Cabinet approvals

"O-SMART" by Ministry of Earth Sciences approved.

 “Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)”, for implementation at an overall cost of Rs.1623 crore in next five years.  The scheme encompasses a total of 16 sub-projects addressing ocean development activities such as Services, Technology, Resources, Observations and Science. Central Cabinet headed by Prime Minister Narendra Modi gave formal approval to the project.

Revised Cost Estimate for setting up of India Post Payments Bank

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for revision of the project outlay for setting up of India Post Payments Bank (IPPB) from Rs. 800 crore to Rs. 1,435 crore.  The additional sum of Rs. 635 crore in the revised cost estimates is on account of Rs 400 crore for Technology Costs and Rs 235 crore for Human Resource Costs.

Additional 2% DA for Central Government employees and DR to pensioners.

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners 01.07.2018 representing an increase of 2% over the existing rate of 7% of the Basic Pay/Pension, to compensate for price rise.

Cabinet approves MoU between India and USA in insurance regulatory sector.

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between Insurance Regulatory and Development Authority of India (IRDAI) and the Federal Insurance Office, USA.

Tripartite Cooperation, in Animal Husbandry, Dairying and Fisheries.

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and United Kingdom (UK) and Northern Ireland for cooperation in the fields of Animal Husbandry, Dairying and Fisheries.  The MoU was signed on 17.04.2018.

The MoU aims to develop bilateral cooperation in the field of Animal Husbandry, Dairying and Fisheries for the purpose of increasing production and productivity of Indian livestock and fisheries.

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