The PM Modi led cabinet has approved the urea policy 3015 and gave a nod for the revising air services agreement with Serbia. (PTI)
After a meeting of the Union Cabinet, chaired by Prime Minister Narendra modi, a number of decisions have been cleared by the government today. While the government has approved the ratification of two fundamental conventions of International labour Organization (ILO), the Union cabinet has also passed approval for the transfer of land belonging to Heavy Engineering Corporation Limited to the Jharkhand government and that of HMT Watches limited to ISRO. The PM Modi led cabinet has also approved the urea policy 3015 and gave a nod for the revising air services agreement with Serbia.
Here are the top 5 decisions cleared by PM Narendra Modi led Union Cabinet today:
1) The government has approved ratification of two fundamental conventions of International Labour Organization (ILO) to address concerns related to child labour. “The Cabinet approves ratification of two fundamental conventions of ILO — Minimum Age Convention (No 138) concerns minimum age for admission to employment and Worst Form of Child Labour Convention (No 182) concerns prohibition and immediate action for elimination of the worst form of Child labour,” an official tweeted after the Cabinet meeting here. According to the tweet, this is a step towards eradication of child labour in the country and India would be legally binding to comply with the provision of the two conventions.
2) The government has further approved amendments in the urea policy 2015, enabling manufacturers to produce additional quantity as part of its objective to boost domestic output of this key nutrient. “The Cabinet Committee on Economic Affairs has given its approval for amendment in Para 5 of New Urea Policy (NUP) – 2015 relating to the production beyond Re-Assessed Capacity (RAC) and inclusion of Para 8 in NUP-2015,” an official statement said. These amendments will protect the production beyond RAC by the urea units and are expected to boost indigenous urea production in the country, it added.
3) The Cabinet today approved revising air services agreement with Serbia, a move that is expected to improve air connectivity between the two nations. In a tweet, an official spokesperson said as of now there is no air connectivity between the two nations and the “revised agreement may lead to establishing connectivity”. The agreement was inked between India and Serbia in 2003 and the Cabinet, which met here, has given its nod to update the pact. The updated and liberalised agreement can spur greater trade, investment, tourism ad cultural exchange, the spokesperson said.
4) The government approved the transfer of 208.35 acres land belonging to HMT Watches Limited at Bengaluru and Tumkur in Karnataka to the Indian Space Research Organisation (ISRO) on payment of Rs 1,194.21 crore and applicable taxes and duties.The Union Cabinet also approved the transfer of Bangalore (Global Warehouse) land of HMT Limited measuring 1 acre to Gas Authority of India Limited (GAIL) on payment of Rs 34.30 crore and applicable taxes and duties.
5) The government approved the transfer of 675.43 acres land belonging to Heavy Engineering Corporation Limited at Ranchi to the Jharkhand government, which will help the loss-making company raise Rs 742.98 crore. The money raised will be utilised for liquidation of the firm’s employee-related statutory dues.
6) The Cabinet today approved signing of a pact between Forum of Regulators (FOR) and National Associations of Regulatory Utility Commissioners (NARUC) for large-scale grid integration of renewable energy. “The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between FOR and National Association of Regulatory Utility Commissioners (NARUC) in the area of large-scale grid integration of renewable energy,” an official statement said.
7) The Union Cabinet also approved amendments in Motor Vehicle Act.
(With inputs from agencies)