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Business News » India News

Check Cabinet decisions taken today by Modi government - BIG DEVELOPMENTS

Approval to retail policy for petrol to be sold by private players, revival plan of the BSNL and MTNL are two big decisions taken by the Modi cabinet today.

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 Check Cabinet decisions taken today by Modi government - BIG DEVELOPMENTS
Rs 14,000 crore fund has been allocated for the revival of BSNL and MTNL — Rs 10,000 crore for BSNL and Rs 4,000 crore for MTNL.

In a major development, Modi Government took a number of decisions including approval to retail policy for petrol to be sold by private players, revival plan of the BSNL and MTNL and special fund management for these telecom company's employees taking retirement under VRS (Voluntary Retirement Scheme). The decisions were taken in a Cabinet meet.

According to the Zee Business, the government of India has decided to revive the BSNL and MTNL and for this Rs 14,000 crore fund has been allocated. Apart from this, this corpus of Rs 14,000 will be used to give VRS benefits to the employees of both BSNL and MTNL.

See Zee Business ive Tv streaming below:

कैबिनेट ब्रीफिंग LIVE https://t.co/4300EBCFDg

— Zee Business (@ZeeBusiness) October 23, 2019

Here are the key takeaways of today's Modi cabinet decisions:

1] Approval to retail policy for petrol to be sold by private players

2] Revival of BSNL and MTNL

3] Rs 14,000 crore special fund for BSNL and MTNL revival plan

#CabinetDecisions | कैबिनेट की बैठक में लिए गए कई अहम फैसले, #MTNL- #BSNL को मिलेगा 4G स्पेक्ट्रम#CabinetBriefing #CabinetMeeting #BSNL_Revival @sameerdixit16 pic.twitter.com/O69HQi2sN5

— Zee Business (@ZeeBusiness) October 23, 2019

4] Rs 10,000 crore for BSNL and Rs 4,000 for MTNL

5] This Rs 14,000 crore fund will be used to give retirement benefits of the BSNL and MTNL employees retiring under the VRS

6] MSP for wheat increased by Rs 85 to Rs 1925 per quintal

7] Rs 15,000 crore sovereign bond approved

#CabinetDecisions | #BSNL #MTNL का होगा मर्जर, कैबिनेट ने रिवाइवल योजना को दी मंजूरी #CabinetMeet pic.twitter.com/MaqwXS1cw9

— Zee Business (@ZeeBusiness) October 23, 2019

8] Cabinet has taken historic decision to give ownership rights to 40 lakhs people living in unauthorised colonies in Delhi

9] The government has also decided to cadre review of ITBP which has now gone up to 88000 to improve their efficiency.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Narendra ModiBSNLMTNLindia
Written By: ZeeBiz WebTeam
Edited By: Prashant V. Singh
Updated: Wed, Oct 23, 2019
08:21 pm
New Delhi, ZeeBiz WebDesk
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