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Cabinet Approval 16th December 2020 All MoU and Agreements with Details

Cabinet Approval 16th December 2020 All MoU and Agreements with Details
Cabinet Approval 16th December 2020 All MoU and Agreements with Details

Cabinet Approval 16th December 2020 All MoU and Agreements with Details

Cabinet Approval 16th December 2020 All MoUs Agreements List.: Union Cabinet Approval 16th December 2020 All MoU and Agreements with Details Given Below:

Cabinet approves MoU between India and USA for exchange of information in areas of mutual interest in the electricity sector 

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has given its approval for Central Electricity Regulatory Commission’s proposal for entering into a Memorandum of Understanding between Central Electricity Regulatory Commission (CERC), India and Federal Energy Regulatory Commission (FERC), United States of America (USA) for exchange of information and experiences in areas of mutual interest to both in the electricity sectors.

The MoU will help in improving regulatory and policy framework for developing efficient whole sale power market and enhancing grid reliability.


Cabinet approves Auction of spectrum: Point-to-Point Details  

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved a proposal of the Department of Telecommunications to conduct spectrum auction through which spectrum will be assigned to the successful bidders for providing commercial mobile services.


The auction will be for spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz frequency bands. Spectrum will be offered for assignment for validity period of 20 years. A total of 2251.25 MHz is being offered with total valuation of Rs. 3,92,332.70 crore (at reserve price).

By winning right to use spectrum through the auction, incumbent telecom service providers will be able to augment their network capacity whereas new players will be able to start their services.

In the auction, bidders will have to comply with parameters/conditions e.g. block size in which bidders will be able to submit their bids, spectrum cap i.e. the maximum amount of spectrum that can be held by each bidder after the completion of the auction, roll-out obligations, payment terms etc.


Successful bidders may pay entire bid amount in one go (upfront) or may exercise an option to pay a certain amount (25% for spectrum won in 700 MHz, 800 MHz, 900 MHz bands or 50% for spectrum won in 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz bands) upfront and remaining amount in a maximum up to 16 equated annual instalments, after a moratorium of two years.

In addition to the bid amount, successful bidders will also have to pay 3% of the Adjusted Gross Revenue (AGR) excluding wireline services as spectrum usage charges for the spectrum won through this auction.


Cabinet approves revised cost estimate of North Eastern Region Power System  

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Revised Cost Estimate (RCE) of North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs. 6,700 crore. This is a major step towards economic development of North Eastern Region through strengthening of Intra - State Transmission and Distribution systems.


The scheme is being implemented through POWERGRID, a Public Sector Undertaking (PSU) under Ministry of Power in association with six beneficiary North Eastern States namely, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura and is targeted to be commissioned by December 2021. After commissioning, the project will be owned and maintained by the respective North Eastern State Utilities.

The main objective of the project is Government commitment for the total economic development of North Eastern Region and to strengthen the Intra-State Transmission & Distribution Infrastructure in the North East Region.


Cabinet approves assistance of about Rs. 3,500 crore for sugarcane farmers (Ganna Kisan)

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has approved assistance of about Rs. 3,500 crore for sugarcane farmers (Ganna Kisan).


Currently, there are close to five crore sugarcane farmers (Ganna Kisan) and their dependents in India. In addition to this, there are about five lakh workers employed in the sugar mills and ancillary activities; and their livelihood depends on the sugar industry.

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