Published On: Wed, Aug 28th, 2019

PM Modi’s cabinet meeting decisions: 100% FDI in Coal Mining & Digital Media, 75 new medical colleges and many more.

  • Cabinet decision: FDI approved in coal mining and digital media.
  • 75 new medical colleges to be opened across the country, Modi government decided.
  • Decision in cabinet meeting chaired by PM Modi- 75 new medical colleges will be opened, 15700 seats of MBBS will increase.
  • Modi Cabinet approves opening of 75 new medical colleges from 24,000 crores, export subsidy to sugarcane farmers.

New Delhi : A number of major decisions were taken in the Central Cabinet meeting today. After the meeting, Union Ministers Prakash Javadekar and Piyush Goyal made several announcements for 100% FDI, single brand retail and sugarcane farmers. Apart from this, Union Minister Prakash Javadekar also announced 75 new medical colleges. The government will open 75 new government medical colleges in different states by the year 2021-22. Prakash Javadekar said that medical colleges will be opened in places where there is no medical college already and there are unserved and aspiring districts which have lagged behind in development. The implementation of this proposal will cost Rs 24,375 crore.

PM Modi's cabinet meeting decisions: 100% FDI in Coal Mining & Digital Media, 75 new medical colleges and many more. - india 24x7 news

PM Modi’s cabinet meeting decisions: 100% FDI in Coal Mining & Digital Media, 75 new medical colleges and many more. – india 24×7 news

  1.  The Union Cabinet approved the proposal to provide an export subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar.
  2. Subsidy to sugarcane farmers will go directly to the farmers’ account.
  3.  International Coalition Disaster Resilient Infrastructure will be established on the lines of National and State Disaster Management.
  4. PM Modi will launch the International Coalition Disaster Resilient Infrastructure in the UN.
  5. Cabinet approved the establishment of 75 government medical colleges by 2021-22.
  6. Proposed new medical colleges will increase 15,700 seats of MBBS in the country.
  7. Piyush Goyal said- Modi government has mainly worked on FDI in last 5 years. One and a half times FDI has come in the last five years.
  8. 100% FDI has been approved for coal mining and sales.
  9. Single brand rules were eased for retail.
  10. 26% FDI in digital media approved by the government.
  11. Online retailing is allowed under single brand retail, in which case the necessity of opening the first store is exempted.

New medical colleges will be built at a cost of Rs 24,375 crore. This will include 15,700 seats of MBBS. The Union Minister said that this is the biggest expansion of medical education. Apart from this, the government made a big announcement for sugarcane farmers. The government has announced a subsidy on exports of 60 lakh metric tons, giving gifts to sugarcane farmers.

Apart from this, it was also decided to give export subsidy to sugarcane farmers for exporting 60 lakh metric tonnes of sugar. It will cost 6268 crore rupees. This money will go directly to the account of the farmer. This will also reduce the losses of farmers. Millions of farmers will benefit from this. At the same time, a decision has also been taken for the International Coalition for Disaster Resilient Infrastructure. Capacity building and exchange of information is essential. PM will launch this scheme by going to UN.

At the same time, it was told by the government that FDI of 286 billion dollars has arrived in India. Union Minister Piyush Goyal said during this time that 100 percent FDI will be allowed for coal mining and its sale. Also, permission has been given to allow 100 percent FDI in related works like washing of coal etc. Companies want to make India a manufacturing unit, but there were some difficulties in the law, which has been greatly simplified today. This will bring huge amount of investment from abroad. This will also increase economic progress. Also, youths will get employment in a big way. The first change for this has been the approval of 100 percent FDI in contract manufacturing. People from outside can come and make their goods in India.

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