Crime and Criminal Tracking Network and Systems (CCTNS) to ensure better law and order. During a meeting of PRAGATI yesterday, Mr Modi said high priority should be given to this network, so that maximum benefit could be taken from it, in the interest of law and order. Our Correspondent reports that CCTNS is a project of the Central government for creating a comprehensive and integrated system for effective policing through e-governance.
“The Crime and Criminal Tracking Network and Systems aims to integrate all the data and records of crime into a core application software, spread across 29 states and 7 union territories of the country. It also aims at creating a comprehensive and integrated system for enhancing the efficiency and effectiveness of policing through adopting of principle of e-Governance and creation of a nationwide networking infrastructure. The objectives of the CCTNS is to make the Police functioning citizen friendly and improve delivery of citizen-centric services through effective usage of Information and communication technology.”
The government will raise bonds of 2,360 crore rupees for renewable energy. A decision in this regard was taken by the Union Cabinet last evening. The bonds will be raised by the Ministry of New and Renewable Energy and funds will be used in various renewable energy programmes. The decision will boost infrastructure in the sector and facilitate achievement of ambitious targets for the renewable energy sector.
The Cabinet has approved the allocation of 2.5 per cent of the Central Road Fund for the development and maintenance of National Waterways. Finance Minister Arun Jaitley said that the cabinet has amended the Central Road Fund Act, 2000 to boost inland water transport.
It is estimated that 1.8 lakh persons would be provided employment in the Inland Waterways Transport sector in the next five years. The Central Road Fund (Amendment) Bill, 2017 will be moved in the ensuing Monsoon Session of Parliament. The Cabinet has also directed that while implementing viable National Waterways projects, all such components that can be done on a Public Private Partnership basis, should be explored.
The Cabinet has also approved the Joint Declaration of Intent (JDI) between Germany and India regarding cooperation in the sector of alternative medicine. The signing of the joint declaration will enhance bilateral cooperation between the two countries in the areas of traditional and alternative medicine.
The Cabinet also approved the signing of an MoU between Spain and India on cooperation in the field of Organ Transplant Services. The MoU will facilitate bilateral cooperation in the field of organ and tissue procurement and transplantation and better understanding between the two countries.
NATO leaders to meet today in Brussels to endorse the proposal of joining US-led anti-Islamic State coalition.
The NATO summit begins today in Brussels. NATO chief, Jens Stoltenberg, said that terrorism will top the agenda of the meeting. Diplomatic sources said, NATO is to join the US-led anti-Islamic State coalition(IS), meeting a key demand of US President Donald Trump that the alliance do more to fight Islamist terrorism. Sources said, NATO leaders will formally endorse the decision at the summit. President Donald Trump has arrived in Brussels to take part in the summit. Earlier, NATO chief, Jens Stoltenberg said that many allies would like to see NATO as a full member of the coalition because it sends a strong message of unity.
All 28 allies have joined the anti-IS coalition of more than 60 countries as individuals, but NATO as an institution had not followed suit up to now despite intense pressure from Washington.
Hyderabad will get 100 fully automated “She Toilets”.
Hyderabad local authorities have proposed to build 100 fully automated “She Toilets” for women at many places in the city Under the Swachh Bharat Mission.
“As the city got edged out from its 19th rank last year to 22nd during the current year in Swachh Sarwekshan, the (GHMC ) Greater Hyderabad Municipal Corporation authorities took up the issue as a challenge and initiated focused efforts to make the city more clean. GHMC Commissioner Dr Janardhan Reddy informed that 100 She Toilets, which are un-manned and fully automatic, will be built by August 15th This year.
One of the major Public Sector Units, BDL has come forward for building these fully automatic She Toilets and provided 2 crore rupees under its Corporate Social Responsibility Scheme while some banks also come forward for the task. Meanwhile, the GHMC authorities also began efforts to make the city fully Open Defecation Free by next year.”
Courtesy of – All India Radio