Cabinet Approval 28th August 2024 All MoU and Agreements with Details

Cabinet Decision/Cabinet Approval 28th August 2024 All MoUs Agreements List. Union Cabinet Approval 28th August 2024 All MoU and Agreements with Details Given Below:

Cabinet Approval 28th August 2024 All MoU and Agreements with Details

Cabinet Approval 28th August 2024 All MoU and Agreements 

The Union Cabinet, chaired by the Prime Minister Narendra Modi approved 28th August 2024 All MoU and Agreements with Details Given Below:

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Cabinet approves two new lines and one multi-tracking project in Indian Railways

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi has approved 3 (Three) projects of Ministry of Railways with total estimated cost of Rs. 6,456 Crore (approximately).

The 3 (Three) projects covering 7 Districts in 4 States i.e., Odisha, Jharkhand, West Bengal and Chhattisgarh will increase the existing network of Indian Railways by about 300 Km.

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With these projects 14 New Stations will be constructed, providing enhancing connectivity to 2 (Two) Aspirational Districts (Nuapada and East Singhbum). New Line projects will provide connectivity to approx. 1,300 villages and about 11 Lakh population. Multi-tracking project will enhance connectivity to approx. 1,300 villages and about 19 lakh population.

Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development Programme

The Cabinet Committee on Economic Affairs chaired by the Prime Ministeri Narendra Modi has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore.

12 Industrial nodes/cities Under NICDP

These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in, Maharashtra, Palakkad in Kerela, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP and Jodhpur-Pali in Rajasthan.

Cabinet approves expansion of Central Sector Scheme of 'Agriculture Infrastructure Fund’

The Union Cabinet chaired by Prime Minister Narendra Modi approved the progressive expansion in Central Sector Scheme of financing facility under ‘Agriculture Infrastructure Fund’ to make it more attractive, impactful and inclusive.

Aims

These initiatives aim at expanding the scope of eligible projects and integrate additional supportive measures to foster a robust agricultural infrastructure ecosystem.

Cabinet approves rolling out Private FM Radio to 234 uncovered new cities / towns

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the proposal for conduct of 3rd batch of ascending e-auctions for 730 channels in 234 new cities with estimated reserve price of Rs.784.87 crore under Private FM Radio Phase Ill Policy.

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The Private FM Radio rollout in 234 new cities / towns will fulfil the unmet demand for FM radio in these cities / towns, which still remain uncovered by Private FM radio broadcasting and bring new / local content in mother tongue.

Cabinet approves Central Financial Assistance for development of Hydro Power Projects in North Eastern Region

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the proposal of the Ministry of Power for providing Central Financial Assistance (CFA) to the State Governments of NER towards their equity participation for development of Hydro Electric Projects in the North Eastern Region (NER) through Joint Venture (JV) Collaboration between State entities and Central Public Sector Undertakings.

This scheme has an outlay of Rs. 4136 crore to be implemented from FY 2024-25 to FY 2031-32. A cumulative hydro capacity of about 15000 MW would be supported under the scheme. The scheme would be funded through 10% Gross Budgetary Support (GBS) for North Eastern Region from the total outlay of the Ministry of Power.

The grant towards equity portion of the State Government of NER would be capped at 24% of the total project equity subject to a maximum of Rs.750 crore per project. The cap of Rs.750 crore for each project would be revisited, if required, on a case-to-case basis. The ratio of equity of the CPSU and the State Government in the JV would be maintained at the time of disbursing of the grant.

Central Financial Assistance would be limited to only viable Hydro Electric Projects. States would be required to waive / stagger free power and / or reimburse SGST to make the project viable.