LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Top 4 policies Modi Cabinet cleared today, from telecom, sugar, to GSTN Network

PM Narendra Modi headed Cabinet today took a number of important policy decisions that will help boost Indian economy in various ways over the short and long term. Cabinet cleared a number of policies today from telecom, GSTN Network to MCI.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Top 4 policies Modi Cabinet cleared today, from telecom, sugar, to GSTN Network
Cabinet cleared a number of policies today from telecom, GSTN Network to MCI. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Wed, Sep 26, 2018
05:25 pm
ZeeBiz WebDesk
RELATED NEWS
Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises
Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak
Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions
Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill
Government relaxes captive coal policy norms to attract bidders Government relaxes captive coal policy norms to attract bidders

PM Narendra Modi headed Cabinet today took a number of important policy decisions that will help boost Indian economy in various ways over the short and long term. Cabinet cleared a number of policies today from telecom, GSTN Network to MCI. Let's have a look at what all policies the Cabinet had cleared today:

1. The Cabinet today approved the new telecom policy, now named National Digital Communications Policy (NDCP) 2018, which aims to attract USD 100 billion investment and create 4 million jobs in the sector by 2022. According to the draft of the policy, NDCP is focused on increasing high-speed broadband penetration with use of modern technologies like 5G and optical fibres across the country at affordable rates.

The draft promised to rationalise levies such as spectrum charges to rejuvenate debt-ridden telecom sector, the proposed new telecom policy seeks to provide broadband access to all with 50 megabit per second speed, 5G services and create 40 lakh new jobs by 2022.

It included provisions to adopt "Optimal Pricing of Spectrum" to ensure sustainable and affordable access to digital communications. High spectrum price and related charges have been main concern of telecom services segment, which is reeling under a debt of around Rs 7.8 lakh crore.

2. The Cabinet approved a Rs 4,500 crore package for the sugar industry that includes over two-fold jump in production assistance to cane growers and transport subsidy to mills for export up to 5 million tonnes in the marketing year 2018-19, sources said. The Cabinet Committee on Economic Affairs (CCEA) approved the food ministry's proposal that seeks to address the surplus domestic stock of sugar and help mills in clearing huge cane arrears of around Rs 13,000 crore.

3. The Cabinet cleared proposal to make GST Network (GSTN) 100 per cent government company, Finance Minister Arun Jaitley said.  Currently, the Centre and states together hold 49 per cent stake in the GST Network, the company that provides IT backbone to the new indirect tax regime. The remaining 51 per cent is held by five private financial institutions -- HDFC Ltd, HDFC Bank Ltd, ICICI Bank Ltd, NSE Strategic Investment Co and LIC Housing Finance Ltd.

The proposal to convert GSTN into 100 per cent government-owned company was earlier approved by the all-powerful GST Council.

4. President Ram Nath Kovind Wednesday signed an ordinance to set up a committee to run the Medical Council of India till a bill which seeks to replace the body with a new commission is passed by Parliament, Finance Minister Arun Jaitley said.

A bill to replace MCI with National Medical Commission is pending in Parliament. Briefing reporters, Jaitley said the ordinance was cleared by the Union Cabinet this morning and the President has now given his ascent. He said since the term of the elected body of the MCI is ending shortly, a need was felt to run it by a committee of eminent persons.

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:
union cabinet
RELATED NEWS
Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises
Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak
Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions
Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill
Government relaxes captive coal policy norms to attract bidders Government relaxes captive coal policy norms to attract bidders

LATEST NEWS

Exclusive: Jet Airways deal will put country's airports at risk

CBSE board exam 2021: Class 10, 12 students must follow these rules to get great marks

CBSE Board Exam 2021: Class 10 class 12 students don't miss this latest update: Check dates, grading system here

Stocks to buy with Anil Singhvi: Sandeep Jain recommends VST Tillers Tractors today

4th Test: Ashwin, Axar bundle out England for 205 as India take control on Day 1

Realme GT 5G launched with 64MP triple camera setup and Snapdragon 888 chipset; Check price, India availability and more

IRCTC Share Price: This Multibagger stock soars to near life-time highs! You can make money from it too, check what experts said

WhatsApp expands voice, video calling to desktop PCs

MTAR Technologies IPO Subscription: Check allotment status finalisation date and how to check if you got shares

Exclusive: Power Grid InvIT IPO to be launched soon; to be game-changer for company, Anil Singhvi says

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved