Cabinet Approvals- January 24, 2017

Cabinet Approvals Chaired By Narendra Modi on 24 January 2017

i. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the Indian Institute of Management(IIM) Bill, 2017 on January 24, 2017 that aims to declare IIMs as Institutions of National Importance.

ii. Cabinet gave its ex-post facto approval on for interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks.

iii. As a part of government’s commitment for financial inclusion and social security the Union Cabinet has given its post-facto approval to launch Varishtha Pension Bima Yojana 2017 (VPBY 2017) on January 24, 2017.

iv. Union Cabinet on January 24, 2017 approved a new scheme for promotion of Rural Housing in the country.

v. PM Modi gave approval for the ratification of the Second Commitment Period of the Kyoto Protocol on containing the emission of Green House Gases (GHGs) which was adopted in 2012. Till date, 65 countries have ratified the Second Commitment Period.

vi. Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi approved the proposal of India Trade Promotion Organisation (ITPO) on January 24, 2017 for redevelopment of Pragati Maidan by setting up of a world class Integrated Exhibition-cum-Convention Centre (IECC) at Pragati Maidan, New Delhi.

Source-The Hindu

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