Major decisions of central government
The Union Cabinet on Wednesday approved a proposal to give ownership rights to people living in unauthorized colonies of Delhi. Union Minister Prakash Javadekar informed about this effect. The proposal to this effect was approved in the meeting of the Union Cabinet led by Prime Minister Narendra Modi. 40 lakh people are expected to benefit from this decision.
After the cabinet meeting, Javadekar told reporters, "In an important decision, the Union Cabinet has decided to give ownership rights to people living in unauthorized colonies of Delhi." He said that 40 lakh people will benefit from this. A bill in this regard will be introduced in the next session of Parliament.News World Ahmed
The government has opened the retail business of fuel to non-petroleum companies. Now even companies that are not in the petroleum sector will be able to open petrol pumps. It is believed that this step of the government will increase competition in the retail business sector of fuel. Union Minister Prakash Javadekar gave this information after the meeting of the Union Cabinet on Wednesday.
He said that opening of retail business of fuel to companies outside the petroleum sector will increase investment and competition. Currently, a company needs to invest Rs 2,000 crore in either hydrocarbon exploration, production, refining, pipeline sector or liquefied gas terminals (LNG) in order to obtain a license to retail fuel business in the country.
The government raised the minimum support price (MSP) of wheat by Rs 85 to Rs 1,925 a quintal. At the same time, the MSP of pulses has been increased by up to 325 quintals. MSP is the rate at which the government buys food grains from farmers by giving them price support.
After the meeting, Information and Broadcasting Minister Prakash Javadekar said, "As an initiative to increase farmers' income, the cabinet has decided to increase the MSP for rabi crops for the current year." The CCEA has raised the MSP of wheat by Rs 85 quintals to Rs 1,925 per quintal for 2019-20. Last year it was Rs 1,840 per quintal.News World Ahmed
The MSP of barley has also been increased by Rs 85 to Rs 1,525 per quintal for the current crop year, which was Rs 1,440 per quintal last year. To encourage pulses cultivation, the MSP of lentils was increased by Rs 325 to Rs 4,800 per quintal as against Rs 4,475 per quintal last year.
Similarly, the government on Wednesday decided to merge the two companies under the revival package of loss-making public sector telecom companies MTNL and BSNL. Government bonds will be issued under the revival plan for these two public sector companies going through financial constraints.News World Ahmed
While the assets will be monetized and voluntary retirement scheme (VRS) will be offered for the employees. Telecom Minister Ravi Shankar Prasad informed the reporters about the decisions taken in the cabinet meeting chaired by Prime Minister Narendra Modi.
He said that the government will invest Rs 29,937 crore to bring both public companies back on track. Under the scheme, government bonds worth Rs 15,000 crore will be issued and property worth Rs 38,000 crore will be sold or leased in the next four years. He said that voluntary retirement scheme will be brought for employees to cut costs.