Listed below are the important thing initiatives that acquired Union Cupboard’s nod:
Kovind panel report on ‘One Nation, One Election’
The Union Cupboard, chaired by Prime Minister Narendra Modi, unanimously authorised the suggestions put forth by the high-level committee on ‘one nation, one election’ on Wednesday.
The committee, led by former president Ram Nath Kovind, had submitted its report in March, earlier than the announcement of the Lok Sabha elections.
The report’s approval was a part of the regulation ministry’s 100-day agenda, and it was offered earlier than the Cupboard for consideration. The committee’s key suggestion was to conduct simultaneous elections for the Lok Sabha and state Assemblies because the preliminary step, adopted by synchronized native physique polls inside 100 days.
The panel additionally steered the formation of an ‘Implementation Group’. This group could be answerable for overseeing the execution of the proposed electoral reforms and making certain a clean transition in the direction of the ‘one nation, one election’ system.
New Moon mission-Chandrayaan-4
The federal government has given the inexperienced gentle to a brand new lunar mission, Chandrayaan-4, which goals to showcase and refine the applied sciences mandatory for safely touchdown Indian astronauts on the moon and bringing them again to Earth. The mission, authorised by the Union Cupboard on Wednesday, is a vital step in the direction of India’s aim of touchdown astronauts on the lunar floor by 2040.
Chandrayaan-4 will deal with demonstrating key applied sciences similar to docking, undocking, touchdown, and secure return to Earth. Moreover, the mission will contain accumulating and analyzing lunar samples, additional increasing our understanding of the moon’s composition and potential sources.
The estimated value for this know-how demonstration mission is Rs 2,104.06 crore.
The mission is anticipated to be accomplished inside a 36-month timeframe following the approval, with contributions from each business companions and tutorial establishments.
Rs 24,475 crore subsidy on P&Ok fertilisers for rabi season
The Union Cupboard has given its approval for a subsidy of Rs 24,474.53 crore on phosphatic and potassic (P&Ok) fertilisers for the rabi season of 2024-25. This determination was made to make sure that farmers have entry to crop vitamins at inexpensive costs. The Nutrient Based mostly Subsidy (NBS) charges for the rabi season 2024, which runs from October 2024 to March 2025, have been authorised for P&Ok fertilizers.
In accordance with an official assertion, the tentative budgetary requirement for rabi season 2024 could be roughly Rs 24,475.53 crore. The federal government goals to guarantee that farmers can get hold of fertilizers at backed, inexpensive, and cheap costs. Via fertilizer producers and importers, the federal government is offering farmers with entry to twenty-eight grades of P&Ok fertilizers at backed charges.
Since April 1, 2010, the subsidy on P&Ok fertilizers has been ruled by the NBS scheme. This current determination by the federal government is anticipated to learn farmers by making certain an sufficient provide of important crop vitamins at inexpensive costs through the upcoming rabi season.
Continuation of PM-AASHA to make sure higher costs for farmers
The Cupboard additionally authorised the extension of the PM-AASHA scheme, allocating a finances of Rs 35,000 crore. This initiative goals to make sure that farmers obtain honest costs for his or her produce whereas additionally managing worth fluctuations of important commodities for the advantage of shoppers. “The Union Cupboard, chaired by Prime Minister Narendra Modi, has authorised the continuation of schemes of Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) to offer remunerative costs to farmers and to manage worth volatility of important commodities for shoppers,” an official assertion stated.
The monetary expenditure for this scheme is projected to be Rs 35,000 crore through the fifteenth Finance Fee Cycle, which extends till 2025-26, as per the assertion. In an effort to streamline and optimize the advantages for each farmers and shoppers, the federal government has built-in the Worth Help Scheme (PSS) and Worth Stabilization Fund (PSF) schemes below the PM-AASHA umbrella.
Pradhan Mantri Janjatiya Unnat Gram Abhiyan
The Union Cupboard has given its approval to the Pradhan Mantri Janjatiya Unnat Gram Abhiyan, a complete initiative aimed toward uplifting the socio-economic situations of tribal communities throughout the nation. This system, with a complete outlay of Rs 79,156 crore, comprising a Central Share of Rs 56,333 crore and a State Share of Rs 22,823 crore, will deal with offering saturation protection to tribal households residing in tribal-majority villages and aspirational districts.
The Pradhan Mantri Janjatiya Unnat Gram Abhiyan may have a far-reaching presence, encompassing 549 districts and a pair of,740 blocks throughout all tribal-majority villages in 30 States and Union Territories.
‘Bio-RIDE’ scheme to help analysis and improvement in Biotechnology
The Union Cupboard has given its approval for the continuation of two flagship schemes below the Division of Biotechnology (DBT). These schemes have been consolidated right into a single program referred to as ‘Biotechnology Analysis Innovation and Entrepreneurship Improvement (Bio-RIDE),’ which introduces a brand new part specializing in Biomanufacturing and Biofoundry.
The Bio-RIDE scheme seeks to expedite analysis efforts, bolster product improvement, and shut the hole between tutorial analysis and industrial purposes. By integrating the 2 current schemes and introducing the Biomanufacturing and Biofoundry part, the federal government goals to create a complete ecosystem that helps the expansion and development of the biotechnology sector in India.
