The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday accepted the doubling of the Nimach-Ratlam railway line at a complete estimated value of Rs 1,095.88 crore, Union Minister Anurag Thakur introduced.
Briefing the media on the important thing choices taken by the Cabinet, Thakur stated that the doubling of Nimach-Ratlam and Rajkot-Kanalus railway traces will profit passengers in addition to the whole industrial belt.
Here’s are the important thing cabinet choices:
1. Cabinet approves doubling of Nimach-Ratlam and Rajkot-Kanalus railway line
– The Cabinet accepted the doubling of the Nimach-Ratlam railway line at a complete estimated value of Rs 1,095.88 crore: Union Minister Anurag Thakur introduced.
– The whole size of doubling of the Nimach-Ratlam railway line is 132.92 km. The venture will likely be accomplished in 4 years.
– The whole estimated value of the doubling Rajkot-Kanalus railway venture will likely be Rs 1,080.58 crore. The whole size of the doubling of line is 111.20 km. The venture will likely be accomplished in 4 years.
– Doubling of Nimach-Ratlam and Rajkot-Kanalus railway traces will profit passengers in addition to the whole industrial belt, Thakur stated.
2. Cabinet approves itemizing of Export Credit Guarantee Corporation (ECGC) on inventory exchanges
– The Cabinet additionally accepted the itemizing of Export Credit Guarantee Corporation Ltd. (ECCG) on the inventory change, Commerce Minister Piyush Goyal stated.
– He added that Rs 4,400 crore will likely be invested in ECGC Ltd in 5 years starting from the monetary yr 2021-22 to offer help to exporters in addition to banks.
3. Cabinet approves continuation of National Export Insurance Account (NEIA) scheme
– The Cabinet accepted the continuation of National Export Insurance Account (NEIA) scheme and introduced and infusion of Rs 1,650 crore grant-in-aid over 5 years, Goyal stated.
4. Government to launch new scheme ‘Pradhan Mantri Poshan Shakti Nirman’
A brand new scheme known as ‘Pradhan Mantri Poshan Shakti Nirman’ will likely be launched by the federal government, to offer nutritious meals to crores of school-going youngsters, Thakur stated.
The scheme costing Rs 1.31 lakh crore to run for 5 years, he knowledgeable.
