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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.

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

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

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

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.