The Cabinet has approved a policy that mandates state oil firms to prefer vendors meeting the local content targets in a move aimed at pushing ‘Make in India’ in the hydrocarbon sector.
In a bid to promote manufacturing in India, the cabinet on Wednesday approved the domestic purchase preference policy for state-run oil firms that will allow domestic service or product providers to offer a higher bid and still be eligible for the contract.
The Cabinet earlier this week cleared what is perhaps the biggest reform for the Indian Railways when it approved the creation of an independent regulator Railway Development Authority (RDA) that will among other things determine tariffs.
The Centre is set to clear an estimated Rs 10,000 crore relief package for banks, which are facing the prospect of loans to 25 mega power projects turning sour,
Government think-tank Niti Aayog has prepared a draft cabinet note to enable 3 per cent blending of methanol with petrol with a view to reduce dependence on imported fuel.
Cabinet approves closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil – CREDA Biofuels Ltd. (ICBL)
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi on Wednesday approved closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil – Chhattisgarh Renewable Energy Development Agency (CREDA) Biofuels Limited (ICBL).
The government will organise a Quality Conference with coal companies to ensure the right quality of the fossil fuel is supplied to power plants, Power Minister Piyush Goyal said.
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, on Wednesday gave its approval for development of the six laning of Handia-Varanasi section of NH-2 in Uttar Pradesh.
To reap the maximum benefit out of the station redevelopment programme, the railways ministry plans to increasingly lean towards a 90-year lease structure for developers.
The Union Cabinet under the Chairmanship of Prime Minister