The Union Cabinet has approved the Agriculture Export Policy in line with the government’s commitment to double farmer’s income by 2022.
Speaking to media in New Delhi after the meeting of the Cabinet on Thursday, Commerce and Industry Minister Suresh Prabhu said, farmers will get the benefit of export opportunities through a stable trade policy regime. He said, the policy will remove export curbs on most organic and processed food.
The Cabinet also approved the launch of National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). With a total outlay of 3660 crore rupees, 15 Technology Innovation Hubs, six Application Innovation Hubs and four Technology translation Research Hubs will be set up under National Mission.
The Cabinet approved implementation of Shahpurkandi Dam on river Ravi in Punjab which helps in minimising some of the water of the River which at present are going waste downstream to Pakistan.
The Cabinet has approved the Amendment of the Jallianwala Bagh National Memorial Act, 1951.
The Cabinet Committee on Economic Affairs -CCEA gave in- principle approval for the sale of the Government’s stake in Rural Electrification Corporation to Power Finance Corporation. Briefing reporters, Finance Minister Arun Jaitley said, the acquisition intends to achieve integration across power chain, create economies of scale and have enhanced capability to support energy efficiency.