Cabinet Meet Live Updates: Centre To Provide 7 Kg Ration To 80 Crore People
Catch live updates of the Union Cabinet’s decions as India’s economy grapples with coronavirus-triggered lockdown.
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Watch Live: Cabinet Decisions
Cabinet Approves Extension Of Scheme For Rebate Of Taxes On Garment Exports
The cabinet has approves extension of scheme for Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups from April 1, 2020 onward till the scheme is merged with Remission of Duties and Taxes on Exported Products.
Cabinet Approves Recapitalisation Of Regional Rural Banks
The cabinet has approved the recapitalisation of regional rural banks to improve their capital to risk-weighted assets ratio. Utilisation of Rs 670 crore has been approved as the central government’s share for this scheme.
Covid Helpline By States
The central government has asked all the states to start a Covid19 helpline. The Home Ministry will also launch a helpline today.
7 Kg Ration For 80 Crore People
The central government will provide 7Kg ration to 80 crore people in India, Union Minister Prakash Javadekar announced after a cabinet meeting. Subsidised food grains will be provided—wheat at Rs 2 per kg and rice at Rs 3 per kg.
The Union Cabinet, headed by Prime Minister Narendra Modi, is set to announce decisions taken in a meeting at 3 p.m. The conference will be led by Information & Broadcast Minister Prakash Javdekar.
This comes amid wide expectations of a financial plan for daily labourers who work in the unorganised sector that are likely to get the short end of the stick amid a nationwide lockdown.
In a speech last night, Modi announced at 21-day lockdown across India, saying the next three weeks will be critical in fighting the coronavirus and a slip in this could lead to massive damage to lives.
A coronavirus economic task force is currently working on an overall financial plan, according to Finance Minister Nirmala Sitharaman who is also heading the force.