Cabinet meeting: Reputation of 75 unique medical colleges; FDI norms eased for single mark retail, digital media, manufacturing

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    Cabinet meeting: Reputation of 75 unique medical colleges; FDI norms eased for single mark retail, digital media, manufacturing


    india independence day, pm modi, narendra modi, prakash javadekar, plastics, plastics in india, plastic ban, indian express news
    Prakash Javadekar acknowledged that Cabinet has licensed Establishment of an Global Coalition for Trouble Resilient Infrastructure (CDRI).

    The authorities will commence 75 unique medical colleges in the country, launched Knowledge and Broadcasting Minister Prakash Javadekar after a meeting of the Union Cabinet chaired by High MinisterNarendra Modion Wednesday. The unique medical colleges, to be opened in unreserved districts, will be built on the expenditure of Rs 24,375 crore and will add 15,700 more MBBS seats, acknowledged the minister, alongside with that it is the absolute most sensible expansion in medical training.

    Subsidy on sugarcane export

    Besides this, the authorities additionally launched a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar all the method via the 2019-20 marketing yr starting October in remark to liquidate surplus domestic inventory and lend a hand mills in clearing huge sugarcane arrears to farmers.

    “We dangle taken a really essential resolution in the hobby of sugarcane farmers. The cupboard has licensed export subsidy for 6 million tonnes for 2019-20,” Javadekar informed newshounds after the cupboard meeting.

    A lump sum export subsidy of Rs 10,448 per tonne will be given to sugar mills in the 2019-20 marketing yr (October-September), costing the exchequer Rs 6,268 crore as a subsidy, he acknowledged.

    This will support millions of farmers in Uttar Pradesh, Maharashtra and Karnataka to boot as diversified states, he added. The authorities is providing subsidy for export of 5 million tonnes of sugar for the hot 2018-19 marketing yr.

    The cupboard has additionally establishment of an Global Coalition for Trouble Resilient Infrastructure (CDRI), acknowledged Javadekar alongside with that the high minister will commence CDRI all the method via UN Local weather Summit in Unique York on 23rd September 2019.

    100 per cent FDI in coal mining

    Talking after Javadekar on the click briefing, Union Commerce MinisterPiyush Goyallaunched that the authorities has relaxed International Command Funding rule for foreign single-mark retailers and additionally licensed foreign funding in contract manufacturing and coal mining.

    Goyal acknowledged 100 per cent FDI under automatic route in coal mining and associated infrastructure has been licensed.

    To raise domestic manufacturing, 100 per cent FDI in contract manufacturing under automatic route has been allowed, he acknowledged, alongside with that 26 per cent FDI has been allowed in digital media.

    On FDI in single-mark retailing, the Cabinet has expanded the definition of necessary 30 per cent domestic sourcing norm. It additionally allowed single-mark retailers to commence on-line sales, waiving the old condition of constructing a necessary brick-and-mortar store, he acknowledged.

    (With PTI inputs)

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