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Union Cabinet likely to discuss Cryptocurrency Bill today

New Delhi [India]: The Union Cabinet is likely to discuss “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” at today’s meeting. The meeting is scheduled to take place at 1 pm, sources said. The Union Finance Ministry on Tuesday had informed the Lok Sabha that a Bill on cryptocurrency is under final consideration of the Cabinet.The Union government had earlier decided to table the Bill in the Winter Session of Parliament and, sources stated, it may later be referred to the Standing Committee for further deliberations. The Bill seeks “to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India”. The Bill also seeks to prohibit all private cryptocurrencies in India but it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses. The Bill was among…

National News Politics

Union Cabinet to take up withdrawal of three farm laws for approval

New Delhi [India] : Union Cabinet is likely to take up the withdrawal of the three Farm Laws for approval on November 24, the government sources said on Sunday.The Bills for withdrawal of the laws shall then be introduced in the forthcoming winter session of Parliament which is scheduled to commence from November 29. Prime Minister Narendra Modi, earlier on Friday, announced that the Centre will repeal the three farm laws and bring necessary bills in the winter session of Parliament beginning later this month.The Prime Minister had also announced that the government will constitute a committee to work on a new framework for Minimum Support Price (MSP).Farmers have been protesting against the government’s three farm laws since the Centre had passed the laws in 2020.The three farm laws are– The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act provides for setting up…

National News Politics

CCEA, Union Cabinet to hold meeting

New Delhi [India] : The Cabinet Committee on Economic Affairs (CCEA) and Union Cabinet meetings are scheduled to be held on Tuesday at 6 pm.The last Union Cabinet meeting was held on October 6 where the Centre approved the Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel) for the financial year (FY) 2020-21. In the last cabinet meeting, the Central government had also approved the setting up of seven PM MITRA parks as announced in Union Budget for 2021-22.More details in the matter are awaited.

Business Economy TOP NEWS UPDATES

PLI scheme will boost textile exports: TEXPROCIL Chairman

Mumbai (Maharashtra) [India]: The Union Cabinet headed by Prime Minister Narendra Modi recently approved the Production Linked Incentive (PLI) scheme for notified products of man-made fibre apparel and 10 segments of technical textiles with a financial outlay of Rs 10,683 crore over five years.Welcoming the PLI scheme, Manoj Patodia, Chairman of the Cotton Textiles Export Promotion Council (TEXPROCIL) said, “The PLI scheme, which is a huge initiative taken by the Government, will boost the overall textile & clothing exports and also give a fillip to domestic manufacturing.” The incentives under the scheme are based on the fulfilment of the prescribed minimum investment and turnover limits. The broad objectives of the scheme is to help Indian textile companies to become global champions and to regain India’s dominance in global textiles trade.The PLI scheme will encourage setting up of new domestic textiles companies or expand existing…

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Union Cabinet approves continuation of Samagra Shiksha Scheme for next 5 years

The Union Cabinet on Wednesday approved the continuation of the revised Samagra Shiksha Scheme for School Education for a period of five years from April 1, 2021, to March 31, 2026. New Delhi [India], August 4 : The scheme covers 1.16 million schools, over 156 million students, and 5.7 million Teachers of Govt. and Aided schools (from pre-primary to senior secondary level). Addressing the press briefing here, Union Education Minister Dharmendra Pradhan said, “The Centre will be investing at least Rs 3,00,000 crore in the education infrastructure. Prime Minister Narendra Modi is focusing on four points in education– equality, quality, accessibility, and affordability.”“Sustainability Development goals for education have been kept in mind. Universal education which was a part of the National Education Policy is a part of the scheme as well,” he stated.“Government schools will have playschools as well and teachers will be trained…

Politics TOP NEWS UPDATES

New Union Cabinet Meeting At PM Modi’s Residence

With the upcoming Monsoon session of the parliament, the Union Cabinet decided to meet in person after almost a year since April last year when the pandemic started New Delhi: After the grand expansion of the Cabinet, Prime Minister Narendra Modi holds first high level meeting with the new Union Cabinet today, July 14. In the meeting being held at 7, Lok Kalyan Marg, PM will address ministers in person after almost a year since April last year when the pandemic started. PM Modi is gearing up for the session with his new team of cabinet ministers. The Union Cabinet has been meeting regularly since the outbreak through video conferencing. With the upcoming Monsoon session of the parliament, the Union Cabinet decided to meet in person, the Monsoon session will begin from July 19.  The session will run for 13 days which will see the…

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India gets New Health Minister, Mansukh Mandaviya takes charge today

New Delhi : Mr Mansukh Mandaviya took charge as the Union Health Minister on Thursday. Taking to twitter after taking charge of the Ministry, he said, “Today, I took over as the charge of Heath and Family Welfare as Cabinet Minister. I am committed to fulfil the aspiration of respected Prime Minister@narendramodi ji’s of healthy India and determined to serve the people tirelessly. He has been elevated to the Cabinet rank on Wednesday’s mega reshuffle of the Council of Ministers and brought to the Union Health Ministry by Prime Minister Narendra Modi. Along with him, Dr Bharati Pravin Pawar took charge as the Union Minister of State for Health & Family Welfare. Both the Ministers were received by the Union Health Secretary Rajesh Bhushan and other senior officials of the Ministry.

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Union Cabinet expansion on July 8 : Sources

Modi Cabinet Expansion: The Union Cabinet can have 81 members. At present, there are 53 ministers. There is a scope for adding 28 new faces. As many as 20 new ministers could take oath when Prime Minister Narendra Modi expands the Council of Ministers. According to sources, the exercise could take place on July 8. Meanwhile, PM Modi’s meeting with BJP national president JP Nadda and top ministers has been cancelled. The meeting was scheduled for 5 pm today. The meeting was likely to be attended by Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Defence Minister Rajnath Singh, Railways Minister Piyush Goyal, Petroleum Minister Dharmendra Pradhan, Agriculture Minister Narendra Singh Tomar, Parliamentary Affairs Minister Pralhad and others. At today’s meeting, the Prime Minister was likely to discuss the performance of ministers and also proposals on future schemes. Earlier on June 20, the PM had…