India plans to list seven state-run companies through initial public offerings as it aims to meet its divestment target and contain the risk of a fiscal slippage.
Key Cabinet Decisions
Space Flight Programme
- India approved a plan to send a three-member crew to space, taking the first step to fulfil Prime Minister Narendra Modi’s promise to make it the fourth nation to send a manned space mission.
- First human space flight demonstration will be be completed in 40 months of the announcement, Prasad said. The Cabinet Committee of Economic Affairs approved Rs 10,000-crore funding for the programme.
Minimum Support Prices
- The government also increased the minimum support price for copra by more than Rs 2,000 a quintal for 2019 season. The MSP of milling Copra to be Rs 9,521 a quintal and that of ball copra to be Rs 9,920 a quintal.
Other Decisions
- A National Commission for Indian System of medicine bill will be announced soon. A National Commission for homeopathy bill, too, will be introduced.
- The second bi-annual update report sent by India to the United Nations Framework Convention on Climate Change has been approved.
- Coastal regulation zone 2018, which are standards for construction along the coast, has been approved.
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