CABINET RAISE
Karnataka: Siddaramaiah sets up 5-member panel of ministers to dig up BJP scams
Chief Minister Siddaramaiah has established a five-member committee to investigate the "21 scams" alleged to have occurred during the previous BJP administration. Led by Home Minister G Parameshwara, the committee includes Law Minister HK Patil, Revenue Minister Krishna Byre Gowda, Rural Development & Panchayat Raj Minister Priyank Kharge, and Labour Minister Santosh Lad.
Kaynes Technology shares rally 9% after Union Cabinet gives green light to semiconductor unit
Kaynes Tech Share Price: Kaynes Technology's shares rose by 8.5% after its subsidiary, Kaynes Semicon, received Union Cabinet approval to establish an OSAT facility in Sanand, Gujarat. The project, worth Rs. 3,307 crores, will produce 63 lakh chips daily for various applications, including industrial and automotive sectors. Both the central and state governments will support the investment.
Union Cabinet approves OSAT proposal of Kaynes Semicon to set up in Sanand
The proposed unit in Sanand, Gujarat, will be set up with an investment of Rs 3,307 crore. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.
Government mulls stricter penalties for misuse of national emblems, names
The Union government is considering significant amendments to the Names and Emblem (Prevention of Improper Use) Act, 1950, to strengthen the law and deter violations. Proposed changes include substantial increases in fines and the introduction of imprisonment for offenders, aiming to raise penalties to Rs 1 lakh for first-time violators and up to Rs 5 lakh for repeat offenders, with a six-month jail term.
Unified Pension Scheme to put a Rs 6,250-cr pressure on govt
Effective April 1, 2025, the Unified Pension Scheme will ensure assured pensions for 23 lakh central government employees, boosting the government's contribution to 18.5%. This change will cost the exchequer Rs 6,250 crore annually. Employees' contributions stay at 10%.
'U' in UPS stands for Modi govt's U-turns: Congress' swipe after Unified Pension Scheme announcement
The Congress took a jab at the Modi government following the approval of the Unified Pension Scheme (UPS) guaranteeing 50% of salary as pension for employees who joined after January 1, 2004. The scheme includes a minimum pension of Rs 10,000 per month, fulfilling long-standing employee demands and providing financial security to central and state employees.
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Cabinet approves metro rail projects worth Rs 30,000 crore in Bengaluru, Thane, and Pune
The Union Cabinet sanctioned metro projects in Bengaluru, Thane, and Pune, totaling Rs 30,000 crore and set for completion by 2029. New civil enclaves at Bagdgora Airport and Bihta, Patna, costing nearly Rs 3,000 crore, were also approved to tackle airport capacity issues in West Bengal and Bihar.
Second retired general to join interim Bangladesh cabinet
A second retired military general was set to join Bangladesh's interim government on Friday, one of four new additions to the caretaker administration formed after last week's ouster of autocratic ex-premier Sheikh Hasina. Chowdhury was a three-star general and second-in-command of the army but retired from the forces in 2010 -- the year after Hasina, now 76, took office.
Committed to Constitution, no provision for creamy layers in SC/ST quota: Union Cabinet
The Union Cabinet, led by Prime Minister Narendra Modi, clarified on Friday that the Constitution, as framed by B R Ambedkar, does not include a provision for a creamy layer within the reservation system for Scheduled Castes (SC) and Scheduled Tribes (ST). This statement followed a detailed discussion on a recent Supreme Court judgement regarding sub-categorization within these reservations.
Govt to introduce Banking Laws (Amendment) Bill in LS, seeks to raise nominees per a/c to 4
The government proposed the Banking Laws (Amendment) Bill, 2024, to raise nominees per bank account to four and reclassify 'substantial interest' to Rs 2 crore for bank directorships. The Bill includes cooperative bank reforms, auditor remuneration adjustments, and new bank reporting dates. It also aims to amend several banking-related acts for better governance.
No concept for creamy layer in reservation for SCs, STs in Ambedkar's constitution: Ashwani Vaishnaw
Minister of Information and Broadcasting Ashwani Vaishnaw stated that Baba Saheb Ambedkar's principles do not include the concept of a creamy layer within Scheduled Castes (SCs) and Scheduled Tribes (STs) reservations.
Govt to allow up to 4 nominees per deposit account
On Friday, the Union Cabinet approved several amendments to banking laws aimed at addressing unclaimed deposits and improving customer ease. Key changes include increasing the number of nominees per deposit account to up to four and introducing "successive and simultaneous" nominations, which will help joint account holders and heirs access funds after an account holder's death.
Union Cabinet meet tomorrow at 10:30 AM ahead of Budget session: Report
The Union Cabinet meets before Monsoon Session starting July 22, with government and All-Party Meetings on July 21 at Parliament House Annexe. The Halwa ceremony in North Block marked budget preparation completion, attended by FM Sitharaman. Opposition protests during PM Modi's reply in the 18th Lok Sabha raised NEET, Manipur, and price rise issues.
Cabinet will decide on renaming Ramanagara district as Bengaluru South: CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah has announced that the State Cabinet will decide on the proposal to rename the neighbouring Ramanagara district as 'Bengaluru South'. The proposal, which includes Ramanagara, Magadi, Kanakapura, Channapatna, and Harohalli taluks, has gained momentum, with a delegation led by Karnataka Deputy Chief Minister D K Shivakumar meeting Siddaramaiah and submitting a memorandum. The proposal also proposes that Ramanagara town, about 50 kms away, remain as the district's headquarters.
Pakistan's federal cabinet approves hike of PKR 5.72 per unit in basic power tariff
Pakistan's federal cabinet has approved a significant hike in the basic power tariff, raising it by PKR 5.72 per unit. This increase, effective from July 1, 2024, will raise the average electricity tariff to PKR 35.50 per unit. The move aims to cover financial losses and support an IMF bailout, despite causing consumer strain.
Cabinet okays paddy MSP hike, green VGF and a ₹2,870-cr revamp of Varanasi international airport
The Union cabinet, under Prime Minister Narendra Modi's leadership, approved significant decisions including a 5-11% increase in Minimum Support Price (MSP) for kharif crops, construction of a ₹76,220-crore port in Vadhavan, Maharashtra, and a revamp of Varanasi international airport. Viability Gap Funding (VGF) for offshore wind energy projects was also sanctioned, marking the beginning of the new government's 100-day agenda.
Jharkhand cabinet approves salary hike of CM, ministers, MLAs by up to 50 pc
Jharkhand government approved up to 50% salary hike for CM, ministers, and legislators. Chief Minister Champai Soren chaired the cabinet meeting where the decision was made, confirmed by Cabinet Secretary Vandana Dadel.
Cabinet approves MSP for 14 kharif crops; here is the full list
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved Minimum Support Prices (MSPs) for 14 kharif crops on Wednesday. Ashwini Vaishnaw, Minister of Information and Broadcasting, highlighted the significance of these decisions for farmers' welfare as the kharif season approaches. Key increases include MSP for paddy by Rs 117 to Rs 2,300 per quintal, Nigerseed by Rs 983 per quintal,
Israeli PM Netanyahu dissolved his war Cabinet. How will that affect cease-fire efforts?
Israeli Prime Minister Benjamin Netanyahu has disbanded his war Cabinet, consolidating his influence over the Israel-Hamas war and potentially diminishing the chances of a cease-fire in the Gaza Strip. The move came days after his chief political rival, Benny Gantz, withdrew from the three-member cabinet. Major war policies will now be approved by Netanyahu's security Cabinet, a larger body dominated by hard-liners who oppose the U.S.-backed cease-fire proposal and want to press ahead with the war.
Himachal Pradesh CM raises upper age limit for police constable recruitment to 26
Himachal Pradesh CM Sukhvinder Singh Sukhu approved one-year age limit relaxation for 1226 Constable recruitment. State Cabinet meeting chaired by Sukhu granted the relaxation.
Ministers who won, but still didn't make it to team Modi
Prime Minister Narendra Modi has retained key leaders in his new Council of Ministers. However, some notable omissions include Anurag Singh Thakur, Narayan Rane, Parshottam Rupala, Ajay Bhatt, and Faggan Singh Kulaste who were not included despite winning their respective elections.
ET Graphics: What do the Ministers have in hand as they form new Cabinet under PM Modi
By retaining key members from his previous council of ministers, the PM has signaled continuity at the top while also introducing fresh faces. Prime Minister Narendra Modi has taken on additional responsibilities, including the Ministry of Personnel, Public Grievances and Pensions, the Department of Atomic Energy, and the Department of Space.
Muslims responsible for their own condition: UP Cabinet Minister Om Prakash Rajbhar
Uttar Pradesh Cabinet Minister Om Prakash Rajbhar dismissed Congress leaders Priyanka Gandhi and Rahul Gandhi's thanksgiving march after their Lok Sabha victory, stating that no matter how many marches they take, nothing will happen to them. He also noted that ministers with good performance have retained their portfolios. Rajbhar emphasized that Muslims are responsible for their own condition and rely on Congress and SP.
Chandrababu Naidu wants Lok Sabha Speaker seat for TDP: What’s so special about this demand?
Chandrababu Naidu likely seeks the Speaker of the Lok Sabha position for a Telugu Desam Party (TDP) MP now that the NDA has been re-elected. Despite not raising the demand in the NDA meeting, Naidu recognizes the Speaker's strategic importance, especially given the government's tight majority and potential no-confidence motions.
Japan’s shocking population decline calls for urgent action, govt to take these actions, offer financial help
Birth rate and number of marriages have once again again Japan. This has prompted an urgent budgetary intervention by the government.
"Modi-factor is finished," says RJD's Tejashwi Yadav as he heads to INDIA bloc meet
Rashtriya Janata Dal (RJD) leader Tejashwi Yadav criticized the Bhartiya Janta Party (BJP) for being far from the majority and now dependent on allies. He claimed that the "Modi-factor" had ended after the 18th Lok Sabha election results, and that the BJP had lost 240 seats. Yadav also said that PM Modi's hatred towards Muslim brothers had taught him a lesson after INDIA Bloc won in Ayodhya.
FAME 3 rollout soon; Euler Motors fundraise
The next edition of the electric vehicle incentive scheme is likely to be unveiled within months of the new government taking charge. Details on this and more in today's ETtech Top 5.
Sri Lankan Cabinet did not discuss Katchatheevu issue: Cabinet spokesman
Prime Minister Narendra Modi on Sunday cited a media report to assert that new facts reveal that the Congress Party "callously" gave away Katchatheevu island to Sri Lanka.
Cabinet raises jute MSP to Rs 5,335 per quintal
In the current season 2023-24, the government has procured a record amount of more than 6.24 lakh bales of raw jute through the Jute Corporation of India, at the cost of Rs 524.32 crore, benefitting around 1.65 lakh farmers.
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