11th December, 2019
The cabinet on Wednesday approved the amendment in the funding pattern of the three primary corridors to be built in Phase-IV of Delhi Metro. These three corridors are Mukundpur-Maujpur, RK Ashram-Janakpuri West and Aero City-Tughlakabad. Giving this information, an official said that in the fourth phase of the metro, both the Center and the Delhi government will bear the cost of land in the ratio of 50:50.
Cooperation memorandum approved between India and Japan in the steel sector
The approved signing of Memorandum of Cooperation (MOC) between India and Japan in the steel sector. Its objective is to build capacity for high-quality steel manufacturing in India.
IBC changes, now promoters will not face criminal prosecution
The Union Cabinet has today approved a proposal to make several amendments to the Insolvency and Bankruptcy Code, 2016 (Code) through the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. The amendment aims to fulfill the objectives of the code and to remove specific difficulties faced by the bankruptcy resolution process to ensure greater ease of doing business.
NBFC and HFC get big relief The cabinet has given a major relief to non-banking financial companies (NBFCs) and the housing finance sector (HFCs). The cabinet has decided to increase cash in NBFC and HFC. The terms of the Partial Credit Guarantee Scheme have been relaxed under this decision.